Smart Money Management for Visiting Yachts

Keeping Your Cruising Kitty Shipshape in Vanuatu

Managing your finances efficiently can make a big difference to your cruising budget in Vanuatu. Here are some proven tips from experienced yachties who've learned how to navigate Vanuatu's financial waters smoothly.

Understanding Vanuatu's Currency - The Vatu

Vanuatu uses the Vatu (VUV) as its official currency. When you first see prices, remember that 1,000 Vatu is roughly equivalent to $10 AUD or $7 USD. A nice dinner might set you back 5,000-10,000 Vatu per person, while marine supplies and services will be your biggest expenses.

💡 Pro Tip: The ATM Decision That Saves You Money

When using ATMs at ANZ or other banks in Port Vila, you'll often see this important screen:

"Would you like to be charged in [Your Home Currency] or Vatu?"

ALWAYS CHOOSE VATU!

Selecting your home currency adds 5-10% in hidden fees through poor exchange rates. This "dynamic currency conversion" is a profit-maker for banks but a budget-killer for cruisers.

🚀 Modern Solution: Multi-Currency Accounts

Many experienced cruisers now use multi-currency accounts like Wise to significantly reduce banking fees. Here's why they work well for yachties:

• Better Exchange Rates: Get closer to the real market rate instead of bank-inflated rates
• Lower Fees: Avoid 3-5% foreign transaction fees on every purchase
• Easy Cash Access: Use ATMs worldwide with minimal fees
• Multiple Currencies: Hold Vatu, AUD, USD, EUR, NZD and 40+ other currencies

Cash Planning for Island Hopping

While credit cards work well in Port Vila and Luganville, you'll need Vatu cash for:

• Village visits and cultural experiences
• Local markets and handicrafts
• Rural areas where cards aren't accepted
• Small purchases and tips

Tip: Get cash in Port Vila before heading to outer islands where ATM availability is limited.

Budgeting for Common Yacht Expenses

Based on feedback from visiting yachts, here are typical costs in Vanuatu:

• Marina Fees: Check our current price list
• Fuel: Diesel and petrol prices fluctuate - check at our fuel wharf
• Provisions: Local markets offer good value, imported items cost more
• Marine Services: Skilled tradespeople offer excellent work at fair rates
• Dining Out: Restaurant meals range from 2,000-10,000 Vatu per person

More Financial Navigation Resources

For comprehensive strategies on managing money across multiple countries while cruising, many yachties find helpful information at:

⛵ SailingMoney.us - Global Cruising Financial Tips →

"The savings we made on bank fees and exchange rates using these tips paid for our extra week exploring the Banks Islands. Smart money management means more time cruising!"
- SV Wanderlust, 45' catamaran from Australia