Where to exchange money in Tenerife

If you’re planning a trip to Tenerife, 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 Tenerife. 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

Currency exchanges in Tenerife

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 Tenerife.

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
Quickgold Tenerife (Santa Cruz) - Compro Oro \| Money Exchange	Rbla. de Pulido, 9, 38004 Santa Cruz de Tenerife, Spain	+34 922 53 67 65
Premier Money Exchange Los Cristianos	TF-655 Edificio Cerromar, Opposite Summerland, C. Boston, 38650 Los Cristianos, Santa Cruz de Tenerife, Spain	+34 629 15 22 96
Ciber Olympo	Pl. de la Candelaria, 1, 38003 Santa Cruz de Tenerife, Spain	+34 922 29 63 52
Giftexcursions S.L	Calle Bruselas , Centro Comercial fanabe ,, Local 233, 38660 Costa Adeje, Santa Cruz de Tenerife, Spain	+34 922 72 40 35
Ria	C. Noelia Afonso Cabrera, 4, local 108/2, 38650 Playa de la Américas, Santa Cruz de Tenerife, Spain	+34 658 66 03 62
Currencies Direct (Currency Exchange)	Los Seres, C. Oregon, 5, 38650 Los Cristianos, Santa Cruz de Tenerife, Spain	+34 922 97 17 81
EUROPHIL Zona Tenerife - Envío de Dinero - Oficina de Cambio de Divisas - Change Dollar	Av. la Salle, 22, 38005 Santa Cruz de Tenerife, Spain	+34 922 21 13 92
Western Union	C. Noelia Afonso Cabrera, 4, local 108/2, 38650 Playa de la Américas, Santa Cruz de Tenerife, Spain	+34 658 66 03 62
EUROCAMBIO	C. Quintana, 22, 38400 Puerto de la Cruz, Santa Cruz de Tenerife, Spain	+34 922 38 37 61
Tovetotenerife sl (Zona Tome cano-Estadio S/Cruz) Cyberlocutorio,Western,MGram,Ria,Europhil,Titanes,Smallworld ENVIOS Y PAGOS	C. Heliodoro Rodríguez López, 7, 38005 Santa Cruz de Tenerife, Spain	+34 922 59 56 81

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2.49 USD
3.77 USDOur fee
–
6.26 USDTotal fees
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993.74 USDTotal amount we’ll convert
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0.9462

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Euro rate today

First off, in case you’re wondering something along the lines of “does Spain use Euro?”, the answer is yes. The currency in Tenerife — and the rest of Spain — is Euro.

You can also find it written as EUR in currency exchange shops.

What you should know about exchanging money in Tenerife

When exchanging money in Tenerife 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 Spain 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 Spain 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 Euro for a fairer rate and fees. The same applies if you get the option on card machines.

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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Please see the Terms of Use for your region or visit Wise fees & pricing for the most up-to-date information on pricing and fees.

Bottom line

As you can see, there’s no shortage of options when it comes to exchanging money in Tenerife. 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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