Where to exchange money in Arrecife
Before you set out exploring in Arrecife, it's wise to be as prepared as possible for your trip. One important thing is knowing the local currency if it differs from your own and where you can exchange it.
In this article you will discover some of the best currency exchanges in Arrecife that you can visit.
We will also introduce Wise - A digital alternative which could save you time and money.
Where to exchange money in Arrecife
Before you set out exploring in Arrecife, it's wise to be as prepared as possible for your trip. One important thing is knowing the local currency if it differs from your own and where you can exchange it.
In this article you will discover some of the best currency exchanges in Arrecife that you can visit.
We will also introduce Wise - A digital alternative which could save you time and money.
Spend abroad without hidden fees
Currency exchanges in Arrecife
If you’re still into the idea of carrying cash around and exchanging it, here are some popular foreign currency exchange locations in Arrecife.
One reminder, though: there’s no such thing as fee-free or 0% commission foreign exchange transactions. So, always check the mid-market exchange rate in advance, so you know how much your money’s worth.
| Money Changer | Address | Contact Information |
|---|---|---|
| Ria Money Transfer Agent | Calle de Lujan Perez, 59, Abdellah El Harmouchi, C. de Alonso Quesada, 22, Esq, 35500 Arrecife, Las Palmas, Spain | +34 928 80 57 68 |
| MoneyGram | C. Augusto Lorenzo, 38, 35500 Arrecife, Las Palmas, Spain | +34 928 80 71 29 |
| Ria Money Transfer Agent & Payout | Minimarket Callejón Liso, C. Carnicería, 8, Bj, 35500 Arrecife, Las Palmas, Spain | +34 611 39 52 52 |
| MoneyGram | C. Hermanos Álvarez Quintero, 9, 35500 Arrecife, Las Palmas, Spain | +34 828 08 11 67 |
| Western Union | C. Lérida, 25, 35500 Arrecife, Las Palmas, Spain | +34 900 633 633 |
Notice anything wrong with our results table? Let us know - If there is a genuine mistake, we will do our best to resolve it.
Euro rate today
The accepted currency in Arrecife and across Spain is the Euro.
However, when you visit a currency exchange, you'll find that they use currency codes. Specifically, the currency code for the Euro is EUR. Keep an eye out for this code if you're comparing exchange rates.
What you should know about exchanging money in Arrecife
Before exchanging money in Arrecife or any foreign city, it's important to be informed to avoid excessive charges and get the best deals. Consider opening a bank account in Spain for long-term stays or substantial investments like buying property or cars.
1. Beware of 'zero fee' services
Services claiming 'no commission' often offer poor exchange rates, not reflecting the mid-market rate, leading to hidden profits for them.
2. Check the exchange rate beforehand
Familiarize yourself with the base rate to identify a bad deal from exchange services.
3. Avoid exchanging money at airports or hotels
Convenience comes at a price, as airports and hotels usually offer poor rates and high transaction fees.
4. Use ATMs strategically
Check if your home bank has partnerships in Spain banks to avoid extra ATM fees, and inform your bank before traveling.
5. Opt for local currency
When using an ATM abroad, choose to be charged in Euros for a fairer rate and avoid undisclosed exchange rates and additional fees.
Currency exchange bureau who?
Forget all about walking around the city in search for fair exchange rates for a low fee.
With a Wise Account you can access over 70 currencies wherever you are - and all with a single card.
And what's even better, at the mid-market exchange rate. Low fees and fair rates all around the world, that's the Wise way!
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Other currency exchanges
Bottom line
As you can see, there are plenty of options for exchanging money in Arrecife. Remember to do your research on the exchange rate and get the most out of your trip. For a fuss-free alternative to exchanging cash, check out Wise.
Please see terms of use and product availability for your region or visit Wise fees and pricing for the most up to date pricing and fee information.
This publication is provided for general information purposes and does not constitute legal, tax or other professional advice from Wise Payments Limited or its subsidiaries and its affiliates, and it is not intended as a substitute for obtaining advice from a financial advisor or any other professional.
We make no representations, warranties or guarantees, whether expressed or implied, that the content in the publication is accurate, complete or up to date.