If you're looking for luxury you'll find it in the Bahamas - but you'll have to pay around US$200 a day or more to experience it, depending on your taste for Cuban cigars and duty-free gemstones. Simply put, the Bahamas are very expensive. If you're on a mid-range budget, expect to spend between USD100 and USD250 a day, depending on how much island-hopping you get up to.

The Bahamas is a challenge for the budget-conscious: even hardcore budget travellers will need at least USD90 a day, with the majority of that going to accommodation. Remember that accommodation costs drop between 20% and 60% in the winter, making it a great time to explore the islands without losing your shirt.

The Bahamian dollar is on par with the US dollar and both are used interchangeably. European currencies are usually frowned upon and you'll have to exchange for US or Bahamian dollars. US travellers cheques are acceptable, except in the remote Family Islands; traveller's checks in other currencies are generally only accepted by banks. Note that some hotels, restaurants and exchange bureaus charge a hefty fee for cashing travellers cheques. You can use major credit cards throughout the islands. There are ATMs in the leading tourist centres.

Tipping is expected; the generally accepted rule in restaurants is 15% to 20%. Many hotels and restaurants automatically add a service charge (usually 15%) to cover gratuities. There is no need to offer additional tips unless you believe you have received exceptional service. Several taxes levied on your hotel stay can add an annoying 20% or more to your bill. Check before booking if the price you're quoted includes all taxes.

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