Where to exchange money in Silves
If you’re planning a trip to Silves, 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 Silves. 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.
Where to exchange money in Silves
If you’re planning a trip to Silves, 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 Silves. 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.
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Currency exchanges in Silves
Consider using digital alternatives like Wise when looking at currency exchanges. If you still need to have some physical cash, here are a list of currency exchanges you can find in Silves.
A reminder from us - There's no such thing as 0% commission or fee-free so remember to do your research and make an informed decision.
| Money Changer | Address | Contact Information |
|---|---|---|
| Unicâmbio Portimão - Compramos Ouro! Agente Western Union - Câmbios | Praça da República 49 R/C, 8500-540 Portimão, Portugal | +351 308 809 039 |
| NovaCâmbios - Portimão | R. Direita 69, 8500-624 Portimão, Portugal | +351 282 423 541 |
| Unicâmbio Carvoeiro - Compramos Ouro! Agente Western Union - Câmbios | R. do Barranco 13, 8400-508 Carvoeiro, Portugal | +351 308 809 039 |
| V.I. | Praça Miguel Bombarda 17, 8200-076 Albufeira, Portugal | +351 289 513 170 |
| MoneyGram | R. Dom João II 4E, 8365-130 Armação de Pêra, Portugal | +351 282 317 811 |
| MAXPAY - Balcão do Aqua Portimão | R. de São Pedro 72, 8500-383 Portimão, Portugal | +351 282 427 240 |
| Vision-Horizon Money transfers | R. Direita 72, 8500-725 Portimão, Portugal | +351 282 412 434 |
| Caixa Geral de Depósitos | R. João de Deus 33, 8300-119 Silves, Portugal | +351 21 790 0790 |
| SAW. Currency Exchange Agency - Exchange Bureau 2 | R. 5 de Outubro 36, 8200-109 Albufeira, Portugal | +351 289 585 333 |
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 Silves and across Portugal 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 Silves
When exchanging money in Silves 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 Portugal 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. 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.
2. Know 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 Portugal banks to avoid unwanted ATM fees. Also try to plan ahead and make as few withdrawals as possible to avoid multiple extra fees.
5. 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.
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 Silves. 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.