If i take sterling to spain will i get a better exchange rate?

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Stamford66

I agree with those who have already said it, if you have one it is best to use a credit card wherever you can as this usually gives you the best rate of exchange.

Just bring enough Euros in cash to see you through the first couple of days. Then if you need more cash use an ATM.

It is true that Spanish Banks make a charge for using ATMs but I find that the charge is off-set by the better rate of exchange you get doing it this way.

It usually works out the best deal when compared to commission charges and lower exchange rates in an exchange bureau. Plus you can just draw what you need and not risk carrying around a wad of cash (which is never a good idea!).

In order to use your credit or debit card in shops in Spain you will need to show a valid form of official photo id (passport or driving license). However this is not usually required in restaurants (don't ask me why!).

Snot Me

the rate over here is approx 1.27 â‚¬ to the pound

Dennis - 1

Usually yes slightly more but take note of the good advice given by ALAN T.

sarge

it depends where you are going to as it will vary from 1.26 to 1.30 always ask how much will you get for your money i.e Â£10 is 13euros etc,if you buy from a shop some take Â£ and give you a better rate,it is always advisable to take credit/debit card.

ALAN T

Slightly higher but be careful where you change it, some say no commision but the small print says only if you change Â£3000 minimum, ask about before you change any to try and get a recommendation from sombody and always ask how many Euros will I get in my hand for X amount in sterling before handing over your cash

SUE

Just bring credit cards if you have them, and enough cash to get you started.
Bring an ATM card, too.

These two methods get you the best possible exchange rates. Or at least they did for me. If you can check with your banks, ask for 1) the exchange fee (should be between 1 - 3%) and if they do, in fact, get you the best exchange rate. I did, and I checked my statements after returning, and KNOW I didn't get gypped. That way you don't have to worry about going home with extra Euros in your pocket, and you don't have to guess how much money you'll need, you just spend what you need to, and they take care of all the exchange.

I'm not sure if it's as easy for you, but it should be easier, as you are EU.

Carousel

Some people are telling you to use ATM machines. Bear in mind that Spanish banks will charge you to use ATMÂ¨s if it is any other bank than their own. That charge can be upto 5%.
Never use your debit card as it will get charged for every transaction. Buying goods with a credit card is probably the best way as you'll get a better exchange rate. As for changing cash. It's hardly worth worrying about. To get a better exchange rate of 2 cents would only get you an extra â‚¬5 for Â£250 exchanged.

magicswiss

I'm quite sure all the contributers have convinced you to bring a charge card an/or to use an ATM :-) One little thing that has been mentionned, however, is not correct: Your pin may have more than 4 numbers with Spanish ATMs. Happy travelling!

zafir

No, and you'll pay a high commission to exchange money.

The majority of travellers to Spain and other countries take cash from the ATM. So just use your debit card, but make sure the PIN has only 4 numbers.

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