Avoid Nasty ATM Fees
Once you’ve got an idea about the type of trip you’re planning, it’s time to start calculating actual daily costs. And for that, it’s best to break your trip out into each main area where you’ll be spending money.
The Costs of Accommodation in Europe
Accommodation costs are one of the most variable costs across Europe. The cost of a hotel in Bucharest will be vastly cheaper than one in Paris.
Then, of course, prices vary depending on whether you choose to slum it in a dorm room or live like Marie Antoinette in a palatial hotel.
You’ll even face variations in price depending on when you book for - including which season and what day of the week (midweek bookings are typically cheaper).
As a rough estimate, you could be looking at:
- Budget: €15–30 for a bed in a dorm room for one night
- Mid-range: €80–150 for a double room in a small hotel for one night
- Luxury: €200 or more for a stay at a high-end hotel for one night
The Costs of Food in Europe
Europe is a gastronomical delight. There’s paella in Valencia, pizza in Italy, or the traditional Turkish kahvalti breakfast with all the bells and whistles.
There’s a particular pleasure reserved for eating out in Europe. But the costs can add up quickly - depending, of course, on where you go.
Eastern European restaurants and cafes are often markedly cheaper than Western European joints, but then you could just as easily eat like the ancient Romans in suave luxury venues and pay for the privilege.
Think of it this way: In Italy, you can attend the fanciest establishment and spend €100 or more on a three-course meal or you could nip round the corner and pick up a slice of pizza for €5.
On average, it’s a good idea to budget about €25–90 a day for food, accounting for the fact that your hotel might provide a free breakfast.
When costing out your meals, considering the following as a rough guide to prices:
- Budget: €9–15 for fast food
- Mid-range: €20–25 for a restaurant meal
- Luxury: €35 or more for a fancy meal
The Costs of Transport in Europe
Thankfully, most cities in Europe are fairly walkable, making it easy to avoid transport expenses. And when you do want to go further afield, public transport is organised and easy.
Most European cities offer different transport passes for a certain length of days (often 1-day, 3-day, 5-day, and 7-day passes).
To get an idea of inner-city public transport costs in Europe, you might be looking at:
- Paris Metro: €2.50 for a single trip or a carnet of 10 tickets for €22.50.
- Amsterdam tram: Ranging from €4.50 to €9 a day, depending on the period of validity.
- Barcelona metro: €2.40 for a single trip.
Taxis can make inner-city travel easier, especially if you’re carting around wheeled luggage on rough cobblestone roads.
The average cost for a 30-minute ride can be roughly €50 though the price drops considerably if you ride with Uber or are in Eastern European countries.
For long-distance journeys, you might be keen to hire a car. Prices are drastically different depending on the country but in a city like Paris, expect to pay €45 a day for an economy-sized car or €60+ per day for larger cars.
Finally, the expansive railway network across Europe and the prevalence of high-speed trains makes it easy to cross the continent without a car. But these costs can add up quickly. It’s not uncommon to pay over €100 for a ticket.
Bundle your train travel into a Eurail pass to save money; there are many passes to cover a specific number of journeys or as many journeys as you like
The Costs of Sightseeing in Europe
You’re going to want to get out and see as much as possible on your Euro-venture and it would hurt to have to miss out on a single activity because of lack of funds. So budget generously for all your sightseeing ambitions.
We’ve provided the costs of some of Europe’s most popular attractions to give you an idea of prices:
- Louvre Museum, Paris: Starting from €17 per person
- Van Gogh Museum, Amsterdam: €20 per person
- Sagrada Familia, Barcelona: €26 for a basic ticket purchased online
- Colosseum, Rome: €16 per adult
- Tivoli Park, Copenhagen: 155 Denmark krones
2024 AUD EUR Forecasts
The Australian dollar is facing a mixed outlook against the Euro in 2024. The Australian dollar (AUD) has struggled against the Euro (EUR) in recent months. The EUR, which is the official currency of 19 of the 27 European Union (EU) member countries, peaked above €65.6¢ in January 2023. But it then saw a consistent decline, falling below the €60¢ barrier in the second half of the year. There are mixed forces at play which affect the value of the Euro, which covers a diverse area including the major economies of Germany, France and Italy
The Best European Travel Insurance for Australians
An adventure around Europe is a rite of passage among Australians. While there’s plenty to look forward to, it’s also important to prepare for unplanned events. That’s where getting travel insurance for Europe can help. A comprehensive policy makes sure you receive the medical treatment you need in an emergency and reimburses you for lost, stolen, or damaged personal belongings. These days, comparing international travel insurance policies can also protect you from unexpected costs or emergencies arising from COVID-19.
2023 AUD EUR Dollar Forecasts
This article looks at what the banks are predicting for the AUD to EUR exchange rate over the long term in 2023. The 2024 AUD EUR Forecasts are out now With most of 2023 out of the way, attention turns to 2024. Now that most economists have released their predictions for the AUD EUR exchange rate, head here to find out the most up to date forecasts:
