Galway

Currency in Galway, Ireland

1. Currency Used

• The official currency of Ireland, including Galway, is the Euro (€), abbreviated as EUR.
• The Euro is used across 20 European Union countries, making it convenient for travelers visiting other parts of Europe.

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2. Denominations of the Euro

Euro Notes (Banknotes):

• Euro banknotes come in the following denominations:
  • €5, €10, €20, €50, €100, €200, and €500.
• Notes are uniform across all Eurozone countries, but they differ in size and color for easy identification.
• The €500 note is rarely used in daily transactions and may not be accepted in some shops or businesses.

Euro Coins:

• Euro coins are available in the following denominations:
  • €1 and €2 (coins).
  • 1, 2, 5, 10, 20, and 50 cents.
• Coins have a common design on one side and a country-specific design on the other. Irish coins feature a harp, a national symbol of Ireland.

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3. Exchange Rates

• Exchange rates fluctuate daily based on global currency markets. As of October 2023, the approximate exchange rates are:
  • 1 USD ≈ 0.95 EUR
  • 1 GBP ≈ 1.15 EUR
  • 1 AUD ≈ 0.60 EUR
• Check the current exchange rate before traveling using reliable sources like banks, currency exchange websites, or apps.

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4. Where to Exchange Money in Galway

Banks:

• Banks in Galway, such as Bank of Ireland, AIB (Allied Irish Banks), and Permanent TSB, offer currency exchange services.
• Banks typically provide competitive exchange rates but may charge a small fee for the service.
• Opening hours are usually 9:30 AM to 4:30 PM, Monday to Friday (some branches may close earlier on Fridays).

Currency Exchange Offices:

• Dedicated currency exchange offices, such as No1 Currency or Bureau de Change, are available in Galway.
• These offices may have slightly higher fees or less favorable rates compared to banks, so compare rates before exchanging.

ATMs:

• ATMs are widely available throughout Galway and are a convenient way to withdraw Euros directly using your debit or credit card.
• Look for ATMs operated by major banks to avoid excessive fees.
• Be aware of foreign transaction fees and currency conversion fees charged by your home bank.

Airports:

• Currency exchange services are available at Shannon Airport or Dublin Airport (if you’re arriving there before heading to Galway). However, airport exchange rates are often less favorable, and fees may be higher.

Hotels:

• Some hotels in Galway may offer currency exchange services, but rates are typically less competitive than banks or ATMs.

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5. Costs and Fees Involved

• Exchange Fees: Banks and exchange offices may charge a flat fee (e.g., €3–€6) or a percentage of the amount exchanged (e.g., 1–3%).
• ATM Fees: Irish ATMs generally do not charge a fee for withdrawals, but your home bank may impose foreign transaction fees (typically 1–3%) and/or a flat fee for international withdrawals.
• Credit Card Fees: When using a credit card, you may encounter foreign transaction fees (1–3%) and dynamic currency conversion (DCC) fees if you choose to pay in your home currency instead of Euros. Always opt to pay in Euros to avoid DCC fees.

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6. Procedures for Currency Exchange

1. At Banks or Exchange Offices:

   • Bring a valid ID (passport or driver’s license).
   • Check the exchange rate and fees before proceeding.
   • Request smaller denominations (€5, €10, €20) for easier use in daily transactions.

2. At ATMs:

   • Insert your card and select the withdrawal amount in Euros.
   • Decline any offers to convert the amount to your home currency (to avoid DCC fees).
   • Keep your receipt for reference.

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7. Tips for Handling Cash in Galway

Carrying Cash:

• While cash is widely accepted, Ireland is increasingly moving toward a cashless society. Most businesses in Galway accept debit and credit cards, including contactless payments.
• Carry a small amount of cash (€20–€50) for smaller establishments, such as local markets, taxis, or pubs, which may have a minimum card payment requirement.

Using Cards:

• Visa and Mastercard are widely accepted. American Express is less commonly accepted, so check with the merchant beforehand.
• Contactless payments (up to €50 per transaction) are very popular in Ireland. For larger amounts, you’ll need to use your card’s PIN.

Tipping Culture:

• Tipping is not mandatory in Ireland, but it is appreciated for good service.
  • Restaurants: 10–15% if service is not included.
  • Pubs: Tipping is not expected, but you can round up the bill or leave small change.
  • Taxis: Round up to the nearest Euro.

Safety Tips:

• Avoid carrying large amounts of cash. Use a mix of cash and cards for security.
• Keep your wallet and valuables secure, especially in crowded areas or during festivals like the Galway International Arts Festival.

Exchanging Leftover Euros:

• If you have leftover Euros at the end of your trip, you can exchange them back to your home currency at the airport or your local bank. Keep in mind that you may lose some value due to exchange fees.

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8. Local Considerations

• Public Transport: Buses in Galway (operated by Bus Éireann) do not give change for cash payments, so carry exact change or use a Leap Card (a prepaid travel card).
• Festivals and Events: Galway hosts many festivals, such as the Galway Races and Galway Oyster Festival, where cash may be preferred for food stalls and smaller vendors.
• Rural Areas: If you plan to explore rural areas outside Galway, note that some small businesses may only accept cash.

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By following these tips and understanding the currency system, you’ll be well-prepared to handle money efficiently during your visit to Galway, Ireland. Enjoy your trip!