What Is The Currency In Lanzarote?
The currency in Lanzarote is Euros. So as you pack your travel essentials and look forward to an unforgettable vacation, make sure you don’t forget to exchange your money for Euros.
Money is a necessity for an enjoyable holiday, after all.
You will need it when you eat in a restaurant, shop for souvenirs, join an excursion, unwind in the evening, and the long list goes on.
So today, let’s talk about the exchange rates in Lanzarote.
In this article, I’ll help you answer important questions about the island’s exchange rate.
Also, I’m excited to share with you some tips on how to get better exchange rates and therefore save money. Scroll down to read more.
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Do I Need Cash In Lanzarote?
The majority of retailers accept cards but still, I advise you to keep some cash with you to be safe.
Depending on your itinerary and length of stay, a situation may arise when you suddenly need cash.
For instance, public bus drivers only take cash and the top-up contactless bus card.
There are many ATMs throughout the island that accept the majority of European and American credit cards where you can withdraw cash.
Is It Better To Buy Euros In UK Or Lanzarote?
It’s cheaper to exchange in Lanzarote than in the UK. And because of that, it’s ideal and better to buy Euros on the island.
How Many Euros Can I Take To Lanzarote?
There are no limits as to how much Euros you can take to Lanzarote.
But please keep in mind that you have to declare amounts exceeding €10,000 or equivalent if you travel to or from a non-member country of the European Union.
Can You Use Your Debit Card In Lanzarote?
Almost all shops and establishments on the island accept cards as payment, so rest assured that you can use your debit card in Lanzarote.
A friendly reminder—whenever you use your card as payment and the cashier asks you if you want to pay in Pounds or Euros, always choose Euros.
Opting to pay in Euros (local currency) allows your bank to do the exchange rates and lets you get the global interbank exchange rate (best available rate).
Can I Use Revolut Card In Lanzarote?
Yes, you can use your Revolut card in Lanzarote. Almost all shops, bars, and restaurants accept Revolut cards as payment.
It’s very rare to encounter an establishment that would refuse Revolut.
Using this prepaid multi-currency card that automatically does the exchange at a better rate is cheaper and way more convenient for travelers.
Is It Best To Take Cash Or Card To Lanzarote?
Cards are likely to give you a more hassle-free experience in terms of making payments and exchanging rates than cash.
With a few taps, you can easily review your previous transactions and monitor your spending since most cards have corresponding mobile apps.
This convenience makes cards the best option when traveling to Lanzarote.
But again, it would never hurt to bring a small amount of cash, just in case.
Where Is The Best Place To Exchange Your Money In Lanzarote?
It seems better and quicker to exchange your money at airport kiosks and tourist centers but avoid it as much as possible.
These places often have poor exchange rates and additional fees.
You’re bound to get a bad deal.
Heading to ATMs that support your card’s payment network (e.g. Visa) is your best bet to withdraw cash in Euros with competitive exchange rates and relatively low fees.
On the other hand, if you’re opting to use your debit/credit/prepaid card, you’re unlikely to encounter any exchange rate issue as long as you choose the local currency when asked for payment.
Don’t forget to contact your bank in advance and let them know you’re abroad to avoid freezing your card or possible suspected fraud.
And if it happens that you brought cash with you on holiday, the best place to exchange it isn’t in the airport, but at the local shops that offer good competitive exchange rates.
There are plenty around Lanzarote and they are safe and good value.
Make sure you ask if they are charging a fee, but most don’t.
Final Thoughts
Money matters in any holiday vacation, a trip to Lanzarote included.
So if you’re someone who prefers to keep the overall travel cost at a minimum, knowing all about the exchange rates will save you from unnecessary expenses.
I hope you found this blog post helpful. Don’t forget to Pin it and share it with your travel buddies.
Enjoy your trip, and safe travels!