How much money do you need in Tenerife?

How much money will you need for your trip to Tenerife? You should plan to spend around €128 ($136) per day on your vacation in Tenerife, which is the average daily price based on the expenses of other visitors. Past travelers have spent, on average, €39 ($41) on meals for one day and €60 ($63) on local transportation.



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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.

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In the capital and places which are not usually touristy, you will find this kind of offer only during weekdays. Cost of beer - 1.5€ to 4€ in most places. You can still find beachfront bars that serve a 1.5€ pint of beer!

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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.

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Past travelers have spent, on average, €39 ($41) on meals for one day and €60 ($63) on local transportation. Also, the average hotel price in Tenerife for a couple is €106 ($112). So, a trip to Tenerife for two people for one week costs on average €1,795 ($1,898).

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Credit and debit cards are accepted all over Tenerife, or you could use a travel money card for extra security and easier budgeting.

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Tips are not expected in Tenerife, but they are highly appreciated. If you liked the service that a driver provided, anything between 5% - 10% is more than enough.

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Bar prices in Tenerife Irish bars tend to be a bit more expensive, with local beers costing about €4, and Guinness about €5. Gin and Tonics cost from €5.50 upwards (depending on the gin), with similar prices for a local Rum and Coke. A glass of wine typically costs about €3.50 and alcopops start at about €3.

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Alcohol. A maximum of 9 litres of sparkling wine, fortified wine (for example port, sherry) and other alcoholic drinks up to 22% alcohol (not including beer or still wine).

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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.

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Canary Islands Currency: What you should bring The 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.

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Tips are not expected on your all inclusive Tenerife holiday, but if you appreciate the service and would like to show your gratitude, a small tip will be warmly appreciated.

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You must declare at customs any money, negotiable instruments or securities worth more than €10,000 (or the equivalent value in a foreign currency) per person (you must complete a Statement of payment methods S-1 to be submitted to the customs service).

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All the shops in the main resorts sell 10 x 50g for €74.00. At the airport (Tenerife South) when you arrive you can buy at the Duty Free shop for €77.10, to buy from the Duty Free shop on departure the price is €74.00, same price as the shops sell it at in the main resorts.

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Tenerife has a lively nightlife, with plenty of clubs staying open until 4-6 am. These clubs usually don't open until around 10 pm but if you're in the mood for a drink a bit earlier, there are loads of bars open all day long.

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