Frequently Asked Questions (FAQs) GBP-EUR
Is it safe to sell sterling pounds to euros online in Spain? 
Absolutely. You can order your sterling pounds for euros in the online store of a travel money supplier that has a website.
In addition, they will permit you the possibility of booking online and picking your euros at one of their outlets.
Bear in mind that prices vary daily so it will be necessary to book online the same day you will go to the store to sell your PEPEGILLO2 in exchange for euros.
Where to sell and where not to sell pounds to euros in Spain
The place you are never interested in doing a Pound 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. Have in mind that, the more participants that intervene in the currency exchange game the higher the rates to apply to people.
Practically all Spanish banks charge you a three per cent commission, with a minimum (whichever is higher) amount of 6 to 10 euros.
I have previously exchanged Euros to pounds, what can I do if I have remaining pounds when I return to Spain?
All holiday money providers in Spain are dedicated to the purchase and sale of travel money. If you have pounds left over after your trip, you only need to go to Cambiator.es and choose our Sell your currency tab in the top menu.
After find your town of residence and we will show you the amount of Euros the different holiday money suppliers will offer that day in your city for your remaining pounds.
Keep in mind that they will uniquely purchase you pounds banknotes but not loose change.
Is it advisable to order online or click and collect pounds for euros in Spain?
Normally, the online rates of the travel money suppliers in Spain, are more economic than those you find present yourself directly in one of their offices.
So we advise you to carry out a price comparison when selling pounds to euros.
And then we advise to reserve online to select click and collect at an office of the currency exchange suppliers near you. This way you will receive more euros for your pounds adequately.
Is there a limit to the amount of pounds GBP that I can change online in Spain when I change pounds GBP to euros?
Normally, currency providers in Spain have high limits for a one shot Pound to euro currency exchange. Or for any other foreign currency ypour wish to change to euros.
These limits are imposed by the Banco de España. They have to do with the AML regulations and Know Your Customer (KYC) requirements
However, these exchange ceilings usually oscillate between the equivalent of pounds GBP to 3,000 and 5,900 €, which is a lot more than what a traveler needs for their stay expenses.
How does the Pound to euro currency exchange work?
To understand how currency exchange works, think of a retail branch that sells a product to you as a consumer. The business acquires products from a supplier called a wholesaler at a purchase price, to which it includes a profit margin.
The difference between the sell price at which the consumer buys in that branch (eg your Pounds) and what it cost the store to buy those Pounds is the profit it obtains in that currency exchange.
Nevertheless there is a distinction in foreign exchange with other businesses. In principle, foreign currency banknotes (Pounds in this case) pass on from hand to hand, that is, they are not consumed.
Consequently, it may be the case that a bank or a currency provider acquires Pounds from a traveler travelling to Spain (gaining a margin) and those same Pounds pass into your hands when you purchase that currency (new profit margin).
Do I need to provide any type of ID card to sell my Pounds in exchange for euros?
Yes, it is. According to the antimoney laundering norms, the Spanish currency providers have to demand from you when you exchange holiday money to euros (and vice-versa) a valid and current identity document. If you sell Pounds to euros at least they will ask you for your resident´s ID card (DNI or NIE) or passport.
When is the best moment to sell Pounds to euros in Spain?
There is no better or worse ocasion to convert Pounds to euros. All the travel money raise or decline every day based on the other travel money they are compared with.
For that reason, when you intend selling Pounds for euros, the most recommended thing you can do is carry on a preceding rate matching on Cambiator.
Where can I change pounds GBP in exchange for euros during my holidays in Spain today?
If you guessed that your the airport or your bank were the sole places to change pounds GBP for euros on this day in Spain, please, firs of all check the rates in the different currency providers that we have have displayed for you above.
You can learn that for the same amount of pounds GBP, you will buy more Euros depending on the service you choose and you can dispose of the remnants on other entertainment for your trip (coffees, souvenirs, transportation, etc.).
How will I find the best GBP-EUR exchange rate today here?
To find out the best Pound to euro exchange rate, we advise you do a search on Cambiator.
You will find out that a column appears in the result page that states GBP-EUR exchange today.
Next observe the number below for every currency provider. As for banks, we display an median price, nevertheless keep in mind that almost all of them in Spain impose, in addition to the price, a commission of 2.5 to 3per cent on average, with a minimum of between six to ten €.
The exchange rate you see is known as the Pound to euro direct exchange rate, and the higher that number is, the more Euros you will acquire for each Pound you change. Cambiator compares the exchange prices day by day so that you obtain the best currency exchange every time when you change sterling pounds to euros.