North American Countries and their Currencies

North American Countries and their Currencies – Currency is the most common medium of exchange. North America has 23 countries with different currencies. From the United States Dollar to the monetary system of the Caribbean islands, these currencies fuel the economy of these North American countries.

In this article, you will discover the economic and cultural importance behind the list of currency names , and gain a deeper understanding of North America’s financial landscape with respect to the geography.

North American Countries and their Currency Names

Here’s a detailed list of North American countries and their corresponding currencies. From the well-known US dollar to some you might not have heard of, the list tabulated below is your go-to resource for understanding North America’s economic diversity.

North American Countries and their Currencies List
Serial No.	Country	Currency
1	Anguilla (UK) East Caribbean dollar	East Caribbean dollar
2	Antigua and Barbuda	East Caribbean dollar
3	Aruba (Netherlands)	Aruban Florin
4	Bahamas	Bahamian dollar
5	Barbados	Barbadian dollar
6	Belize	Belize dollar
7	Bermuda (UK)	Bermudian dollar
8	Bonaire (Netherlands)	United States dollar
9	British Virgin Islands (UK)	United States dollar
10	Canada	Canadian dollar
11	Caribbean Netherlands	United States dollar
12	Cayman Islands (UK)	Cayman Islands dollar
13	Costa Rica	Costa Rican colon
14	Cuba	Cuban peso
15	Curacao (Netherlands)	Antillean Guilder
16	Dominica	East Caribbean dollar
17	Dominican Republic	Dominican peso
18	El Salvador	United States dollar
19	Greenland (Denmark)	Danish krone
20	Grenada East	Caribbean dollar
21	Guadeloupe (France)	European euro
22	Guatemala	Guatemalan Quetzal
23	Haiti	Haitian gourde
24	Honduras	Honduran Lempira
25	Jamaica	Jamaican dollar
26	Martinique (France)	European euro
27	Mexico	Mexican peso
28	Montserrat (UK)	East Caribbean
29	Nicaragua	Nicaraguan Cordoba
30	Panama	United States dollar
31	Puerto Rico (USA)	United States dollar
32	Saba (Netherlands)	United States dollar
33	Saint Barthelemy (France)	European euro
34	Saint Kitts and Nevis	East Caribbean dollar
35	Saint Lucia	East Caribbean dollar
36	Saint Martin (France)	European euro
37	Saint Pierre and Miquelon (France)	European euro
38	Saint Vincent and the Grenadines	East Caribbean dollar
39	Sint Eustatius (Netherlands)	United States dollar
40	Sint Maarten (Netherlands)	Netherlands Antillean Guilder
41	Trinidad and Tobago	Trinidad and Tobago dollar
42	Turks and Caicos Islands (UK)	United States dollar
43	United States of America	United States dollar
44	US Virgin Islands (USA)	United States dollar

Countries of North America: Geography

• The most basic fact about North America is that it is the third largest continent after Asia and Africa.
• The continent has nearly 9.5 million square miles of area, 16.5 percent of the earth’s total land area. 
• The continent is surrounded by oceans: the Arctic Ocean to the north, the Pacific Ocean to the south and west, the Atlantic Ocean to the east, and the Caribbean Sea to the southeast.  
• When we talk about the North American continent we usually think of its largest and most powerful nation, the USA. 
• One of the most interesting facts about North America is that there are only 23 countries on the continent and hundreds of other territories and possessions. This includes Canada, Mexico, Bermuda, Greenland, Central America, and the Caribbean countries.
• The United States is the most populous of these countries with around 32.8 million people in 2019.
• With 12.5 million people, Mexico is the second most populous nation and the third most populous nation is Canada with 37.5 million people. With 15.9 million, Guatemala is fourth.

Economic Insights into North American Currencies

In this section, we will discuss some important North American countries and their currencies It including a brief overview of how these currencies of North American countries impact their economy.

United States Dollar (USD) – The Global Currency

• The United States Dollar (USD) is not just the currency of the United States but also the world’s primary reserve currency.
• It plays a major role in international trade and finance.
• The strength of the USD is closely tied to the global economic climate.
• It influences everything from oil prices to international debt.
• Many countries peg their currencies to the USD to stabilize their exchange rates.
• This dependence on the USD for global transactions underscores its dominance in the world economy.
• The USD’s value can significantly impact the United States’ trade relationships.
• A strong USD makes American exports more expensive and imports cheaper. This affects trade balances.

Canadian Dollar (CAD) – A Commodity-Driven Currency

• Canada’s economy is heavily dependent on its natural resources, particularly oil. As a result, the Canadian Dollar often fluctuates with the global prices of these commodities.
• The CAD is also influenced by Canada’s economic relationship with the United States, its largest trading partner.
• Changes in the USD directly impact the CAD’s value.
• The Bank of Canada’s monetary policy plays a crucial role in maintaining the stability of the CAD.
• Inflation targeting and interest rate adjustments are key tools used to manage the currency’s value.

Mexican Peso (MXN) – The Currency of an Emerging Economy

• Mexico’s economy, characterized as an emerging market, has seen significant growth and modernization.
• The Mexican Peso reflects this dynamic economic environment.
• The North American Free Trade Agreement (NAFTA), now replaced by the USMCA, has been a major influence on the MXN.
• Trade agreements like these have a direct impact on Mexico’s economy and its currency.
• The Bank of Mexico uses monetary policy to control inflation, which can affect the peso’s value.

Caribbean and Central American Currencies – Diversity in Economies

• Caribbean and Central American countries have diverse economies, from tourism-driven islands like the Bahamas to agriculture and manufacturing-based economies like Costa Rica.
• Some of these nations peg their currencies to the USD to maintain economic stability and encourage foreign investment.
• These regions face unique economic challenges, including vulnerability to natural disasters and reliance on a limited range of exports. These factors can lead to fluctuations in their currencies. 

Conclusion- List of North American Currencies

The currencies of North America are as diverse as the continent’s economies. From the global powerhouse of the USD to the emerging market peso, each currency tells a story of economic policies, trade relationships, and unique challenges. Understanding these currencies offers insight into the broader economic landscape of the region. This article would help you understand the the currency names of all the North American countries, with their geography and economic importance in a global context.

North American Currencies- FAQs

Q1. What is the currency of the United States of America?

United States dollar is the currency of the United States of America

Q2. What is the currency of Saint Kitts and Nevis?

East Caribbean dollar is the currency of Saint Kitts and Nevis.

Q3. What is the currency of Saint Pierre and Miquelon (France)?

European euro is the currency of Saint Pierre and Miquelon (France).

Q4. What is the currency of Sint Maarten (Netherlands)?

Netherlands Antillean Guilder is the currency of Sint Maarten (Netherlands).

Q5. What are the currencies of Trinidad and Tobago?

Trinidad dollar and Tobago dollar are the currencies of Trinidad and Tobago respectively.

Q6. What is the currency of Cuba?

Cuban Peso is the currency of Cuba.

Q7. What is the currency of Martinique (France)?

European euro is the currency of Martinique (France).

Q8. What is the currency of Haiti?

Haitian gourde is the currency of Haiti.

Q9. What is the currency of Guatemala?

Guatemalan Quetzal is the currency of Guatemala.

Q10. What is the currency of the British Virgin Islands (UK)?

United States dollar is the currency of the British Virgin Islands (UK).