Where to exchange money in São Roque
Before you set out exploring in São Roque, 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 São Roque that you can visit.
We will also introduce Wise - A digital alternative which could save you time and money.
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Currency exchanges in São Roque
If you have a need to use cash, here are some recommendations to exchange foreign currency in São Roque.
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 |
|---|---|---|
| Solvegest - Gestão E Cobranças, Lda. | R. Visc. de São João da Madeira 2013, 3700-269 São João da Madeira, Portugal | +351 256 098 302 |
Euro rate today
When you're in São Roque, and also the rest of Portugal, the official currency is the Euro.
Yet, when you step into a currency exchange shop, you'll notice they use currency codes. The code associated with the Euro is EUR, so be sure to take note of it when comparing exchange rates.
What you should know about exchanging money in São Roque
Before exchanging money in São Roque 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 Portugal 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 Portugal 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 Euro for a fairer rate and avoid undisclosed exchange rates and additional fees.
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Other currency exchanges
Bottom line
As you can see, there’s no shortage of options when it comes to exchanging money in São Roque. Don't forget to do your research on the exchange rate before converting your money, and check Wise out if you want a fuss-free alternative to exchanging cash.
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