The currency in Tenerife is the Euro.
Spain is part of the eurozone, which makes things convenient for frequent travellers in and around Europe. For the best rate, purchase your travel money beforehand and take advantage of free delivery. If you’re not able to grab any cash before you leave for your holiday, you can always exchange money at your local resort.
Withdrawing your Tenerife currency from a local cash machine is also an option, but make sure you’re aware of any charges or limits your bank may have set. Some may charge you to withdraw in a foreign country, or in a different currency, so it’s a good idea to check before you jet off. Although convenient, we suggest you avoid exchanging your travel money at the airport as rates tend to be higher with added fees.
Credit and debit cards are accepted all over Tenerife. Only the most remote restaurants and bars won’t have a card reader. Despite this, you’ll often find that some shops and restaurants prefer cash for small purchases, and it’s always useful to carry a few euros to help with budgeting and emergencies. This is also useful for tipping waiters or drivers.