Local Currency and Exchange Information

The official currency in Cartagena, Colombia is the Colombian Peso (COP). As of October 2023, the exchange rate fluctuates around 1 USD = 4,000 COP, though this can vary, so it's advisable to check the current rate before your trip.

Currency exchange services are widely available at airports, hotels, and local banks. However, exchange rates may vary significantly, so it's best to exchange a small amount of cash for immediate use and then use local banks or ATMs for larger conversions.

Payment Methods and Banking Options

In Cartagena, cash is still king, especially in local markets and small businesses. However, many larger establishments such as hotels, restaurants, and shops accept credit and debit cards. Visa and Mastercard are the most widely accepted, while American Express may be less common.

• ATMs: Widely available throughout the city, ATMs allow for cash withdrawals in Colombian Pesos. Be sure to use machines located in secure areas, such as bank branches or shopping centers.
• Cash Usage: It's advisable to carry small denominations for street vendors, local transportation, and tips. Be aware that some businesses may not accept large bills.

Tipping Customs and Payment Etiquette

Tipping is customary in Cartagena, though not mandatory. Here are some guidelines:

• Restaurants: A tip of 10% to 15% is appreciated. If a service charge is included, you may choose not to tip additional.
• Taxis: It’s common to round up the fare rather than provide a set tip.
• Hotel Staff: Consider tipping bellhops and housekeeping around 1,000 to 5,000 COP depending on the service.

When paying, it’s polite to hand money directly to the server or staff rather than placing it on the table.

Cost Considerations and Budgeting Tips

Cartagena can cater to a variety of budgets. Here’s a rough breakdown of daily expenses:

• Budget Travelers: Approximately 50,000 to 150,000 COP per day for meals, transportation, and activities.
• Mid-Range Travelers: Around 150,000 to 500,000 COP per day, including dining at nicer restaurants and some tours.
• Luxury Travelers: Expect to spend 500,000 COP and above for fine dining, upscale accommodations, and private tours.

To save money, consider dining at local eateries, using public transportation, and participating in free walking tours.

Practical Financial Advice for Travelers

Here are some practical tips to manage your finances effectively while in Cartagena:

• Notify Your Bank: Inform your bank of your travel plans to avoid any issues with card usage abroad.
• Use Local Currency: Always use Colombian Pesos for transactions to avoid unfavorable exchange rates.
• Keep Emergency Cash: Set aside a small amount of cash for emergencies, in case ATMs are unavailable.
• Budget Daily: Keep track of your spending to ensure you stay within your budget and adjust as necessary.

By following these guidelines, you can enjoy your trip to Cartagena without financial stress! Safe travels!