Question 1

What is the "Currency Short-Changing in USD" scam in Guayaquil?

Accepted Answer

Ecuador uses the US dollar, which removes exchange rate risk but creates a short-change vulnerability because tourists assume dollar transactions are straightforward. Market vendors and informal traders short-change tourists paying with larger USD notes, relying on the assumption that a familiar currency will not require careful counting. Counterfeit USD notes are also in circulation in informal markets. Count your change carefully even in USD transactions. Carry smaller denominations — USD 1, 5, and 10 bills — to reduce the change required. Inspect USD 20 and 50 notes you receive for security features, particularly in the Mercado Artesanal.

Question 2

What is the "Airport Money Exchange Shortfall" scam in Guayaquil?

Accepted Answer

Currency exchange booths inside and immediately outside Guayaquil's José Joaquín de Olmedo International Airport give rates 15–25% below the true rate and use fast, confusing cash-handling techniques to short-count bills. Ecuador uses USD, so tourists arriving without dollars are a prime target. Ecuador uses US dollars — no currency exchange is needed if you arrive with dollars. If you need local small bills, use the ATM inside the terminal before clearing customs. Avoid street exchangers outside the airport entirely.

Money & ATM Scams in Guayaquil

Currency Short-Changing in USD

Airport Money Exchange Shortfall

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