Portugal Money
Currency
Euro (EUR; symbol €) = 100 cents. Notes are in denominations of €500, 200, 100, 50, 20, 10 and 5. Coins are in denominations of €2 and 1, and 50, 20, 10, 5, 2 and 1 cents.
Currency Exchange
Many banks offer differing exchange rates depending on the denominations of Portuguese currency being bought or sold. It is common practice for banks to charge 0.5% commission with a minimum charge of approximately €10. However, some banks do not charge any commission on transactions of less than €25. Check with banks for details and current rates. Additionally, ATMs, identified by the symbol MB (MultiBanco), are widely available and only charge 1 to 2% commission. There are also many bureaux de change.
Credit/Debit Cards and ATMs
American Express, MasterCard and Visa are widely accepted.
Traveller's Cheques
These are readily exchanged. To avoid additional exchange rate charges, travellers are advised to take traveller's cheques in Euros.
Banking Hours
Generally, Mon-Fri 0830-1500 (certain banks in Lisbon are open until 1800).
Exchange Rate Indicators
| 1.00 GBP = 1.14 EUR |
| 1.00 USD = 0.73 EUR |
| Currency conversion rates as of 9 February 2010 |
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