Yes, it is. According to the AML regulations, the Spanish currency suppliers have to demand from you when you exchange holiday money to euros (and vice-versa) an updated and valid ID card. If you sell New Zealand Dollars to euros at least they will ask you for your passport or resident´s identity card called DNI or NIE.
All travel money suppliers in Spain dedicate to the purchase and sale of travel money. If you have New Zealand Dollars left over after your trip, you only have to go to Cambiator.es and choose our Sell your currency tab in the top menu.
Then select your town of residence and we will display how many Euros the different holiday money suppliers will offer on the day in your town for your leftover New Zealand Dollars.
Bear in mind that they will just buy you New Zealand Dollars notes but not loose change.
To understand how currency exchange works, think of a retail store that offers a product to you as an individual. The provider buys wares from a provider known as wholesaler at a purchase price, to which it sums up a profit margin.
The gap between the sell price at which you buy in that shop (eg your New Zealand Dollars) and what it cost the store to get those New Zealand Dollars is the benefit it obtains in that currency exchange.
But there is a distinction in currency exchange with other activities. In general, foreign currency notes (New Zealand Dollars in this case) pass on from consumer to consumer, that is, they are not consumed.
For that reason, it may be the case that a bank or a currency provider purchases New Zealand Dollars from a tourist travelling to Spain (obtaining a margin) and those same New Zealand Dollars become yours when you buy that currency (new profit margin).
Generally, the online prices of the holiday money suppliers in Spain, are cheaper than the rates you get present yourself directly in one of their branches.
So we advise you to conduct a price comparison when if you plan to change dollars to euros.
And afterwards Cambiator advices to reserve online to choose the collect in store delivery method at a branch of the currency exchange providers near you. This way you will receive more euros for your dollars comfortably.
Normally, tourists change dollars NZD to euros about the equivalent in € to 700 in Spain.
If, for any reason, you have to sell dollars NZD to euros for over the equivalent of five thousand €, it is recommended to contact your bank or currency supplier.
Firstly to get a cheaper New Zealand Dollar to euro price than the one you see in Cambiator. Second to validate that they are authorized to change you with the amount of personal data they have about you.
We are a currency exchange comparison engine that helps you change your dollars NZD for euros at the best exchange rate today in Spain. Our aim is for you to save when exchanging currency for your stay in Spain, and also if you travel abroad and want to buy dollars NZD with euros.
To find the best New Zealand Dollar to euro exchange rate of the day, select the foreign currency you want to change, type in the amount in dollars NZD you want to change to euros and choose your location so that we can show you the nearest currency exchange office.
Normally, you will obtain the best foreign exchange rates with us rather than directly at your bank or currency supplier because we have negotiated discounts.
Generally speaking, we advise you to change your travel money in safe locations and where they do not charge you a commission, in addition to a profit margin. Literally all Spanish banks and some physical currency providers will charge you a currency exchange fee circa 3%, with a minimum (whichever is higher), of six to ten €.
This means that when you change the equivalent of 100 euros from New Zealand Dollar to euro, in addition to an exchange margin, you will pay a fixed commission of between 6 and 10 euros, since it is a larger amount than the 3 euros fee that would correspond to applying 3% to 100 euros. If you change the equivalent of six hundred euros from New Zealand Dollar to euro, they would impose a 3% fee. That is eighteen euros, which is greater than the minimum of of six to ten €.
The NZD-EUR rate fluctuates every day. The currencies of countries with more stable economies oscillate less, and vice-versa. Nevertheless it is also necessary to bear in mind situations such as the Ukraine war or Brexit, major sporting events or economic crisis, which can alter the travel money rates of a specific currency, like the New Zealand Dollar, inmediately.
Nevertheless, most currency suppliers and banks often revise the rate at which they sell or buy dollars once a day, first thing in the morning.
Cambiator always has its rates up to date, so that you browse the best data available on exchange rates.
In Spain there are three places where you can change NZ dollars to euros. The first thing that comes to mind is our bank. Yet, Spanish banks include an exchange rate to your NZ dollars and a commission of 3%. This implies that, to give an example when you change the equivalent of a thousand euros from NZ dollars to euros you will be charged a 30 euros commission.
On the other hand, your other option is the airport at the last minute. Yet, Spanish airports are the most costly of all alternatives because the foreign currency suppliers located there, owe a huge portion of their profits to the airport owner.
Currency providers based out of the airports in Spain are the best alternative to sell NZ dollars to euros.
In Spain, nowadays there is no problem in selling your NZ dollars to euros online. In addition to being a very comfortable service since you change your NZ dollars whenever you need, you skip fees.
Best rate of the day (change currency to euros)