Local Currency and Exchange Information

The local currency in Pokhara, Nepal, is the Nepalese Rupee (NPR). As of October 2023, the exchange rate is approximately 1 USD to 132 NPR, but this can fluctuate. It is advisable to check current rates before your trip.

Exchange services are available at banks, exchange bureaus, and international airports. It is generally recommended to exchange a small amount of cash upon arrival for immediate expenses, such as transportation and meals.

Payment Methods and Banking Options

ATMs

ATMs are widely available in Pokhara, especially in tourist areas. Most ATMs accept international cards, but be aware of withdrawal fees. It’s advisable to use ATMs that are affiliated with major banks to ensure security and access to cash.

Credit and Debit Cards

While credit cards are accepted in many hotels, restaurants, and shops, some smaller establishments may only accept cash. Visa and Mastercard are the most commonly accepted. Always check with the establishment before making a purchase.

Cash Usage

Cash is still the preferred method of payment in many local markets, small restaurants, and for transportation. Carrying a mix of cash and cards is advisable for convenience.

Tipping Customs and Payment Etiquette

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

• Restaurants: A tip of 10% is customary if a service charge is not included.
• Taxi Drivers: Rounding up the fare is common.
• Guides and Porters: Tipping depending on your satisfaction with the service is encouraged, generally around NPR 200-500 for a day’s service.

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

Cost Considerations and Budgeting Tips

The cost of living in Pokhara is relatively low compared to Western standards. Here’s a breakdown of common expenses:

• Accommodation: Budget hotels range from NPR 1,000 to NPR 3,000 per night.
• Meals: Local meals cost between NPR 200 to NPR 800, while international cuisine can be higher.
• Transportation: Local taxis and buses are inexpensive, usually costing NPR 100 to NPR 400 for short distances.

To budget effectively, consider allocating about NPR 3,000 to NPR 5,000 per day for a comfortable experience, including meals, accommodation, and activities.

Practical Financial Advice for Travelers

Here are some practical tips to manage your finances while traveling in Pokhara:

• Notify Your Bank: Inform your bank of your travel plans to avoid any issues with card transactions.
• Use Local Currency: Always pay in NPR to avoid unfavorable exchange rates.
• Keep Small Change: Carry small denominations for easy transactions, especially in markets and local shops.
• Emergency Cash: Have a backup source of cash or a secondary card in case of loss or theft.

By following these tips, you can ensure a smooth financial experience while enjoying your time in Pokhara.