Currency & Money in Bosnia and Herzegovina

The official currency is the Convertible Mark (BAM / KM).

Fixed exchange rate: 1 EUR ≈ 1.95 BAM

Banknotes: 10, 20, 50, 100, 200 BAM

Coins: 0.10 – 5 BAM

Euros are sometimes accepted in tourist areas, but using local currency is always recommended for the best prices.

Payment methods

Cards work in hotels, larger restaurants, and shops

Smaller cafés, markets, and rural areas often require cash

Always carry some cash with you

Price level – What does it cost?

Bosnia and Herzegovina is generally much cheaper than Western Europe.

 Food & Drinks

Espresso / Bosnian coffee: 1–2 BAM

Coffee at café: 1.5–3 BAM

Water / soft drink: 1.5–2.5 BAM

Burek / ćevapi / street food: 4–7 BAM

Pizza / simple lunch: 6–10 BAM

Restaurant dinner: 10–20 BAM

Local beer (0.5 l): 3–5 BAM

Accommodation (per night)

Hostel / private room: 20–40 BAM

Guesthouse / mid-range hotel: 50–100 BAM

Better hotels: 100–160 BAM

Luxury hotels: from approx. 160 BAM

Transport

Local bus ticket: 1.5–3 BAM

Taxi starting fare: 1.5–2 BAM

Short taxi ride: 4–8 BAM

Longer city ride: 8–15 BAM

Attractions & Activities

Museum / entrance fee: 3–10 BAM

Guided city tour: 15–40 BAM

Rafting / adventure tours: 50–120 BAM

Kayak / bike rental: 15–40 BAM

 Smart ways to save money

✔️ Use Western Union instead of ATMs

Many travelers send money to themselves via Western Union and collect cash locally.

Benefits:

Often lower fees than international ATM withdrawals

Avoids some bank markups and exchange fees

Cash can be collected in BAM or EUR

How it works:

Send money online to yourself

Choose payout in Bosnia and Herzegovina

Show ID and collect cash