The convertible mark is pegged to the euro at a fixed rate, so prices convert predictably - but pay in marks, not euros.
The convertible mark
- The currency is the convertible mark (BAM, or KM locally).
- It is pegged to the euro at a fixed rate - the peg dates from the Deutschmark it was designed to replace - so prices convert predictably.
- Euro cash is often accepted in tourist areas at a rate that favours the seller. Pay in marks.
- Cards work in cities, less so in villages.
ATMs
- Always refuse the machine's offer to charge you in your own currency. Dynamic currency conversion at an ATM or a card terminal costs several per cent, every time, and the offer is worded to sound helpful. Choose the local currency and let your own bank convert.
- Use bank ATMs rather than the independent machines in tourist areas, which add their own fee on top.
- Beware the standalone Euronet machines in tourist areas across the region. They add a large fee and push dynamic currency conversion hard. Use a bank's own machine.
Tipping
- Rounding up is normal, 10 per cent for good restaurant service.
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