Most people shy out of discussing finance. If you are planning the trip by yourself, then it can get frustrating at times. However, it does not have to be so. In this article, we will explore some straightforward ways to take care of your money along with 5 Financial Tips and tricks while traveling to Nepal.

In Nepal, the Nepali Rupee is divided into 100 paisa. People use denominations of one, two, five, 10, 50, 100, 500, and 1,000 rupees. Up to NPR.10 are available in coins as well. However, from NPR.10 and more, it’s usually the cash. 

It’s recommended that you carry a stash of small-denominations as Changing Money outside major centers or Kathmandu can be hard. The small-denominations will also come in handy during short destination fares. More information on changing money is mentioned later in this article. 

Tip 1: Do not rely completely on ATMs 

As convenient as it could be, I’d suggest you carry some extra cash with you at all times. Although most banks such as Standard Chartered Bank, Himalaya Bank, and Nabil Bank have 24-hour ATMs in and around Kathmandu, there’s usually a limit. The withdrawal limit is around NPR.10,000 for most banks, which is usually not enough. 

Plus, power shortages are common, and queues outside the booth might soak up an entire hour. However, ATMs are great for some quick cash on the go. 

Tip 2: Bargaining is okay, most of the times 

To bargain is an essential part of most commercial transactions in Nepal. While not everything can be bargained, you can have quite a fun at souvenir shops, hotels, and paying guides. However, it is supposed to be an enjoyable interaction and not a conflict. Plus, Nepalese do not appreciate aggressive behavior. 

Remeber that NPR.10 could make quite a difference to the seller when it’s less than USD.0.10 for foreigners. Therefore, try bargaining while shopping, it’s nothing new around here and could save you a few bucks now and then. 

Tip 3: Changing Money can be tricky 

Major daily newspapers publish the list of exchange rates set by the government. Banks are your best bet for changing money. The exchange rates might vary but they are generally not so far from the official rates. 

There are exchange counters at the Tribhuvan International Airport for convenience. However, exchange counters offer a lower rate. I’d suggest you carry adequate small-denominations as cashing out could be a headache in rural areas. 

Tip 4: Credit cards are widely available 

Major credit cards are widely accepted at high range hotels, restaurants, shopping marts, and more. However, be mindful of the 3% to 4% of surcharge to counter the credit card company’s fees to the vendor. 

But if you want cash against Visa or MasterCard in Nepali rupees, banks do not charge a commission for it. However, if you are exchanging a foreign currency traveler’s cheque, then a 2% commission will be implied. 

Tip 5: Trekking guides expect a tip of 10% to 20% for a job well done 

Trekking guides and porters have it rough sometimes. But as difficult as it might seem, guides are always cheerful and optimistic. Therefore if you hire guides or porters, make sure to tip them even if it’s a little. The tips usually go to their kid’s education funds. Thus, if possible, tip every now and then. 

So, there you have it. That was the 5 of the financial tips and tricks while traveling Nepal. Reach us for any travel and trekking services in Nepal. For further information, email us at [email protected]. Happy traveling. 

Any other point you want to add? Please mention in the comments below. 

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