Once your travels are over, you can exchange your remaining currency, only banknotes, never loose coins, ( in this caseat your bank or your closest holiday money supplier.
Look at the to Euro prices first and do a comparison on Cambiator to find out the most interesting place. If you go to your bank, take into account that your bank will charge you, another time, a commission near to 3per cent with a minimum of 6 to 9 Euros (the largest of the two).
In Spain you can change for euros basically at your bank or at the currency suppliers. Generally banks apply a fixed fee ranging between 2.5% and 3% with a minimum of 6 to 10 euros for each currency you do with them.
This applies when you obtain currency and when you sell your surplus to euros. This means that if you change the equivalent of 100 euros from to euros, in addition to the to euro exchange rate of the day, you will pay between 6 and 10 extra euros as commission. Currency suppliers that advertise no commission are more interesting since they do not apply you this commission.
Cambiator ranges the SCP-EUR exchange rates of the day and displays them from most to least interesting so that you can choose well where to sell your to euros.
Banks and currency suppliers are retail businesses that buy from travellers and currency wholesalers the banknotes they plan to offer to travellers seekinging to buy at the wholesale exchange rate or the retail rate (interbank exchange rate) and add their working margin.
They profit from the you sell to them and sell those banknotes to other people at their selling price of the day, winning that margin.
For example, if you want to sell in exchange for euros, you contact your currency supplier or a bank and pay the Buy rate of the day they announce. That price already incorporates a profit for the currency provider.
Usually, when you change to euros at your bank office, they will already know their clients and you will only need to identify yourself as a client of that bank.
When you change to euros at a holiday money supplier´s store, on the street or at the airport, you will need to show an updated and valid identity document (passport or resident´s identity card called DNI or NIE in Spain). Take into account that your driver's license is not accepted as a valid identification document when changing to Euros.
The place you are never advised in doing a to euro exchange is at the airport. As with the bottle of water at the price of gold, the airport manager and the airport currency provider, split the benefits of your exchange at the airport. As a rule, the more participants that play in the travel money game the higher the prices to apply to travelers.
Almost all Spanish banks apply to you a three per cent fee, with a minimum (whichever is higher) quantity of 6 to 10 euros.
The least expensive to euro rates are generally given when you change them online to collect them from from an agency of a currency supplier near you.
Regarding to banks in Spain, almost all of them offer online booking. Some of them let you reserve online and pick-up your euros some days later. Nevertheless the SCP-EUR rate you will have to pay will be, that of the day of collection, not that of the day you reserved the to euro change.
Generally, holiday money providers in Spain have high limits for a single to euro currency exchange. Or for any other foreign currency ypour wish to change to euros.
These maximum quantities are imposed by the Banco de España. They have to do with the AML regulations and Know Your Customer (KYC) obligations
However, these limits normally range between the equivalent of to 3,000 and 5,900 euros, which is a lot more than what a tourist needs for their stay expenses.
Finding the best exchange rate to change to Euros today in Spain is as easy as browsing Cambiator.es and selecting the currency you want to sell in our currency purchase widget, tab Sell Currency.
Keep in mind that the prices and conditions to change to euros that you see on our website are exclusive to be more interesting than the conditions you will be applied if you go directly to the currency supplier.
We do not recommend exchanging currency at a Spanish high street bank. They charge you a commission of around 2 to 3% as well as a margin.
Exchanging currency at the airport is not recommended at all when selling to euros.
As the rates of currencies oscillate all the time with respect to each other, there is no best time to sell foreign currency (in this case ) for euros in Spain.
It is recommended to be attentive to how the economy of your country is evolving in comparison of that of Spain. Generally, when the economy of your country is difficult, its currency tends to depreciate with respect to the euro. This means that for the same you will obtain less euros.
Cambiator shows you the buy rate of to euros, sorted from cheapest to least, so that you can decide where to change .
In Spain, today it is safe to sell your to euros online. Furthermore to being a very practical service since you change your whenever you want, you save commissions.
Best rate of the day (change currency to euros)