Budget for a day in Europe

How much should I budget for a day in Europe?Picture of a crowd of people in front of the St. Peter's Basilica | foreignxchange.com.au

As you get ready for your trip to Europe, you’ll definitely want to get all your currency sorted out beforehand to ensure a fun trip that sticks to your budget! 

The European currency, Euro, is valued at about 1.50 AUD for 1 EUR. However, exchange rates can be notoriously unpredictable and are always changing, so make sure to do a quick check before setting out on your trip. You can also use a currency converter online, which will help you compare exchange rates side by side for convenience. There are also rate alerts that you can use to notify yourself of any changes to the exchange rate. To better put the current exchange rate into perspective, currently, 100 AUD would be worth around 67.80 EURO.

So, how much should you budget for your daily expenses while in Europe?

Eating out at fast-food establishments in Europe will cost around 13 – 22 AUD per meal. For a restaurant meal, the prices will go up to 22 – 38 AUD. If you were to go to a high-end restaurant, a meal would start from 45 AUD. If you plan on eating out regularly, you should budget at least 50 AUD per day. However, if you cook some of your own meals, this could instead be closer to 30 AUD per day. Western to Central Europe are usually on the cheaper side for eating out. Countries like France, Austria, Germany, Belgium, and the Netherlands are all similarly priced. Do keep in mind, though, that Switzerland tends to be on the more expensive side.

a fan of different euro bills being pulled out of a wallet | foreignxchange.com.auIn terms of accommodation, the majority of European countries will charge 37 – 50 AUD per night in a dorm room. Countries such as Greece and Span will be a bit cheaper, charging 15 – 30 AUD on average per night. Airbnbs, however, can vary quite a bit, ranging from 40 – 170 AUD per night depending on where you’re staying. Hotels can be on the expensive side, costing around 160 AUD on average per night. So, how much should you budget for a day in Europe? At the least, expect to pay around 130-50+ AUD in Europe, including factors such as eating out, accommodation, transport, and visiting tourist attractions. Of course, this may be more expensive or considerably cheaper depending on where exactly you stay, what country you’re visiting, your accommodation and meal preferences, and so on.

Transport and tourist attraction prices in Europe

Public transport costs around 5.50 – 6.50 AUD per ticket and will generally be cheaper in Slavic countries but more expensive in such places as the United Kingdom, particularly London, and Ireland, especially in Dublin. There is an option to buy monthly passes instead of paying for each ticket separately, which does tend to be cheaper if you plan on staying in the country for a while. This pass will be more expensive in popular tourist destinations, such as London (282 AUD) but cheaper in less popular destinations, such as Gdansk in Poland (32 AUD). Luxembourg, on the other hand, offers public transport that is completely free!

picture of a bunch of European coins and European bills spilled out of a cup | foreignxchange.com.au

There are plenty of tourist attractions on offer throughout Europe, some more expensive than others. Whatever your budget is, though, we’re sure you’ll be able to find an option that suits you. Visiting the Eiffel Tower in France, Paris is a popular one. To grab a ticket for the second floor with an access lift will cost you around 25 AUD. If you’d rather have access stairs instead of a lift, this will instead be around 15 AUD. A ticket that has an access lift to the top will cost you about 38 AUD, while a ticket that has access stairs to the second floor combined with a lift to the top will be 29 AUD. Children under 4 years of age will be able to access all areas of the Eiffel Tower for free.

You could also visit the well-known Colosseum, located in Rome. Entry prices cost around 24 AUD per adult (25+ years) or 3 AUD per adolescent (18-25 years). For anyone under 18 years, admission is free. For anyone with disabilities (including an accompanying person), admission is also free. This entrance fee to the Colosseum also covers entry to Palatine Hill and the Roman Forum. If you want to take your trip to the next level, you could book a guided tour. A Colosseum guided tour generally costs 82 AUD per person. A fast arena tour will cost less, coming to around 68 AUD per person. An underground tour will be more, around 102 AUD per person. Through a quick Google search, you can also see what other options are available.

As you can see, Europe offers a wide range of countries that hold so many exciting exploration opportunities for you! Just be sure to get your planning done first – and then head off and enjoy your trip!