Local Currency and Exchange Information

The local currency in Las Palmas de Gran Canaria is the Euro (€). As of October 2023, the exchange rate is approximately 1 USD to 0.93 EUR. However, exchange rates can fluctuate, so it’s advisable to check rates before your trip.

Currency exchange services are readily available at airports, banks, and exchange offices throughout the city. It’s recommended to avoid exchanging money at hotels due to less favorable rates.

Payment Methods and Banking Options

Credit and debit cards are widely accepted in Las Palmas, especially Visa and Mastercard. Most restaurants, shops, and hotels will allow you to pay with cards, making it convenient for travelers.

• ATMs: ATMs are readily available and can be found in various locations, including airports, shopping centers, and street corners. Most ATMs accept foreign cards.
• Cash Usage: While card payments are common, carrying some cash is advisable for smaller establishments, markets, or places that may have a minimum charge for card transactions.
• Banking Services: Major banks such as Banco Santander, BBVA, and CaixaBank provide services for travelers, including currency exchange and account services.

Tipping Customs and Payment Etiquette

Tipping in Las Palmas is appreciated but not mandatory. Here are some guidelines:

• Restaurants: Leaving a tip of 5-10% of the bill is customary if service is not included.
• Bars and Cafés: Rounding up the bill or leaving small change is common.
• Taxis: It’s customary to round up the fare to the nearest Euro.

When paying, it’s polite to hand your payment directly to the server or cashier rather than placing it on the counter.

Cost Considerations and Budgeting Tips

The cost of living in Las Palmas is generally lower than in mainland Spain. Here are some cost considerations:

• Meals: Expect to pay around €10-€15 for a mid-range meal per person.
• Public Transport: A single bus ticket costs approximately €1.40, while a 10-ride pass is around €10.
• Accommodation: Prices for hotels can range from €50 to €150 per night, depending on the season and location.

To budget effectively, plan your daily expenses and set a daily limit. Consider using a travel budgeting app to track your spending.

Practical Financial Advice for Travelers

To ensure a smooth financial experience in Las Palmas, keep the following tips in mind:

• Notify Your Bank: Inform your bank of your travel plans to avoid any issues with card usage abroad.
• Use Credit Cards Wisely: Use credit cards that do not charge foreign transaction fees to save on costs.
• Emergency Cash: Keep an emergency stash of cash in a safe place separate from your wallet.
• Stay Informed: Regularly check the current exchange rates to ensure you are getting a fair deal when exchanging money.

By following these guidelines, you can manage your finances effectively while enjoying all that Las Palmas de Gran Canaria has to offer.