What is the currency and cost of living in Portugal?
Portugal changed its national currency from the Escudo to the euro between January and March 2002. Wages in Portugal tend to be significantly lower than those in some other EU member states, which has had the effect of keeping the overall cost of living low. The cost of living in Portugal can be half of that in France or Germany, and even a bit cheaper than in Greece, depending on individual tastes. Dining out, alcoholic beverages, meat, fish, fruits and vegetables are relatively inexpensive. Cars are more expensive to purchase than in many other western European countries, as are electronic consumer goods like computers and CD players. The current exchange rate is around €1 = 0.
Portugal changed its national currency from the Escudo to the euro between January and March 2002. Wages in Portugal tend to be significantly lower than those in some other EU member states, which has had the effect of keeping the overall cost of living low. The cost of living in Portugal can be half of that in France or Germany, and even a bit cheaper than in Greece, depending on individual tastes. Dining out, alcoholic beverages, meat, fish, fruits and vegetables are relatively inexpensive. Cars are more expensive to purchase than in many other western European countries, as are electronic consumer goods like computers and CD players.
