Without doubt. We have followed close the the foreign currency players in Spain for more than 5 years and we know that, depending on the currency you need to change, some currencies are easy to accept in exchange for euros but other less frequent ones aren´t.
Generally the BDT-EUR rate will be cheaper when you order them online to do a click and collect than if you go directly to the currency supplier store.
Usually, when we need to sell takas from Bangladesh to euros in Spain we only think of banks. But we do not have in mind that practically practically all banks in Spain charge you a a margin on the takas from Bangladesh that you change with them, as well as, a fixed commission of 3% (with a minimum of six to ten euros).
This makes the foreign currency exchange more expensive and in most cases it is much more interesting to exchange foreign currency at a high street foreign exchange supplier. These companies offer the possibility of selling your takas from Bangladesh to euros through collect in store.
As for the airport, it is always the least interesting option as it is much less interesting than the currency providers based out of the airport.
Normally, to do a BDT-EUR currency exchange, the European money laundering prevention regulations require holiday money suppliers to "know their customers" (KYC (Know Your Customer)). This means that you will be asked to identify yourself as a buyer or seller with a a valid and current identity card (passport or resident´s identity card called DNI or NIE).
In Spain, nowadays you can absolutely change your takas BDT to euros online. Furthermore to being a very practical service since you order whenever you want, you skip commissions.
Holiday money suppliers in Spain generally limit the maximum amount of foreign currency to be bought from Bangladeshi taka to euro to the equivalent in euros to 3,000 to 6,000 € per calendar quarter.
This is mandatory by the antimoney laundering norms. If you need to exchange a higher amount of takas from Bangladesh to Euros, we advise you to speak directly with the travel money provider.
They might ask from you additional documentation and proof of the origins of your takas from Bangladesh (identity document, passport, certificate of professional activity, income statements, etc.).
The location you are never interested in doing a Bangladeshi taka to euro foreign exchange is at the airport. As with the bottle of water at the price of gold, the airport manager and the airport currency supplier, divide the benefits of your exchange at the airport. As a rule, the more participants that play in the travel money game the more expensive the prices to charge to travelers.
Almost all banks in Spain apply to you a 3% commission, with a minimum (whichever is higher) quantity of six to ten €.
The Bangladeshi taka to euro rate changes day to day. The currencies of countries with more stable economies fluctuate less, and vice-versa. Nevertheless it is also necessary to bear in mind phenomena such as the Ukraine war or Brexit, major sporting events or economic crisis, which can affect the exchange rates of a specific currency, like the Bangladeshi taka, from one day to the next.
In any case, most currency suppliers and banks often revise the rate at which they sell or buy takas BDT once a day, first thing in the morning.
We always have its rates updated, so that you access the best information available on exchange rates.
All currency suppliers in Spain dedicate to the purchase and sale of travel money. If you have takas from Bangladesh left over after your trip, you just have to enter Cambiator.es and choose our Sell your currency tab in the top menu.
Then find your city of residence and we will show you the amount of Euros the different travel money suppliers will offer that day in your city for your leftover takas from Bangladesh.
Please acknowledge that they will uniquely obtain you takas from Bangladesh banknotes but not loose coins.
Banks and currency suppliers are retail businesses that buy from travellers and currency wholesalers the banknotes they think they will be able to to sell to individuals seekinging to buy takas from Bangladesh at the wholesale exchange rate or the retail rate (interbank exchange rate) and add their working margin.
They use the takas from Bangladesh you sell to them and sell those banknotes to other consumers at their selling rate of the day, winning that margin.
E.g, if you wish to sell takas from Bangladesh in exchange for euros, you contact your currency supplier or a bank and pay the Buy price of the day they announce. Such price already contains a profit margin for the currency provider.
Getting to know the best exchange rate to change takas to Euros today in Spain is as easy as browsing Cambiator.es and choosing the currency you want to sell in our currency purchase form, tab Sell Currency.
Bear in mind that the rates and conditions to sell takas to euros that you see on our website are negotiated to be more interesting than the rates you will be applied if you go directly to the currency supplier.
We do not recommend exchanging foreign currencies at a Spanish high street bank. They impose you a commission of around 2 to 3% as well as an exchange rate.
Exchanging foreign currency at the airport is always the most expensive way to sell your takas to euros.
Best rate of the day (change currency to euros)