Currency

Euro (€)

Daily Costs

Budget: Less than €60

  • Budget hotel room (with shared bathroom): €25–35
  • Excellent markets and supermarkets for self-caterers
  • Check out museums with free entry, parks, churches and walks

Midrange: €60–150

  • Double room in midrange hotel: €55–80
  • Three-course meal in midrange restaurant: €25, plus wine
  • Top museums, galleries and sights: average €6

Top End: Over €150

  • Four-star hotel room: €100
  • Fine dining for lunch and dinner
  • Car rental from €20 per day

Bargaining

Haggling over prices is accepted in some markets, and shops may offer a small discount if you’re spending a lot of money. Otherwise expect to pay the stated price.

Money

The most convenient way to bring your money is in the form of a debit or credit card, with some extra cash for use in case of an emergency.

ATMs

The Canary Islands has a surfeit of banks, and pretty much every one has a multilingual cajeros automáticos (ATM). Remember that there is usually a charge of between 2% and 3% on ATM cash withdrawals abroad.

Cash

Even if you’re using a credit card you’ll still need to carry some cash – bus drivers and some smaller restaurants and shops don't accept cards.

Credit Cards

All major tarjetas de crédito (credit cards) and debit cards are widely accepted. They can be used for many purchases (including at petrol stations and larger supermarkets, which sometimes ask to see some form of ID) and in hotels and restaurants (although smaller establishments tend to accept cash only).

Exchange Rates

AustraliaA$1 // €0.73
CanadaC$1 // €0.75
Japan¥100 // €0.76
UK£1 // €1.39
New ZealandNZ$1 // €0.70
USUS$1 // € 0.90

For current exchange rates see www.xe.com.

Moneychangers

You’ll find exchange facilities at most air and sea ports on the islands. In resorts and cities that attract swarms of foreigners, you’ll find them easily – they’re usually indicated by the word cambio (exchange). Most of the time, they offer longer opening hours and quicker service than banks, and in many cases they offer better rates. Shop around and always ask from the outset about commission, the terms of which differ from place to place, and confirm that exchange rates are as posted. A typical commission is 3%. Places that advertise ‘no commission’ usually make up the difference by offering poorer exchange rates.

Tipping

Not obligatory but most people at least leave some small change if they’re satisfied; 5% is normally fine and 10% considered generous. Porters will generally be happy with €1. Taxi drivers don’t have to be tipped but a little rounding up won’t go amiss.

Travellers Cheques

Increasingly overlooked by card-wielding travellers, travellers cheques are a dying breed. They should not, however, be written off entirely as they’re an excellent form of backup, especially as you can claim a refund if they’re stolen, providing you’ve kept a separate record of their numbers. Amex, Visa and Travelex cheques are the easiest to cash, particularly if in US dollars, British pounds or euros. Increasingly, banks are charging hefty commissions, though, even on cheques denominated in euros. Whatever currency they are in, travellers cheques can be difficult to exchange in smaller towns. Always take your passport as identification when cashing travellers cheques.