Local Currency and Exchange Information

The local currency in Bucharest, Romania is the Romanian Leu (RON). As of October 2023, the exchange rate is approximately 4.5 RON to 1 USD. However, exchange rates can fluctuate, so it’s advisable to check the latest rates before your trip.

Currency exchange services are available at airports, banks, and exchange bureaus (known as case de schimb). While airports offer convenience, they often have less favorable rates. It’s recommended to exchange a small amount of money for immediate expenses upon arrival and then find a better rate in the city.

Payment Methods and Banking Options

Bucharest is a modern city where both cash and electronic payments are widely accepted. Here’s a breakdown of payment methods:

• Credit and Debit Cards: Most establishments, including hotels, restaurants, and shops, accept major credit cards like Visa and MasterCard. However, it's wise to carry some cash for smaller vendors.
• ATMs: ATMs are widely available throughout Bucharest. They accept international cards and dispense RON. Be aware that your bank may charge foreign transaction fees, so check your bank’s policies before using an ATM.
• Mobile Payments: Contactless payments are gaining popularity, and services like Apple Pay and Google Pay are accepted in many places.

Tipping Customs and Payment Etiquette

Tipping in Bucharest is customary but not obligatory. Here are some guidelines:

• Restaurants: A tip of around 10% to 15% of the total bill is appreciated if service is not included.
• Taxis: Rounding up to the nearest whole number is common practice.
• Hotel Staff: Consider tipping porters 5 to 10 RON for handling your luggage, and housekeeping about 5 RON per day.

When paying, it’s polite to hand cash directly to the server or leave it on the table. If using a credit card, you can indicate the tip amount on the receipt.

Cost Considerations and Budgeting Tips

Bucharest is generally considered an affordable destination in Europe, but costs can vary based on your travel style:

• Accommodation: Budget hotels and hostels start at around 100 RON per night, while mid-range hotels may cost between 250 RON and 600 RON.
• Food: A meal at an inexpensive restaurant costs about 40 RON, while a three-course meal for two at a mid-range restaurant may run you 150 RON.
• Transportation: Public transportation is affordable, with a single ticket costing 3.5 RON. Taxis have a starting fare of around 3 RON.

To budget effectively, consider using a daily spending limit based on your trip length and planned activities. Always account for extra costs such as attractions, souvenirs, and unplanned expenses.

Practical Financial Advice for Travelers

• Notify Your Bank: Inform your bank of your travel plans to avoid any issues with card usage abroad.
• Carry Small Denominations: Having small notes and coins on hand is useful for tipping and small purchases.
• Keep Some Cash: While cards are widely accepted, some smaller shops and markets may only take cash.
• Use ATMs Wisely: Withdraw larger amounts less frequently to minimize transaction fees.
• Watch Out for Scams: Be cautious of unofficial exchange bureaus and always count your change before leaving.

By following these guidelines, you can manage your finances effectively and enjoy your trip to Bucharest without financial stress.