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Canary Islands - Money & Costs

Money & Costs in Canary Islands

Bringing in the fishing nets off Playa Blanca, Isla de Lanzarote Currency: Euro
  • Budget: US$3-5
  • Mid-range: US$5-20
  • High: US$20+

  • Lodging
  • Budget: US$20-30
  • Mid-range: US$30-50
  • High: US$50+

  • Daily living costs are marginally lower than those in Europe, and budget travellers could manage on about US$40 a day. You would have to share rooms at the cheapest pensiones and apartments, eat only one restaurant meal a day (a cheap one), and get around slowly on foot, local bus and ferry. Flying soon burns a hole in your pocket. A more comfortable budget would be US$60-100 a day, which would allow you to move up a little in the accommodation stakes, eat more comfortably and possibly include a few days' car hire. The sky's the limit if you have no budget; you can spend US$30 or more on a halfway decent meal, stay in international hotels, fly everywhere between islands, go on tours and then eat baked beans for the rest of the year.

    You're best off carrying your money as travellers cheques and plastic, with plastic probably nudging ahead as the best way to spend. There are plenty of exchange offices throughout the islands, and most hard currencies are widely accepted, although the New Zealand dollar could pose problems. It's not a bad idea to get your cheques in large amounts to save on per-cheque commission charges. Major brands of credit cards are widely accepted, and if you can, try to take more than one card, and try to keep them separate in case of theft or loss.

    Tipping is a matter of personal choice in restaurants. If you're satisfied with the service, leave some small change - 5% is usually plenty. The only places you may be able to bargain are markets, although even there fixed prices are generally the rule. You may be able to bargain in some cheap hotels, where you might be able to negotiate a price for a long stay.

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