Money, Budget, and Shopping for Sri Lanka

Money

Currency

Currency: Sri Lankan rupee (100 cents).

Notes: 20, 50, 100, 200, 500, 1,000, 2,000, and 5,000 rupees.

Coins: 1, 2, 5, and 10 rupees.

Exchange:

Exchange

Generally, in Sri Lanka’s cities and tourist areas, it’s easy to exchange money at banks, exchange bureaus, and even some shops that handle such transactions. There are also ATMs where you can withdraw cash, but be mindful of the fees, which can add up over time if you’re not careful.

Which currency to bring

If you’re coming from the eurozone, the best option is to bring euros, which are widely accepted and easy to exchange in the country.

Payment methods

Sri Lanka is one of those countries where both cash and card payments are common. Small bills are essential for daily expenses like markets, tuk-tuks, and small restaurants, while cards are more useful in supermarkets and tourist facilities.

That said, like in other countries, a QR code-based virtual payment system is emerging, but it’s not yet widely used by visitors since it relies on local banking apps.

Returning home

Since the Sri Lankan rupee isn’t easily exchangeable outside the country, it’s best to spend it all before leaving.

Budget

Sri Lanka remains an affordable destination for travelers, offering excellent value for money. For a backpacker-style trip, you can expect a budget of 35 to 50 € per day (for two) if you stick to local accommodations, transport, and dining. For more comfort and flexibility, budget around 50 to 60 € per day. Keep in mind that entrance fees to attractions can add up, as foreigner rates are often higher.

What can be expensive

Entry fees to cultural sites (7 or 8 € for a temple, 30–35 € for major sites), which can significantly impact your budget—especially since there’s no longer a discount pass for tourists.

Alcohol and imported products in general.

Private transport, such as a car with a driver.

Certain activities like hot-air ballooning, surfing, and even yoga, which are often priced for foreign visitors.

Tuk-tuks, if you don’t negotiate fares well.

What can be inexpensive

Sleeping, eating, and traveling like a local.

Trains, which are cheap and a great experience.

Nature sites, which are mostly free to access, even the popular ones.

Price range

Budget double room: 15–20 € in a homestay or small guesthouse.

Mid-range double room: For 35 to 50 €, you’ll find quality accommodations.

Snacks/meals at local spots: 2 or 3 € at markets, street stalls, or local eateries.

Meals at tourist restaurants: 12 to 15 € for a full meal.

Car with driver: 60 to 80 € per day, depending on the route and vehicle.

Local bus: Around 2 or 3 € per 100 km.

Express/comfort bus: Nearly double the price of standard buses.

Train: Among the cheapest in the world, from about 1 € per 100 km in 3rd class to 5 € in 2nd and 10 € in 1st.

Tuk-tuk: 2 or 3 € per ride in cities and suburbs.

Bargaining and tipping

In Sri Lanka, bargaining and tipping are part of the local economy. You can negotiate prices at markets, souvenir shops, and with tuk-tuk drivers (unless they use fare apps). This can save you a quarter to a third of the initial price.

Tipping isn’t mandatory but is expected from tourists. In tourist restaurants, add 10% to the bill unless it’s already included. Tip hotel staff 0.5 to 1 €, and private guides or drivers 5 or 6 €. Round up tuk-tuk fares to the nearest hundred rupees. Don’t forget to leave 50 or 100 rupees for the "shoe keepers" at temple entrances.

Shopping and souvenirs

Beyond tea and spices (cinnamon, pepper, curry), which the island is famous for, you can bring back gemstone jewelry (buy from shops, not street vendors), textiles and batik fabrics, traditional masks, and local handicrafts. For something unique, consider paper or notebooks made from elephant dung. All of these can be found and negotiated at markets and small shops.