Getting to know the best exchange rate for the dollars with respect to the euro every day in Spain, is simple.
The first thing we advise you is to not pay attention the rates of the currency converters you can find on the Internet. These rates are for foerign currency but not for notes. Additionally, they are restricted to financial institutions. The rates you give out as a consumer are less appealling.
Secondly, we advise you to look at the direct Dollar to euro exchange rate (that 0.991 with more or less digits that you see advertised everywhere and that varies every day).
The higher that number is, the more euros you will be handed out for every Dollar you pay.
For that reason, the best exchange rate will be the higher exchange rate. Cambiator makes it easy for you to obtain the best Dollar to euro exchange rate. Our results page sorts Euro offers from highest to lowest price of the day in five currency suppliers, airports and banks in Spain.
The place you are never interested in doing a Dollar to euro foreign exchange is at the airport. As with the bottle of water at scandalous prices, the airport manager and the airport currency supplier, divide the benefits of your exchange at the airport. Bear in mind, the more players that intervene in the travel money game the higher the rates to apply to travelers.
Almost all banks in Spain apply to you a 3% commission, with a minimum (whichever is higher) quantity of 6 to 10 euros.
Selling online dollars to euros in Spain is very safe. Bear in mind that it is done with foreign currency suppliers that must have a licence from the Spanish Central Bank.
Furthermore, these currency providers are businesses subject to inspection and can be fined if they do not comply with the strict legal measures in Spain to clarify with whom they exchange dollars to euros.
Calculate from your travel money supplier if your order includesa buyback right. This means the possibility of returning a percentage of the United States dollars of the initial order for free.
If you do not qualify for buyback, head to our Sell your currency tab, fill in the Dollar banknotes you have (notes only, not loose coins) and choose your city. Cambiator will tell you the total Euros the different foreign currency suppliers will offer that day in your city for your remaining United States dollars.
Usually, when you change dollars USD to euros at your bank store, they will already know their customers and you will only need to identify yourself as a client of that bank.
When you change dollars USD to euros at a foreign currency supplier´s outlet, at the airport or on the street, you will have to provide an updated and valid identity card (passport or resident´s identity card called DNI or NIE in Spain). Bear in mind that your driver's license will not be accepted as a valid identification document when changing dollars USD to Euros.
Currency suppliers and banks are retailers that buy from currency wholesale companies and travellers the banknotes they estimate to sell to travellers demanding from them US Dollars at the wholesale exchange rate or the retail rate (interbank market) and mark-up their profit margin.
They use the US Dollars you sell to them and sell those notes to other individuals at their selling rate of the day, earning that differene.
For example, if you want to sell US Dollars in exchange for euros, you go to a currency supplier or a bank and pay the Buy rate of the day they advertise. This price already includes a profit margin for the currency supplier.
Yes, it is. If you want to ensure the Dollar to euro price you see on our result page. And also if you want to ensure that the currency provider will not charge you a commission.
In Spain you can fall into the hands of some travel money providers with a bad reputation that charge their customers an outstanding fee when selling United States dollars to euros directly from their stores without having previously made a reservation on their Internet site.
Usually, when we wish to sell dollars USD to euros in Spain we only think of banks. But we do not have in mind that practically practically all banks in Spain apply on you a a margin on the dollars USD that you change with them, as well as, a fixed commission of 3% (with a minimum of between 6 and 10 euros).
This makes the foreign currency exchange more expensive and in most cases it is much more interesting to exchange holiday money at a high street foreign exchange provider. These businesses offer the option of changing your dollars USD to euros via collect in store.
Regarding the airport, it is always the least interesting option as it is much more expensive than the currency suppliers located out of the airport.
Foreign currency suppliers in Spain usually limit the maximum quantity of foreign currency to be changed from Dollar to euro to the equivalent in euros to 3,000 to 6,000 € per calendar quarter.
This is done in accordance with the requirements of the antimoney laundering norms. If you need to exchange a larger quantity of dollars to Euros, we advise you to speak directly with the travel money supplier.
They might demand from you additional documentation and proof of the origins of your dollars (identity document, passport, certificate of professional activity, income statements, etc.).
As the prices of currencies fluctuate all the time with respect to each other, there is no best moment to sell travel money (in this case dollars) for euros in Spain.
It is advisable to understand how the economy of your country evolves in comparison of that of Spain. Normally, when the your country´s economy is tough, its currency tends to depreciate with respect to the euro. This means that for the same dollars you would get less euros.
Cambiator shows you the buy rate of dollars to euros, arranged from cheapest to least, so that you can choose where to change dollars.
Best rate of the day (change currency to euros)