last edited Dec 11, 2019
Money, budget and shopping for Madeira
Location Map of Madeira
Madeira
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Money
Currency
- Currency: Euro (100 cents).
- Notes: 5, 10, 20, 50, 100, 200 and 500 €.
- Coins: 1, 2, 5, 10, 20 and 50 cents + 1 and 2 €.
- Exchange:
It was on 1 January 2002 that the euro replaced the escudo, which had been the currency of Madeira and Portugal since 1911.
Exchange
For those not in the Eurozone, banks (often open from 8:30 am to 3:00 pm on weekdays) and exchange bureaus accept the main currencies. ATMs are also widely available.
Payment methods
You can, of course, pay in cash or by card (with no fees for euro accounts), just like in France.
Budget
What can be expensive
What doesn’t have to be expensive
Price range
- Double room in a budget hotel:
- Double room in a mid-range hotel:
- Snacks, local restaurant meal:
- Meal in a tourist restaurant:
- Budget car rental:
- 50 km by bus:
- Taxi:
Bargaining and tipping
Shopping and souvenirs
What to bring back
Madeira is world-famous for its wine of the same name, so this is the perfect opportunity to buy some and sample the different varieties. You might also pick up some embroidery or basketry as island souvenirs.