What currency is used in Tenerife?

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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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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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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The southern municipalities of Adeje and Arona saw the highest demand for real estate on Tenerife in 2022. Prices here also continued to rise. With average asking prices of just under 4,000 euros/m2, Costa Adeje and Playa de las Américas are the most expensive areas in the Canary Islands.

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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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Only the most remote restaurants and bars won't have a card reader. Mind you, you'll often find that some shops and restaurants prefer cash for small purchases. So, it's always useful to carry a few euros to help with budgeting and emergencies.

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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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While meal prices in Tenerife can vary, the average cost of food in Tenerife is €39 per day. Based on the spending habits of previous travelers, when dining out an average meal in Tenerife should cost around €15 per person.

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There are restaurants to match every budget in Tenerife: you can still find three course Menu del Día lunch menus with a drink for less than €10 and Full English Breakfasts for less than €3, but also pay €150+ for a meal for two in one of the island's many fine dining restaurants.

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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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A sleeve of 200 just under €30 from local supermarkets. Local brands, made from black tobacco, are considerably cheaper. About 30 Euro for 200. Backi (Amber leaf) is anything from 6.50 - 7.00 Euros for 50g.

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Areas to Avoid Because 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.

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What souvenirs to buy in Tenerife. Besides the usual key rings, badges, fridge magnets, dolls dressed in traditional costume and beach towels printed with the map of Tenerife, the island also boasts quality products that can also make perfect souvenirs.

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Costa Adeje Tenerife, despite being relatively new, is one of the most popular resorts on the island. Two beaches and a great variety of food and entertainment should leave everyone satisfied. Puerto de la Cruz would be the choice for those looking to experience what the island of Tenerife really is about.

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Bottom Line: The Best Debit Cards for International Travel in 2023
  • Revolut: Best overall US debit card for international travel.
  • Chime: US digital account without foreign transaction fees.
  • Wise: Multi-currency account with most currency options.
  • Capital One 360: Best US bank for international transactions.


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Currency exchange shops and kiosks in airports are not the best places to exchange money. For the best rates, try a local bank or a bank ATM to make your currency exchanges. Check to see if your U.S. bank offers foreign ATM fee refunds for using a foreign ATM.

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