Currency

euro (€)

Daily Costs

Budget: Less than €50

  • Dorm bed: €15–22
  • Basic hotel room for two: from €35
  • Lunch special at a family-run restaurant: €8–10
  • Second-class train ticket from Lisbon to Faro: from €23

Midrange: €50–120

  • Double room in a midrange hotel: €50–100
  • Lunch or dinner in a midrange restaurant: €22–40
  • Admission to museums: €3–8

Top end: More than €120

  • Boutique hotel room: from €120
  • Dinner for two in a top restaurant: from €80
  • Three-day surf course: €150

Bargaining

Gentle haggling is common in markets (less so in produce markets); in all other instances you’re expected to pay the stated price.

Money

ATMs widely available, except in the smallest villages. Credit cards accepted in midrange and high-end establishments.

ATMs

ATMs are the best way to get cash in Portugal, and they are easy to find in most cities and towns. Tiny rural villages probably won't have ATMs, so it's wise to get cash in advance. Most banks have a Multibanco ATM, with menus in English (and other languages), that accepts Visa, Access, MasterCard, Cirrus and so on. You just need your card and PIN. Keep in mind that the ATM limit is €200 per withdrawal, and many banks charge a foreign transaction fee (typically around 2% to 3%).

Changing Money

Note that banks and bureaux de change are free to set their own rates and commissions, so a low commission might mean a skewed exchange rate.

Credit Cards

Most hotels and smarter restaurants accept credit cards; smaller guesthouses, budget hotels and smaller restaurants might not, so it's wise to have cash with you.

Currency

Portugal uses the euro, along with most other European nations.

Exchange Rates

AustraliaA$1€0.62
CanadaC$1€0.66
Japan¥100€0.81
New ZealandNZ$1€0.60
UK£1€1.16
USAUS$1€0.88

For current exchange rates see www.xe.com.

Tipping

  • Bars Not expected.
  • Hotels One euro per bag is standard; gratuity for cleaning staff is at your discretion.
  • Restaurants In touristy areas,10% is fine; few Portuguese ever leave more than a round-up to the nearest euro.
  • Snack bars Not expected.
  • Taxis Not expected, but it's polite to round up to the nearest euro.

Travellers Cheques

Travellers cheques are easily exchanged, with better rates than for cash (although commission rates can be very high). They are a safe way to carry money, as they will be replaced if lost or stolen, but are much less convenient than ATMs.