What is peso ecuatoriano a dólar?

The exchange rate between the Ecuadorian peso (officially known as the US dollarized economy) and the US dollar is fixed at a rate of 1 USD to 1 USD in Ecuador. This means that the Ecuadorian peso and US dollar are equivalent and interchangeable currencies in the country. The decision to dollarize the economy was made in 2000 in an effort to stabilize Ecuador's economy and curtail inflation. As such, there is no need to convert between the two currencies when conducting transactions in Ecuador. All prices are quoted in US dollars and coins.