Local Currency and Exchange Information

The local currency in Kathmandu, Nepal is the Nepalese Rupee (NPR). As of October 2023, the exchange rate is approximately 1 USD to 130 NPR, but this can fluctuate. It is advisable to check the current rates before traveling.

Currency exchange can be done at:

• Airport exchange counters: Convenient but may offer less favorable rates.
• Banks: Offer reliable exchange rates, but may charge a small fee.
• Local exchange bureaus: Often provide competitive rates and lower fees.

Payment Methods and Banking Options

While cash is the most widely used method of payment in Kathmandu, several other options are available:

• ATMs: Widely available in urban areas; however, they may not always dispense cash in smaller denominations. Look for ATMs affiliated with international networks like Visa and Mastercard.
• Credit and Debit Cards: Accepted at major hotels, restaurants, and shops, but be prepared for potential service fees. Visa is more widely accepted than Mastercard.
• Mobile Payments: Increasingly popular, with services such as e-Sewa and Khalti gaining traction, especially among the younger population.

Tipping Customs and Payment Etiquette

Tipping is appreciated in Kathmandu, though not mandatory. Here are some guidelines:

• Restaurants: A tip of 10% is customary if service is not included.
• Guides and Drivers: Consider tipping around NPR 500-1000 for a full-day service.
• Hotel Staff: Small tips for bellboys (NPR 50-100) and housekeepers (NPR 100-200) are appreciated.

When paying, it is polite to hand over cash with your right hand or both hands, as using the left hand is considered impolite.

Cost Considerations and Budgeting Tips

Kathmandu is generally affordable for travelers, but budgeting is essential. Here are some cost considerations:

• Accommodation: Ranges from NPR 1,000 for budget hostels to NPR 10,000+ for luxury hotels.
• Meals: Street food can cost as little as NPR 100, while mid-range restaurants may charge around NPR 500-1,500 per meal.
• Transportation: Local buses and microbuses are cheap (NPR 20-50), but taxis may charge higher rates; always negotiate or ensure the meter is used.

Tip: Set a daily budget and keep track of your expenses to avoid overspending.

Practical Financial Advice for Travelers

To manage your finances effectively while in Kathmandu, consider the following tips:

• Carry Small Denominations: It’s common for vendors to have limited change, so carry smaller bills.
• Avoid Currency Exchange at Hotels: They often provide less favorable rates compared to local banks and exchange bureaus.
• Inform Your Bank: Notify your bank of your travel plans to avoid any issues with card transactions.
• Emergency Cash: Keep a small stash of cash for emergencies, as not all places accept cards.
• Stay Aware of Scams: Be cautious of overly friendly locals offering unsolicited help; always confirm prices beforehand.

By following these tips and staying informed, you can manage your finances effectively while enjoying your trip to Kathmandu.