January 1st 1999, Portugal currency is the Euro although it was
January 1st 2002 that physical coins and banknotes started to
Before the introduction of Euro, the
official Portugal currency was the Portuguese
Presently, 1 Euro
= 200.482 escudos (approximately two hundred escudos).
Many Portuguese still talk among themselves in escudos or "contos"
(equivalent to 1000 escudos), because they're still used to do it and
because the conversion rate is not that difficult.
After all, 5 euros =
approximatelly 1 "conto" = 1000 escudos.
uses the Euro?
The Euro is not only
the currency of Portugal but
also the official
currency of another fifteen countries: Austria,
Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy,
Luxembourg, Malta, the Netherlands, Slovakia, Slovenia, and
is used daily by more than 330 million Europeans.
This makes it easier for European visitors
coming to Lisbon, as they don’t have to worry about exchanging their
is it represented?
The Euro symbol (€) is usually written after the
amount. For example, 10 Euros = 10€.
Another thing to consider is that, in Portugal,
the decimals are written after a comma and units of thousands are
written before a point.
For example, 10.000€ means ten thousand euros
and 10,20€ means ten euros and twenty cents.
Euro is divided into 100 cents and there are
of: 1-cent, 2-cents, 5-cents, 10-cents, 20-cents, 50-cents, €1
One face of each coin is the same for all
countries but the
other one is different for each country of origin.
Of course, with today's market you can find in
Portugal coins from all of the countries and collect them if you like.
As to banknotes,
they're issued in €5, €10, €20,
€50, €100, €200, €500. Each one has its own colour and the front-side
notes features gates or windows, while the back-side features bridges.
In Portugal you can use every coin and banknote
you wish, but usually you don't see a lot of banknotes higher than €50.
can I raise or exchange money?
If you need to raise some Portugal currency,
you'll find twenty-four hour ATMs (locally called multibanco)
There are plenty out here and in every Bank there
daily withdrawal is €400, with the most being €200 at a
time. The ATM
machines have instructions in English and other languages. Look for the
symbol on the right.
If you need to exchange
money you can do it in any bank and there are
also shops located in tourist places to assist you. A small commission
is charged (around €3 to €5).
Visa and MasterCard are widely accepted as well as
much is it worth?
Please, use this currency
convert Euros into your currency or vice-versa. All
rates are constantly
updated and all major currencies
For a quick view on the
exchange rates, check out the table bellow
(also constantly updated).
What do the coins
and banknotes look like?
In Portugal you can use this coins and banknotes.
The portuguese coins look like this:
Currency - Portuguese Escudo
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