The Canaries use the Spanish currency of the euro (€1 EUR). Since the euro to U.S. dollar exchange rate fluctuates often, be sure to. Major credit cards are accepted at most restaurants and shops.
The legal tender used in Tenerife is the euro. If you are travelling from a country outside the eurozone, you will be able to change money by showing your passport at a number of exchange offices located in tourist areas, which tend to charge comparatively lower commission rates than elsewhere.
Tenerife being part of Spain, allows you to use your iD plan inclusive EU roaming feature, which lets you roam like at home in 50 destinations throughout the EU, EEA and beyond.
Budget-Friendly Travel Planning. How much money will you need for your trip to Tenerife? You should plan to spend around €128 ($137) per day on your vacation in Tenerife, which is the average daily price based on the expenses of other visitors.
Eating out doesn't have to be expensive in Tenerife (although you can definitely find some restaurants suitable for fine dining and even Michelin stars restaurants). Menu del Dia in Santa Cruz de Tenerife - starting at 7.5€, including a starter, main dish, and drink.
Do you need cash for taxis in Tenerife? Waiting around for a taxi is a thing of the past as you can simply open the SIXT app on your phone and order your taxi in just a few steps. There's no need to have cash on you to pay for your ride, as the fare will simply be charged to the credit card linked to your account.
UP to 10,000 euros without declaring. Whether you are travelling with euros or with the currency of another country, the limit is 10,000 euros or equivalent. Above this amount, you will have to submit a declaration to the customs services.
Canary Islands Currency: What you should bringThe currency used in the Canary Islands is Euros, which is what is used in most of Europe. 1 British Pound is equivalent to 1.1 Euros so it shouldn't be too hard to convert. Knowing how much cash you should bring depends on your length of stay and your itinerary.
This rule applies to all the Canary Islands, meaning that there's no tourist tax in either Tenerife, Gran Canaria, Fuerteventura, Lanzarote, La Gomera, La Palma, El Hierro, or La Graciosa.
How much money can I take with me to Spain? UP to 10,000 euros without declaring. Whether you are travelling with euros or with the currency of another country, the limit is 10,000 euros or equivalent.
Areas to AvoidBecause of its volcanic background, most beaches in Tenerife are volcanic with black sand which can be hot under the feet. If you're after a traditional sandy beach head to Los Cristianos and leave the southern resorts alone. Playa la Arena is also notorious for pickpockets.
Tenerife being part of Spain, allows you to use your iD plan inclusive EU roaming feature, which lets you roam like at home in 50 destinations throughout the EU, EEA and beyond. Any minutes, texts and data you use in Tenerife come out of your plan's monthly allowances (subject to our fair usage & open data policies).
You will need some cash. Small businesses have credit/debit card minimums, especially at markets like La Boquería and Santa Caterina. Consider ordering some euros to pick up at your local branch before your trip. Some banks will have fees attached, others might just exchange the money at the official rate of the day.
You might also notice that some small shops accept cards only for purchases above a certain amount, normally 10 euros. Also taxis usually take cards, but some do not or simply do not want to take anything other than cash. For these reasons, it is advisable to always carry a little bit of cash with you.
Conclusion. If you are in Spain (no matter what country you are from), you must carry a valid ID card or passport at all times, and failure to do so could see the police detain you temporarily whilst they ascertain your identity, and furthermore, it is within their rights to issue a fine.