Travel Money in Germany (2024)

<h2><strong>What is the local currency in Germany?</strong></h2><p><span style="font-weight: 400;">The currency of Germany is the Euro (EUR.) One Euro is 0.90 GBP (as of July 3 2020).</span></p><p><span style="font-weight: 400;"></span></p><h2><strong>Do I tip whilst in Germany?</strong></h2><p><span style="font-weight: 400;">In Germany, tipping is accepted and appreciated for exceptional service. However, on most occasions, a ‘round-up’ to the nearest Euro will suffice.</span></p><p><span style="font-weight: 400;">Caxton conducted a study on Tipping etiquette, results for Germany show that a guideline expectation for tipping hotel staff is approximately 3-5 euro tip per day, any tour guides would be an additional 10% added on to the bill, but for bars, restaurants or taxis, a rounding up to the nearest 1, 5 or 10 euros will be enough.</span></p><p><span style="font-weight: 400;">View our </span><a rel="noopener" href="/travel-money/what-you-need-to-know-about-tipping-on-holiday/" target="_blank"><span style="font-weight: 400;">tipping guide</span></a><span style="font-weight: 400;"> for more advice on tipping abroad.</span></p><p><span style="font-weight: 400;"></span></p><h2><strong>Using cash in Germany</strong></h2><p><span style="font-weight: 400;">When travelling, our experts would recommend always bringing a small amount of cash with you on every trip, for initial taxi transfers or hotel deposits etc. The rest of your travel money should be put onto a </span><a rel="noopener" href="/currency-cards/caxton-currency-account/" target="_blank"><span style="font-weight: 400;">Caxton multi-currency card</span></a><span style="font-weight: 400;">, for safe and secure spending.</span></p><p><span style="font-weight: 400;">Cash is no longer king in Germany (even more so after COVID-19,) and almost all establishments accept credit/debit cards.</span></p><p><span style="font-weight: 400;">Most international banks and money outlets now charge a fee for using ATM machines, as do most card providers. Taking a travel pre-paid card and a credit card is recommended as Caxton does not charge for international ATM use regardless of sum or number of times, (but check with your card provider about charges.)</span></p><p><span style="font-weight: 400;">We would recommend still bringing your bank card on your trip as a backup option. However, if you decide to take your bank card, we recommend telling your bank before you go so the transaction isn’t identified as fraudulent, but be prepared for fees and high exchange rates.</span></p><p><span style="font-weight: 400;">All major cards are accepted widely in Germany at key tourist hubs.</span></p><p></p><h2><strong>The price of food and drink in Germany</strong></h2><p>As a rough guideline, we’ve put together a list of the costs of spending an average day in Germany:</p><p>Domestic beer =<span> €2.50</span></p><p>One-way ticket on local transport = one<span>-</span>way fare<span>is approx. €2.80</span></p><p>Meal, inexpensive restaurant =<span> €10.00</span></p><p>Bottle of wine (mid-range) =<span>€5.00</span></p><p>Bottle of water =<span>€2.00</span><span></span></p><h2><span style="font-weight: 400;"><strong><br />What happens if I have my wallet stolen whilst in Germany?</strong></span></h2><p><span style="font-weight: 400;">Germany is known to be a safe country with friendly and helpful people, but this shouldn’t stop you from being smart whilst you travel. If the majority of your cash is on a </span><a rel="noopener" href="/currency-cards/caxton-currency-account/" target="_blank"><span style="font-weight: 400;">prepaid card</span></a><span style="font-weight: 400;">, this will be automatically protected. However, in case the worse happens, here are the list of major debit/credit card ‘lost and stolen’ numbers:</span></p><p><span style="font-weight: 400;">HSBC/First Direct - +44 1442 422929</span></p><p><span style="font-weight: 400;">Natwest - +44 1268 500 813</span></p><p><span style="font-weight: 400;">Lloyds - +44 1702 278270</span></p><p><span style="font-weight: 400;">Barclays - +442476842099</span></p><p><span style="font-weight: 400;">Santander - +44 1908 237 963</span></p><p></p><p><img style="width: 500px; height: 235.33333333333331px;" src="https://media.caxtonfx.com/img/1100401/germany-travel-money-markets.jpg?width=500&amp;height=235.33333333333331" alt="" data-udi="umb://media/a637cf2dfefc476a8a56a8bf70d9f709" /></p><h2><strong>The cost of tourist attractions in Germany</strong></h2><p>Some examples of Germany's most popular tourist attractions are:</p><p><u>Cologne Cathedral:</u>entrance fee €4, concessions €2.</p><p><u>Oktoberfest:</u> Germany's most popular annual beer festival doesn't have an entrance fee, it's free to wander around. However, a particular part of the festival - <span>The “Oide Wiesn”, is separated from the main Wiesn and costs 3 euros entry.</span></p><p><u>Brandenburg Gate:</u><span>Undoubtedly Berlin's most iconic landmark, it's free to see so worth adding to your Berlin bucket-list.</span></p><p><span style="font-weight: 400;"></span></p><h2><strong>What can I do with spare currency in Germany?</strong></h2><p><span style="font-weight: 400;">Whilst in Germany, you may as well spend any remaining Euro, if only small amount, on some traditional German souvenirs, such as:</span></p><ul><li style="font-weight: 400;"><span style="font-weight: 400;">Beer stein</span></li><li style="font-weight: 400;"><span style="font-weight: 400;">Sauerkraut</span></li><li style="font-weight: 400;"><span style="font-weight: 400;">Dirndl or Lederhosen</span></li><li style="font-weight: 400;"><span style="font-weight: 400;">Bratwurst sausage</span></li></ul><p></p><h2><strong>History of the Euro</strong></h2><ul><li style="font-weight: 400;"><span style="font-weight: 400;">The Euro came into existence on 1 January 1999 - though it had been a goal of the European Union since the 1960s. Notes and coins didn’t begin circulation until 2002.</span></li><li style="font-weight: 400;"><span style="font-weight: 400;">Today the euro is the sole currency of 19 EU member states, with the original dozen being joined by: Cyprus, Estonia, Latvia, Lithuania, Malta, Slovakia and Slovenia. These countries constitute the "eurozone".</span></li><li style="font-weight: 400;"><span style="font-weight: 400;">The rise of the Euro in its short lifespan is remarkable with it now being the second-largest reserve currency as well as the second-most traded currency in the world after the United States dollar.</span></li>

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Check out our Travel Money Guides for around the world:

  • Travel Money in Europe: Travel Money in France, Travel Money in Spain, Travel Money in Sweden, Travel Money in Denmark, Travel Money in Austria, Travel Money in Finland, Travel Money in Germany, Travel Money in Greece, Travel Money in Italy, Travel Money in Norway, Travel Money in Portugal, Travel Money in Switzerland, Travel Money in Turkey.
  • Travel Money in North America: Travel Money in the USA, Travel Money in Canada.
  • Travel Money in South America: Travel Money in Argentina.
  • Travel Money in Asia: Travel Money in Thailand, Travel Money in Japan, Travel Money in Oman.
  • Travel Money in Australia and Oceania: Travel Money in Australia.
  • Travel Money in Africa: Travel Money in Cape Verde.

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<p><span style="font-weight: 400;"></span></p><p><span style="font-weight: 400;">Alternatively, if lederhosen isn’t your thing, you can use Caxton’s </span><a rel="noopener" href="/currency-cards/buy-back-guarantee/" target="_blank"><span style="font-weight: 400;">buy back guarantee</span></a><span style="font-weight: 400;"> to get rid of any unused Euro. By doing this you ensure that if the exchange rate moves against you, you won't lose out.</span></p><p><a rel="noopener" href="/the-best-prepaid-currency-card-and-account/" target="_blank"><span style="font-weight: 400;"><img style="width: 500px; height: 125px;" src="https://mediaumbraco.blob.core.windows.net/img/1099354/caxtoncard-promo-banner-02.png?width=500&amp;height=125" alt="" data-udi="umb://media/d2ce56b6d4dd46298f0dcafd9c58b9d8" /></span></a></p>

Travel Money in Germany (2024)

FAQs

Travel Money in Germany? ›

The currency in Germany is the euro. Each euro is divided into 100 cents. When you're buying currency for Germany, look out for the currency code EUR. And once you're in Germany, you'll see the symbol € used to show prices.

Should I exchange money before I travel to Germany? ›

Bottom line. It's completely up to you whether you exchange money before you travel to Europe, or get your euros when you arrive.

What is the best currency to take to Germany? ›

Germany uses the popular euro, so your travel money will stay super simple. It also makes it handy if you're planning to visit Germany's eastern neighbours or head down to Austria (they use euros too).

Is it better to use cash or card in Germany? ›

Unlike the UK, cash is king in Germany. Research has found that even today, cash accounts for up to 60% of all transactions, and is necessary in many smaller shops and restaurants. However, you'll still need access to cards to withdraw cash and pay for larger purchases.

Can I use American dollars in Germany? ›

Establishments in Germany do not accept U.S. dollars as a form of payment. You will need German currency for cash transactions in Germany. In places that do accept physical U.S. dollars, such as hotels, using them may result in very unfavorable exchange rates or additional fees.

Is it cheaper to buy euros in the US or in Europe? ›

In almost every case, euros you can get abroad from an ATM will be cheaper than those you can get back in the States. When buying in advance, get just enough to give you a comfortable cushion and get you through a day's worth of emergency expenses.

Is it better to pay in euros or dollars? ›

The benefits of paying in local currency

Your bank may charge a fee to carry out the transaction. The rate your card provider uses when processing local currency payments will, in most cases, be lower than that of the merchant, or foreign bank, when paying in dollars (USD).

How much is $100 US in German? ›

Convert US Dollar to German Deutsche Mark
USDDEM
100 USD183.373 DEM
500 USD916.865 DEM
1,000 USD1,833.73 DEM
5,000 USD9,168.65 DEM
6 more rows

What is $100 U.S. dollars worth in Germany? ›

US Dollars to Euros: exchange rates today
USDEUR
100 USD93.63 EUR
250 USD234.08 EUR
300 USD280.89 EUR
500 USD468.16 EUR
8 more rows

What is the cheapest way to get euros in Germany? ›

The quickest, easiest and usually cheapest way to exchange money is to use an ATM, called Geldautomat in German. They are ubiquitous in German cities and can be accessed 24/7. They are present at UBahn stations, grocery stores, airports, malls, shopping streets, train station, etc.

Should I buy euros before I go to Europe? ›

Resist the urge to buy foreign currency before your trip.

Some tourists feel like they must have euros or British pounds in their pockets when they step off the airplane, but they pay the price in bad stateside exchange rates. Wait until you arrive to withdraw money.

Do tourists need cash in Germany? ›

Debit cards and major credit cards (American Express, Visa, Mastercard) may often also be used, but smaller shops and cafés might only accept cash payments. Therefore, visitors should always have some euro bills and coins on hand.

What is the best way to pay for things in Germany? ›

Top 4 Payment Methods in Germany

Even though cash continues to be the preferred choice for German consumers, there is still a lot of demand for alternate payment methods, such as credit and debit cards, digital and mobile wallets, and paying on account.

What is the cheapest way to buy euros? ›

What is the cheapest way to get euros in the US? The cheapest way to buy euros in the US is usually online. You'll have a couple of options, depending on what suits your needs: Choose a specialist provider which has multi-currency accounts to support international spending - like Wise or Revolut.

Should I exchange money before I travel? ›

Before your trip, it's best to do a currency exchange at your bank or credit union, which likely offers better rates and fewer and/or lower fees. Your bank or credit union may buy back leftover foreign currency in exchange for dollars when you return.

Where should I get euros for my trip? ›

The best place to exchange foreign currency in the U.S. is at your local bank or credit union before you leave for your trip.

Should I exchange my money before going to Europe? ›

Before your trip, it's best to do a currency exchange at your bank or credit union, which likely offers better rates and fewer and/or lower fees. Your bank or credit union may buy back leftover foreign currency in exchange for dollars when you return.

Is it better to exchange money before Travelling? ›

Convenience and accessibility are key considerations when deciding between exchanging currency at home or abroad. Exchanging currency before your trip offers the convenience of having local currency readily available upon arrival at your destination and you won't need to worry about exchanging currency abroad.

Is it cheaper to exchange currency before travel? ›

Ordering currency from your bank before you travel is almost always better than using the airport currency exchange. Sally French is a travel rewards expert who joined NerdWallet in 2020. She previously wrote about travel and credit cards for The New York Times and its sibling site, Wirecutter.

Should I convert my money before traveling? ›

Because of high currency exchange fees, you should exchange currency before traveling and know where to go to save on the fees once you are abroad. Read the tips below so you can exchange your money at the best rates while saving money on your international trip.

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