Money, Budget, and Shopping in the Canary Islands

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:

Exchange

For those outside the eurozone, banks and exchange bureaus accept major currencies. Banks are usually open until early afternoon on weekdays and sometimes on Saturday mornings. ATMs are also widely available.

Payment Methods

You can pay in cash or by card without any fees for euro-denominated accounts (just like in France).

Budget

More than for many other destinations, the budget needed for a trip to the Canary Islands can vary widely depending on the season, the islands you choose, and especially the type of stay. However, if you travel independently and "locally," you can expect to spend around 45 to 60 € per day per person (for two), though a little extra will always help you enjoy your trip more. Note that for those who prefer upscale hotels or all-inclusive beach holidays, booking a package from home can be financially worthwhile.

What Can Be Expensive

Peak season.

What Doesn’t Have to Cost (Too) Much

Flights, especially in the low season.

The many promotions and special offers for this destination.

Inter-island travel.

Price Range

Budget double room: expect at least 20/25 € for a double in youth hostels or small guesthouses.

Mid-range double room: around 40 to 60 € on average for decent options.

Mid-range restaurant meal:

Inter-island transport: from 20 to 30 € by plane or 15 to 25 € by ferry for the shortest routes.

Budget car rental: small vehicles can be found for 25 to 35 €/day.

Bus fare: around 1 € per 10 km.

Urban taxi: