Currency

Euro (€)

Daily Costs

Budget: Less than €80

  • Dorm bed: €20–30
  • Double room in hostal (budget hotel): €50–65 (€60–75 in Madrid, Barcelona and Balearics)
  • Self-catering and lunch menú del día (set menu): €10–15

Midrange: €80–175

  • Double room in midrange hotel: €65–140 (€75–200 in Madrid, Barcelona and Balearics)
  • Lunch and/or dinner in local restaurant: €20–40
  • Car rental: per day from €25

Top end: More than €175

  • Double room in top-end hotel: €140–200 and up
  • Fine dining for lunch and dinner: €150–250
  • Double room in parador: €120–200

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

ATMs widely available. Credit cards accepted in most hotels and restaurants.

Further Information

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

Many credit and debit cards can be used for withdrawing money from cajeros automáticos (ATMs) that display the relevant symbols such as Visa, MasterCard, Cirrus etc. There is usually a charge (around 1.5% to 2%) on ATM cash withdrawals abroad.

Cash

Most banks and building societies will exchange major foreign currencies and offer the best rates. Ask about commissions and take your passport.

Credit & Debit Cards

These can be used to pay for most purchases. You'll often be asked to show your passport or some other form of identification. Among the most widely accepted are Visa, MasterCard, American Express (Amex), Cirrus, Maestro, Plus and JCB. Diners Club is less widely accepted. If your card is lost, stolen or swallowed by an ATM, you can call the following (mostly freecall) telephone numbers to have an immediate stop put on its use: Amex, Diners Club, MasterCard and Visa.

Exchange Rates

AustraliaA$1€0.67
CanadaC$1€0.68
Japan¥100€0.76
New ZealandNZ$1€0.61
UKUK£1€1.12
USUS$1€0.85

For current exchange rates, see www.xe.com.

Moneychangers

You can exchange both cash and travellers cheques at cambio (exchange) offices. Generally they offer longer opening hours and quicker service than banks, but worse exchange rates and higher commissions.

Tipping

Tipping is almost always optional.

  • Restaurants Many Spaniards leave small change, others up to 5%, which is considered generous.
  • Taxis Optional, but most locals round up to the nearest euro.
  • Bars It’s rare to leave a tip in bars (even if the bartender gives you your change on a small dish).

Travellers Cheques

Does anyone still us these? If you do, travellers cheques can be changed at most banks and building societies, often with a commission. Visa, Amex and Travelex are widely accepted brands with (usually) efficient replacement policies. It’s vital to keep your initial receipt, and a record of your cheque numbers and the ones you have used, separate from the cheques themselves.