Currency and Prices

CurrencyEven though Lithuania is a member of the European Union, the national currency of Lithuania is not the euro, but the litas. The Lithuanian litas is a convertible currency, but it is expected that Lithuania will join the euro zone in the next few years and introduce the common EU currency, the euro, for all transactions.

Lithuanian national currency: the litas

Notes of 10, 20, 50, 100, 200 and 500 litas and coins with the nominal value of 1, 2, 5, 10, 20 and 50 cent and 1, 2 and 5 litas are circulated in Lithuania. The litas is pegged to the common European currency, the euro, and the Bank of Lithuania’s fixed exchange rate is LTL 3.4528 to the euro. This means that one euro is worth 3 litas 45 cent, whereas the exchange rate of the U.S. dollar fluctuates between 2.6 and 2.7 litas, that of the pound sterling is around 4.08 litas, whereas 10 Russian roubles are worth roughly 85 cent (data as of 2013, detailed exchange rate information can be obtained from the Bank of Lithuania).
Hotel prices

When visiting Lithuania, it is useful to know what the price of various services is. A single hotel room in Old Vilnius, e.g., not far from the Cathedral Basilica, will cost between EUR 60 and EUR 110 per night. The price includes breakfast, but you should verify this when booking the room as the rules regarding the inclusion of breakfast may vary from hotel to hotel. Further away from the centre, it is possible to find hotel accommodation for as low as EUR 20. Outside Vilnius, the prices of hotels and guesthouses vary from EUR 20 to EUR 80.
Restaurant and bar prices

Pub prices are lower in Lithuania than in Western Europe. If, say, a warm meal at an average restaurant in London will cost you at least £8, or nearly 33 litas, in Lithuania it is possible to dine for 15 litas or less. Many establishments in Vilnius offer set meals for 15 litas. At an average tavern outside Vilnius, a filling meal for a family of three will cost around 60 litas, including dessert. Of course, there are more sophisticated restaurants with prices that are much higher, yet they remain lower than in most other European metropolises.

Delicious, locally brewed beer costs from about 2.5 litas to just over one lat (depending on the variety) in stores; in pubs, a half-litre mug will cost between 6 and 8 litas (2 euro). In the very heart of Vilnius, the old town, a beer mug could cost 7-8 litas, but can also be found for 6 litas. Half a litre of Coke costs around 2.5 litas in stores, a cup of black coffee in a bar: between 3 and 6 litas. A litre and a half of carbonated or non-carbonated water: 1 to 2 litas. It is also possible to skip the restaurant and arrange a picnic out in the fresh air instead. A loaf of white bread costs 2 litas on average, a link of smoked sausage: between 5 litas and a 10 litas; a kilo of tomatoes: 4  to 6 litas; marinated pork kebab meat: between 12 and 24 litas per kilo.
Cost of transportation

Taxis in Vilnius cost on average 2.5 litas per kilometre. This means that a journey between the city centre and the airport costs around 30 litas. If the amount shown on the meter is significantly larger, this is fraud. Also, do not trust drivers who demand 100 litas or more.

The public transportation fare for a single trip is 2 litas if bought at a newsstand. It costs more to buy a ticket from the driver: 2.5 litas. E-tickets are used in Vilnius, and buying several journeys in advance is a better deal.

Coach and rail connections outside Vilnius are significantly cheaper than in Western Europe. For example, a train fare to Klaipeda (5 h ride) costs around 50 litas one way. A coach ticket from Vilnius to Kaunas by bus (100 kilometres) is 20 litas.