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Frequently Asked Questions (FAQs) PEN-EUR

Is there a limit to the amount of Peruvian Nuevo Soles that I can sell online in Spain when I change Peruvian Nuevo Soles to euros? Abrir Respuesta

The average Peruvian Nuevo Soles to euro currency exhange in Spain of a tourist who exchanges Peruvian Nuevo Soles to euros is generally around the equivalent to 700 €.

If you need to order Peruvian Nuevo Soles for more than 5,999 euros in value, the requirements that your currency provider will demand from you will be reinforced. In other words, they might ask you to prove the origin of your Peruvian Nuevo Soles or your employment contract, etc.

Nevertheless up to the equivalent in Peruvian Nuevo Soles of 5900 € per calendar quarter, the Spanish travel money suppliers do not usually ask you for more than the Spanish identity card called DNI or NIE to change Peruvian Nuevo Soles to euros.

Is it safe to sell soles to euros online in Spain? Abrir Respuesta

Indeed. You can sell your soles for euros in the online store of a foreign currency supplier that has a website.

Additionally, they will propose you the possibility of booking online and picking your euros at one of their offices.

Bear in mind that rates vary each day so it will be optimal to book online the very day you will go to the outlet to do a PEN to EUR change.

Do I need to show any kind of document to sell my Peruvian soles in exchange for euros? Abrir Respuesta

To sell Peruvian soles to Euros online in Spain you will be asked to carry with you a passport or a resident´s identity card called DNI or NIE. These cards permit you to identify yourself when selling foreign currency physically or on the Internet.

Is it advisable to order online or click and collect sols PEN for euros in Spain? Abrir Respuesta

If you need to fix the sols PEN to euro price for your vacation in Spain, we advise you to book online on the website of the chosen foreign currency supplier.

Furthermore, by doing so you skip the possible commissions that some travel money suppliers in Spain charge you by changing sols PEN for euros directly in one of their stores.

In Spain when you book online on your bank's App or online store, you will still be charged their foreign currency commission of around 2 to 3%, and you will be charged the exchange prices of the day of collection, not those of the day of the online reservation.

Where to change and where not to sell Peruvian Nuevo Soles to euros in Spain Abrir Respuesta

Foreign currency banknotes such as the Peruvian Nuevo Sol or the euro are exactly identical in all locations: currency suppliers in your city or at the airport and your bank. If you seek for good rates, Cambiator helps you find the best PEN-EUR exchange rate of the day, freely.

If you are looking for convenience or trust, it is best to collect directly your euros in exchange for your Peruvian Nuevo Soles at a store near your home, office or hotel. You will find these options on this results page where you are now.

How will I get the best PEN-EUR exchange rate today here? Abrir Respuesta

Finding the best exchange rate to change soles to Euros today in Spain is as easy as heading to Cambiator.es and choosing the currency you want to sell in our currency purchase form, tab Sell Currency.

Keep in mind that the prices and conditions to sell soles to euros that you see on our website are negotiated to be better than the rates you will get if you go directly to the currency supplier.

We do not recommend exchanging currency at a Spanish bank. They charge you a fee of around 2 to 3% as well as a margin.

Exchanging currency at the airport is not recommended at all when selling soles to euros.

Where can I sell Peruvian soles for euros in Spain today? Abrir Respuesta

Normally, when we need to sell Peruvian soles to euros in Spain we only think of banks. Yet we do not have in mind that practically practically all Spanish banks apply on you a a margin on the Peruvian soles that you sell them, besides, a fixed fee of 3% (with a minimum of 6 to 10 euros).

This makes the foreign exchange less interesting and in most cases it is much more interesting to exchange currency at a high street foreign currency supplier. These companies offer the possibility of changing your Peruvian soles to euros through collect in store.

Regarding the airport, it is always the least interesting option as it is much less interesting than the currency suppliers located out of these premises.

When is the best time to change soles to euros in Spain? Abrir Respuesta

As the prices of currencies fluctuate continuously with respect to each other, there is no best moment to sell foreign currency (in this case soles) for euros in Spain.

It is advisable to understand how the economy of your country is evolving in comparison of that of Spain. In general, when the economy of your country is tough, its currency tends to depreciate with respect to the euro. This means that for the same soles you will obtain less euros.

Cambiator displays the buy price of soles to euros, arranged from cheapest to least, so that you can decide where to change soles.

I have previously changed Euros to Peruvian Nuevo Soles, what can I do with my remaining Peruvian Nuevo Soles on my way back from a holiday? Abrir Respuesta

containsa boy back cover allowance. This means the right to give back a % of the Peruvian Nuevo Soles of the initial purchase at no cost.

If this is not the case, go to our Sell your currency tab, introduce the Peruvian Nuevo Sol value you saved (notes only, not loose coins) and choose your city. Cambiator will display the amount of Euros the different foreign currency providers will offer on the day in your city for your leftover Peruvian Nuevo Soles.

How does the Peruvian Nuevo Sol to euro currency exchange work? Abrir Respuesta

To know how currency exchange works, think of a retail branch that offers a product to you as an individual. The supplier buys goods from a provider known as wholesaler at a purchase price, to which it includes a profit margin.

The gap between the consumer price at which you buy in that shop (eg your sols PEN) and what it cost the business to get those sols PEN is the profit it obtains in that foreign exchange.

Nevertheless there is a difference in foreign exchange with other businesses. In general, foreign currency banknotes (sols PEN in this case) pass on from hand to hand, that is, they are not consumed.

Therefore, it may be the case that a bank or currency supplier acquires sols PEN from a tourist who enters Spain (gaining a margin) and those same sols PEN pass into your hands when you get that currency (new profit margin).

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