Local Currency and Exchange Information

The local currency in Fuerteventura, which is part of the Canary Islands in Spain, is the Euro (EUR). As of October 2023, the exchange rate for the Euro is approximately 1 EUR = 1.05 USD. However, exchange rates fluctuate, so it's advisable to check the current rates before you travel.

Currency can be exchanged at banks, exchange bureaus, and some hotels, but be aware that hotels may charge a higher fee for currency exchange.

Payment Methods and Banking Options

In Fuerteventura, you'll find several payment methods available:

• Credit and Debit Cards: Most establishments, including restaurants and shops, accept major credit cards such as Visa and Mastercard. However, always check with the merchant to confirm acceptance.
• ATMs: ATMs are widely available throughout the island, and they typically offer good exchange rates. Be cautious of any fees your home bank may charge for international withdrawals.
• Cash: While cards are accepted almost everywhere, it’s a good idea to carry some cash for smaller purchases, such as at local markets or for tips.

Tipping Customs and Payment Etiquette

Tipping in Fuerteventura is generally appreciated but not mandatory. Here are some guidelines:

• Restaurants: A tip of around 5-10% of the bill is customary if you are satisfied with the service.
• Bars and Cafés: Leaving small change or rounding up the bill is common.
• Taxis: It's common to round up to the nearest Euro or add a small tip for good service.

When paying, it is polite to hand cash directly to the server or leave it on the table if you are paying by card.

Cost Considerations and Budgeting Tips

Fuerteventura can be affordable, but costs can vary based on your travel style. Here are some typical expenses:

• Accommodations: Budget options start around €30 per night, while mid-range hotels can range from €70 to €150.
• Meals: A meal at a budget restaurant costs about €10-15, while a three-course meal for two at a mid-range restaurant may cost around €50-70.
• Activities: Expect to pay approximately €20-40 for excursions or water sports.

To manage your budget effectively:

• Consider purchasing a local SIM card for data and navigation instead of relying on international roaming.
• Look for local markets and grocery stores for cheaper food options.
• Utilize public transportation, which is generally affordable and convenient for exploring the island.

Practical Financial Advice for Travelers

Here are some practical tips to help you manage your finances while visiting Fuerteventura:

• Notify Your Bank: Inform your bank of your travel dates to avoid any issues with your credit or debit cards being blocked due to foreign transactions.
• Use a Credit Card with No Foreign Transaction Fees: This can save you money on every purchase made abroad.
• Keep Some Cash on Hand: While cards are widely accepted, having cash can be handy for small purchases and in rural areas.
• Check for ATM Fees: Some ATMs charge fees for withdrawals, so look for ones affiliated with major banks.
• Be Aware of Scams: Always be cautious of overly friendly strangers offering assistance with currency exchange, as this can be a scam.

By following these tips and knowing the local financial landscape, you can enjoy your trip to Fuerteventura without financial stress.