Local Currency and Exchange Information

The local currency in Varna, Bulgaria is the Bulgarian Lev (BGN). As of October 2023, the exchange rate is approximately 1 BGN = 0.55 USD and 1 BGN = 0.51 EUR. It's advisable to check the latest rates before traveling, as they can fluctuate.

Currency exchange services are widely available at banks, exchange offices, and at the airport. However, be cautious of high fees and unfavorable rates at exchange kiosks in tourist areas. It's generally better to exchange money at banks or use ATMs for better rates.

Payment Methods and Banking Options

In Varna, credit and debit cards are widely accepted, especially in hotels, restaurants, and stores. Major cards like Visa, MasterCard, and American Express are commonly used.

• ATMs are readily available throughout the city, and most accept foreign cards.
• ATMs typically offer the option to withdraw in both BGN and your home currency, but it is recommended to choose BGN to avoid unfavorable conversion rates.
• For travelers who prefer cash, withdrawing from ATMs is often more cost-effective than exchanging cash at kiosks.

Tipping Customs and Payment Etiquette

Tipping is common in Varna, and it is generally expected to tip around 10% to 15% in restaurants if the service is satisfactory. Here are some tips regarding tipping:

• In cafes and bars, rounding up the bill is appreciated.
• For taxi drivers, it’s customary to round up to the nearest whole number.
• In hotels, consider tipping porters and housekeeping staff a small amount for good service.

When paying the bill at restaurants, you can hand the tip directly to the server or leave it on the table. Always check if a service charge has already been included in your bill.

Cost Considerations and Budgeting Tips

Varna is relatively affordable compared to many Western European cities. Here are some typical costs to consider:

• A meal at an inexpensive restaurant: 10 - 20 BGN
• A mid-range three-course meal for two: 50 - 80 BGN
• A local beer: 2 - 4 BGN
• Public transportation ticket: 1.20 BGN

For budgeting, consider the following tips:

• Set a daily budget based on your planned activities to manage expenses effectively.
• Take advantage of local markets and street food for affordable and authentic dining experiences.
• If you plan to use public transport, consider purchasing a daily or weekly pass.

Practical Financial Advice for Travelers

To ensure a smooth financial experience while in Varna, keep these practical tips in mind:

• Notify your bank of your travel dates to avoid any issues with card transactions.
• Carry a small amount of cash for small purchases, as not all places accept cards, especially in rural areas.
• Be aware of your surroundings when withdrawing cash from ATMs and choose machines in well-lit, busy areas.
• Keep a backup payment method, such as a second credit card or travel money card, in case of loss or theft.

By following these guidelines, you can manage your finances effectively and enjoy your visit to Varna without any financial stress.