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5 Financial Tips and Tricks while Traveling to Nepal

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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 during your visit 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 info@coretreks.com. Happy traveling. Speak to a CoreTreks travel expert to schedule your culinary expedition! Send us an enquiry, call us +977 9851179975 or WhatsApp us on +977 9851179975 now!

Also read: How to get around in Nepal while traveling? Here are your options

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

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Asmit
Asmit
2020-07-16
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Lifetime Experience We had a super time in Everest Base Camp last year. Trekking to this place was dream for many years which come true with the help CoreTreks and team members.
Lena B
Lena B
2020-03-06
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Higly recommended I did the Langtang Valley trekk with Gosaikunda lakes included. The preparation and communication for that has been great all the time. Nim is an excellent and knowledgeable person. My Trekkingguide was Gorakh and i couldn't have hoped for a better one! I felt like i was in good hands throughout the trekk and he took care of my dietary needs. They also booked my bus ticket to Pokhara and asked the bus driver to pick me up at a place which was closer to my accommodation. Thank you so much Nim!! Next time i will do the Manaslu trekk with you :)
Hidayat Toda
Hidayat Toda
2020-03-04
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Feel exeprience in nepal as a family Core track is a professional tour team and comapny, they treat you as a family, they prepare all the things you need, the team was very nice and warm, and also you will feel as in a family, just go and book with them
Michael S
Michael S
2020-01-19
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Trek to Rara Lake in Nepal with CoreTreks My wife and I had been planning to visit Nepal since like a year ago. We are really happy and satisfied with our trek to Rara Lake in Nepal. The place is really chilling with beautiful scenery all around. Luckily the weather was fantastic and we got a clear view of the mountains and the lake. We are really humbled to be able to experience such a rare privilege. Our guides informed us that the weather is often bad especially because of the altitude. The alpine vegetation surrounded by mountains was really special to observe. I would like to thank CoreTreks for helping us throughout our journey to Rara Lake.
Noo
Noo
2019-12-12
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Great service Beautiful temples and delicious food After touring around the Kathmandu valley, I’m inspired to explore more about Nepal. Unfortunately it will have to be during my next visit. The city is way busier than I expected it to be. As we drove outside the valley, we discovered some peaceful environment and beautiful temples. The Nepali cuisine in Kathmandu was something I would love to try again. They are spicy but delicious. I have to say that the people in Nepal are really friendly and welcoming. Everyone greeted us with love and treated us nicely. There was no fear for a lone traveler like me to get through the tour. Thanks to CoreTreks and the team for making this tour possible for me. I booked last minute but they helped me through everything. I really appreciate it. If you are looking to visit Nepal, I highly recommend that you book from CoreTreks they are the best.
Santivo
Santivo
2019-08-24
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Kathmandu Tour and Memorable Memories After many Yes/No we decided to choose vacation plan for Nepal, then the journey of more confusing start. We start googling the best packages and tours operators in Kathmandu. We luckily found CoreTreks. They are really professional, trustworthy, reliable and responsive for their profession, this team made our Nepal visit absolutely memorable and experience. We strongly recommended anyone will to visit Nepal, can choose CoreTreks and enjoy your vacation.
ASTA
ASTA
2019-08-23
Verified
It deserves more than a 5 STAR for their services sweet words are easy to say, nice things are easy to bye, but good people are difficult to find. life ends when you stop dreaming...travel in Nepal to leave the best memories. thank you for everything coretreks for friendly smile,for the care during the journey. again, i want to go there return. i help all my friends to see Nepal with your help and support. you guys deserve more than a 5 star for excellent services for tours and trekking in Nepal. see you soon again!
Martin L
Martin L
2019-06-24
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satisfied with the service and packages Dec 2018, we had plan to visit Nepal and book the packages with core treks, they guide us the best packages for ABC and we are fully satisfied with the service and packages. Thank you team, keep it up
Pedro R
Pedro R
2019-03-11
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Friendly staff We did some trecking around Katmandu and we had a good time. The guide was friendly and available to support us with anything.
이홍래
이홍래
2019-01-24
Verified
Langtang Trekking 이제 돌아와서 한숨돌리고 적네요. 네팔이란 나라가 처음이고, 한국에서도 등산한번 하지 않았었는데, 갑자기 네팔이 가고 싶었습니다. 네팔에 가면 뭔가 꽉막힌 마음이 뚤릴것 같았고, 복잡한 머리가 정리가 될것 같았습니다. 다행이 CORE TREK 의 Nim을 만나 트레킹을 잘 마무리할 수 있었습니다. 랑탕 출발하기전 호텔 부킹이나 팀스 / 퍼밋 , 환전 및 준비물 구매 등 그리고 이런 일들을 하기위한 이동까지 꼼꼼하게 함께 챙겨 주어서 그나마 잘 준비하여 트레킹을 시작하였습니다. 그리고 트레킹 중간에 대부분이 3G를 사용하지 못해 가족들에게 연락이 되지 않았는데, 다행이 Nim과는 현지 폰으로 연락이 되어, 저 대신 가족들에게 연락도 가능하고, 중간 중간에 문제 있는지등 그리고 복귀 마지막날 뭔가를 잘못먹었는데 아파서 호텔에서만 누워 있었는데, 그래도 타국에 누군가 연락할 수 있다는게 많은 도움이 되더군요. 저는 포터 및 가이드 없이 혼자서 갔다왔고, 트레킹이야 혼자만의 싸움이였지만, 카트만두 출발전 / 복귀후에는 Nim이 많은 도움이 되었네요. 다음에 또 네팔에 오게되면 필히 Nim과 함께 하겠습니다.