Where to exchange money in Valletta
Before you set out exploring in Valletta, 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 Valletta 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 Valletta
If you’re still into the idea of carrying cash around and exchanging it, here are some popular foreign currency exchange locations in Valletta.
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 |
|---|---|---|
| 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 |
| Exchange | VGX7+5H9, Valletta, Malta | +356 2349 4000 |
| W & J Coppini & Co. - Financial Institution | 58 Merchants St, Valletta, Malta | +356 2349 4400 |
| Central Bank of Malta | Castille Place Valletta, Valletta VLT 1060, Malta | +356 2550 0000 |
| Finaro (formerly Credorax) | Palazzo Homedes, 80, Strait Street, Valletta VLT 1436, Malta | +356 2778 0948 |
| Fexserv Financial Services Ltd | St George's Road, St Julian's, Malta | +356 2576 2576 |
| W & J Coppini & Co. Financial Institution | 144, Tower Road Sliema, Tas-Sliema SLM 1604, Malta | +356 2349 4000 |
| Bitload4U | 20/1 Republic St, Valletta, Malta | +91 97487 44345 |
| Western Union | 61 Republic Street Valletta, Valletta VLT 1117, Malta | +356 2122 5814 |
Euro rate today
The currency used in Valletta, as well as the rest of Malta is Euro.
However, when visiting a currency exchange shop you will notice they use currency codes. The code for Euro is EUR. Keep an eye out for this if you want to compare exchange rates.
What you should know about exchanging money in Valletta
When exchanging money in Valletta 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. 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.
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 Malta 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.
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 Valletta. 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.
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