go to content go to search box go to global site navigation

Thorn Tree Forum

Currency

Replies: 17 - Last Post: Sep 13, 2012 5:44 AM Last Post By: treabeard

jump to
← Back to topic list

Moorefamflag

Moorefamflag avatar

Sep 11, 2012 11:32 AM
Posts:  5

Currency

We're doing a 20 day trek. I've heard in most villages, US cash is accepted. What would be the preferred form of cash.

Thanks and can't wait.

scoodly

scoodly avatar

Sep 11, 2012 11:39 AM
Posts:  3,698

1

Hi

US$ might be accepted but at an unfavourable exchange rate and lodge menus are priced in rupees and cash is easily exchanged in KTM. There is no reason to pay in US$.

Enjoy the trek.

scoodly

roger_ray

roger_ray avatar

Sep 11, 2012 11:50 AM
Posts:  703

2

Use Nepali rupees easily exchanged for dollars in KTM...there is absolutely no reason to think about spending daily expenses in $$...your will be in Nepal, use their currency.

And depending on which trek and which village $$ may not be taken; at some big lodge yes at a bad exchange rate but what about at smaller places etc, and for small purchases....what is the $$ equivelant of 10-20rupee cup of tea and do you expect change? in $$?, I doubt it, in rupees, good grief who wants to do all that fuguring and hassling. And what is the point/purpose in the first place...none for $$.

Just get/use rupees and don't even think about $$ for trek expenses....Personally I always carry a high limit credit card for emerg evac and some $$ in different donominations for smaller emergencies too. But carry rupees for ALL expenses on the trek.

Roger

into-thin-air

into-thin-air avatar

Sep 11, 2012 12:21 PM
Posts:  1,332

3

Yep agree with above replies – When in Nepal do as the Nepalese do –Although many things are priced in US $'s, this is really just for the convenience of the visitor (So you know how mush something is) because other that a Visa on arrival, most other things are bought in Nepali Rupees
Good Luck
Rob

chilipepper21

chilipepper21 avatar

Sep 11, 2012 12:53 PM
Posts:  846

4

when exchanging USD's in KTM, who usually has the best rates....the Banks or the guys operating on the street??

scoodly

scoodly avatar

Sep 11, 2012 1:08 PM
Posts:  3,698

5

Hi CP

I think the banks offer a better rate but there is more bureaucracy involved. It's possible to negotiate a better than the displayed rate at money changers especially if exchanging a large amount.

scoodly

Moorefamflag

Moorefamflag avatar

Sep 11, 2012 1:16 PM
Posts:  5

6

Thanks for all the quick responses. That's what I thought but a few locals (US residents) said otherwise.

chilipepper21

chilipepper21 avatar

Sep 11, 2012 1:59 PM
Posts:  846

7

Cheers Scoodly.

2.5 weeks and counting :)

into-thin-air

into-thin-air avatar

Sep 11, 2012 2:10 PM
Posts:  1,332

8

Again, Good info posted on exchanging money – Banks often do offer a better rate of exchange, but then they charge commission, so even when I am changing very large amounts of money I use the money changers as they will bargain where the banks won't – For a starting point try Fuji
Good Luck
Rob

scoodly

scoodly avatar

Sep 11, 2012 2:43 PM
Posts:  3,698

9

Hi

I don't think all banks charge a separate commission; the one i used didn't (Himalayan Bank on Tridevi Marg) rather they built their margins into the exchange rate.

Worth watching out for though - it's the total cost of exchanging, rather than just an exchange rate, that's important.

scoodly

chilipepper21

chilipepper21 avatar

Sep 11, 2012 3:06 PM
Posts:  846

10

All good stuff guys - cheers for your comments and help!

cawmac

cawmac avatar

Sep 11, 2012 11:52 PM
Posts:  15

11

Regarding paying in rupees are there things that I definitly have to pay in US$.I'm thinking of internal air fares.Also are Australian dollars easily exchanged at money changers.These days I like to take cash with me to exchange because I'm sick of paying international transaction fees and ATM fees to banks who make billions of dollars profit here in Australia.Thanks.

into-thin-air

into-thin-air avatar

Sep 12, 2012 12:43 AM
Posts:  1,332

12

Yes, Apart from your visa on arrival, you can pay for everything else in NPR (Nepali Rupee)
I am fairly sure that you will be able to exchange Australian $’s with out problem, But as I am a Pom, I have no direct experience with this, But I am sure someone else will come along and give you more details
Happy Travels
Rob
PS – I always take Travellers Cheques as a back-up, safer than cash, less commission than plastic, you can use them in power-cuts and ATM can’t ear them

scoodly

scoodly avatar

Sep 12, 2012 1:26 AM
Posts:  3,698

13

Hi cawmac

I remember the money changers quoting rates for Aussie dollars on the boards outside so you won't have any problems exchanging. And to echo Rob, everything can be paid for in rupees.

Enjoy the trip.

scoodly

rajanpandit

rajanpandit avatar

Sep 12, 2012 3:32 AM
Posts:  2

14

Yes,
As all have suggested you, its better for you to exchange your currency at Thamel where you get the best rate. Never exchange the dollar in airport as they never give the best rate. The rate that you can get is almost always higher then that appears in national daily newspapers so to be clever please see the exchange rate in the paper and then ask for exchange.

That will make you excellent traveler !
← Back to topic list
ADVERTISEMENT

In our shop

See all shop products

Hotels & Hostels

See all hotels & hostels