Local Currency and Exchange Information

The local currency in Ghent, Belgium, is the Euro (EUR). As of the latest data, the exchange rate is approximately 1 EUR = 1.07 USD, but this can fluctuate, so it’s advisable to check current rates before your trip.

Currency exchange can be done at banks, currency exchange offices, and some hotels. However, ATMs generally offer better rates and lower fees. Most ATMs in Ghent accept international cards, allowing you to withdraw Euros directly.

Payment Methods and Banking Options

In Ghent, credit cards (Visa and MasterCard) are widely accepted, especially in hotels, restaurants, and shops. However, smaller establishments may prefer cash, so it’s wise to carry some Euros on hand.

• ATMs: Look for ATMs affiliated with major banks like KBC or BNP Paribas for reliable service.
• Contactless Payments: Mobile payment methods (e.g., Apple Pay, Google Pay) are increasingly popular.
• Banking Hours: Banks typically operate from 9 AM to 4 PM, Monday to Friday.

Tipping Customs and Payment Etiquette

Tipping in Ghent is not obligatory, but it is appreciated. Here are some general guidelines:

• Restaurants: A tip of 5-10% of the bill is standard if service is not included.
• Cafés and Bars: Rounding up the bill or leaving small change is common.
• Taxis: A 5% tip is appreciated but not required.

When paying, it’s polite to say “Dank u wel” (Thank you) to the server or cashier.

Cost Considerations and Budgeting Tips

Ghent is generally considered an affordable city compared to other Western European destinations. Here are some cost considerations:

• Accommodation: Expect to pay between €70-150 per night for mid-range hotels.
• Food: A meal at a mid-range restaurant can cost around €15-30.
• Public Transport: A single ticket for trams and buses is approximately €3.

To save money, consider purchasing a Ghent Card, which offers free access to many attractions and public transport for a set duration.

Practical Financial Advice for Travelers

• Notify Your Bank: Inform your bank about your travel plans to avoid any issues with card usage.
• Avoid Airport Exchanges: Currency exchange services at airports usually have unfavorable rates.
• Keep Emergency Cash: Always keep a small amount of cash for emergencies or places that don’t accept cards.
• Track Your Spending: Use budgeting apps to manage your travel expenses effectively.

Overall, Ghent is a vibrant city with a rich cultural heritage, making it an excellent choice for travelers and digital nomads seeking both adventure and a stable environment for work. With proper financial planning, you can enjoy all that this beautiful city has to offer without breaking the bank.