Where to exchange money in Malta
If you’re planning a trip to Malta, it will definitely be useful to know how to obtain the local currency. Additionally, you may want to be aware of the current exchange rate and the most convenient places to exchange your money.
On this page, we’ll provide you with a list of the best places to exchange currency in Malta. We’ll also introduce you to an alternative, Wise, which may be more cost-effective and save you the hassle of visiting a physical location
Spend abroad without hidden fees
Currency exchanges in Malta
If you have a need to use cash, here are some recommendations to exchange foreign currency in Malta.
Just remember, there's no such thing as completely free or 0% commission when exchanging money. Always check the mid-market exchange rate beforehand so you know the real value of your money.
| Money Changer | Address | Contact Information |
|---|---|---|
| Fexserv Financial Services Ltd | St George's Road, St Julian's, Malta | +356 2576 2576 |
| Fexserv Financial Services Ltd. | Alpine House Triq In-Naxxar San Gwann, San Ġwann SGN 9032, Malta | +356 2576 2576 |
| W & J Coppini & Co. Financial Institution | 144, Tower Road Sliema, Tas-Sliema SLM 1604, Malta | +356 2349 4000 |
| Malta Stock Exchange | Garrison Chapel, Castille Place, Il-Belt Valletta VLT 1063, Malta | +356 2124 4051 |
| Fexserv Financial Services Ltd | St. John's Street, Valletta, Malta | +356 2576 2576 |
| Fexserv Financial Services Ltd | 5 Dawret Il-Gzejjer, San Pawl il-Baħar, Malta | +356 2576 2576 |
| FOREIGN EXCHANGE NOT AN OFFICIAL PAGE | 144 Tower Block, 144 Tower Road, Sliema SGN 6090, Malta | +356 2349 4000 |
| Fexserv Financial Services Ltd. | 7 Constitution St, Mosta, Malta | +356 2576 2576 |
| マルタスタディドットコム | Malta Study | L'Arch 18 Salvu Bonanno San Gwann, San Ġwann SGN 1532, Malta | - |
| W & J Coppini & Co. - Financial Institution | 58 Merchants St, Valletta, Malta | +356 2349 4400 |
| Exchange | VGX7+5H9, Valletta, Malta | +356 2349 4000 |
| Forex Stationery tarxien | Triq Paola, Ħal Tarxien, Malta | +356 2166 5357 |
| Moneybase | Level 0, Ewropa Business Center, Triq Dun Karm, Birkirkara BKR 9034, Malta | +356 2568 8688 |
| Western Union | Alpine House San Gwann, San Ġwann SGN 9032, Malta | +356 8007 3773 |
| Western Union | 40c Palm Street Victoria, Victoria VCT 1307, Malta | +356 2155 0500 |
| Western Union | 287 St Joseph Street, Hamrun SVR 1019, Malta | +356 2122 3323 |
| W & J Coppini & Co - Financial Institution | Triq Ross, San Ġiljan, Malta | +356 2349 4300 |
| Convera (Malta) | Avenue, Zone 3, Central Business District, 77 Commerce St, Birkirkara CBD 3010, Malta | +356 2328 9200 |
Euro rate today
First off, in case you’re wondering something along the lines of “does Malta use Euro?”, the answer is yes. The currency in Malta — and the rest of Malta— is Euro
You can also find it written as EUR in currency exchange shops.
What you should know about exchanging money in Malta
When exchanging money in Malta or any foreign city, it's important to be aware how to get the best deals and avoid excessive charges and hidden fees. If you are planning on staying in Malta long-term or looking to make a larger investment you could consider opening a local bank account. Otherwise, use the tips below to help avoid getting overcharged.
1. Be wary of 'zero fee' services
Some services claiming 'no commission' often offer poor exchange rates. These may not reflect the mid-market rate, similar to what you'd see when checking the rate on Google. This can lead to higher costs for you and more profits for them.
2. Research the exchange rate
Check what the current exchange rate is so it's easier to spot a bad deal from currency exchanges.
3. Avoid exchanging money at airports or hotels
It may be highly convenient, but airports and hotels will almost always offer poor rates and high transaction fees. Avoid this where possible.
4. Use ATMs strategically
Check if your local bank has partnerships in Malta banks to avoid unwanted ATM fees. It's becoming less of a requirement, but it can be good to inform your bank before traveling too.
5. Pick local currency on ATMs and card payments
When using an ATM abroad, choose to be charged in Euros for a fairer rate and fees. The same applies if you get the option on card machines.
Consider an alternative to physical currency exchanges
Say goodbye to overcomplicated currency exchange. Wise can help you get a better deal on currency conversion in over 40 currencies, with the mid-market exchange rate and low fees.
Open a personal Wise account online or in the Wise app, and order a linked debit card for a one-time fee to spend and withdraw money in 150+ countries.
There’s no fee to spend any currency you hold, and no foreign transaction fee to worry about. Use your account when you travel or shop online in foreign currencies, send payments in 70+ currencies, and get your own local bank details in 9 currencies.
Other currency exchanges
Bottom line
From the list above you should have plenty of options for finding a physical currency exchange in Malta. If you'd like more options, try searching on a search engine like Google.
Finally, don't forget to check out Wise - The digital alternative to exchanging and spending cash abroad.
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 Payment 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.