Purchasing โ‚ฌ in spain - Banking and finances in Orihuela Costa - Orihuela Costa forum - Costa Blanca forum in the Alicante province of Spain
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Purchasing โ‚ฌ in spain

Posted: Wed May 15, 2019 9:38am
9 replies207 views7 members subscribed
delia484

Posts: 10

2 helpful points

Location: Orihuela Costa

Joined: 27 Apr 2019

Hi everyone ๐Ÿ˜Ž๐Ÿ˜Ž๐Ÿ˜Ž๐Ÿ˜Ž๐Ÿ˜Ž

Hope u are enjoying the sun and life over there๐Ÿ˜Ž๐Ÿ˜Ž๐Ÿ˜Ž๐Ÿ˜€๐Ÿ˜€๐Ÿ˜€๐Ÿ˜€๐Ÿ‘๐Ÿ‘๐Ÿ‘

I'm coming over on Saturday for a week. Should I obtain my โ‚ฌ's here in England or wait to transfer over in Spain. Here the โ‚ฌ1.13 to the ยฃ1.

What us it over there, all replies greatly appreciated. 

Many thanks and enjoy the sun

Delia x

Movingon

Posted: Wed May 15, 2019 10:29am

Movingon

Super helpful member

Posts: 1857

1607 helpful points

Location: Albatera

Joined: 7 Feb 2018

Posted: Wed May 15, 2019 10:29am

For a weeks holiday money I'd just use M&S or the Post Office.

Many here will have their own pet methods of exchanging money so you'll likely get varied suggestions which will leave you more confused than informed and if you start running around when you get here seeing who's offering the best deal on the day you'll waste time and probably spend more than you'll ever save.

The best deal every time is to find somebody who wants or needs some sterling and do an exchange with them at the middle of the days buy/sell rates.

Whatever you do DON'T do it at the airport !!!!!!!

LeckyLes

Posted: Wed May 15, 2019 10:50am

LeckyLes

Legendary helpful member

Posts: 2079

2230 helpful points

Location: Cabo Roig

Joined: 3 Aug 2018

Posted: Wed May 15, 2019 10:50am

Hi delia, at the moment the Business Retail exchange rate has dropped to about 1.15 . If you can get 1.13 over the counter today it sounds a decent deal.

It could go up, it could go down, but if you are jetting off this Saturday there isnt much scope for it to be rising much to impact on a weeks hols spending money.

LeckyLes

Cheryl

Posted: Wed May 15, 2019 11:12am

Cheryl

Legendary helpful member

Posts: 2973

3533 helpful points

Location: Albatera

Joined: 8 Jun 2017

Posted: Wed May 15, 2019 11:12am

If you are close to an M&S, they always used to run their FE on very tight margins because once there you're going to buy other things as you walk past! A quick check online and it seems their rate today is 1.14. If not, as above, the Post Office is always a good bet and you can always ask if they will rate match if you take proof. When I worked for a travel agent we would nearly always match rates, except M&S.

Movingon

Posted: Wed May 15, 2019 1:04pm

Movingon

Super helpful member

Posts: 1857

1607 helpful points

Location: Albatera

Joined: 7 Feb 2018

Posted: Wed May 15, 2019 1:04pm

Central European Bank rate is currently 1.1531 so if M&S are offering 1.4 I'd get there quick !

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delia484

Posted: Wed May 15, 2019 2:10pm

delia484

Original Poster

Posts: 10

2 helpful points

Location: Orihuela Costa

Joined: 27 Apr 2019

Posted: Wed May 15, 2019 2:10pm

Hi to everyone 

who has replied to me :) and a great big thank you xxxxx

RichardH

Posted: Wed May 15, 2019 10:53pm

RichardH

Helpful member

Posts: 255

186 helpful points

Location: Rojales

Joined: 9 Jan 2019

Posted: Wed May 15, 2019 10:53pm

Use your card. 

Willy

Posted: Thu May 16, 2019 9:33am

Willy

Helpful member

Posts: 375

235 helpful points

Location: Benijofar

Joined: 26 Feb 2018

Posted: Thu May 16, 2019 9:33am

Next time you come get a Transferwise card!  Just be careful drawing cash you can load with GBP and it is converted at an excellent rate or you can load with euros or a combination of the two they sre great.

delia484

Posted: Thu May 16, 2019 2:20pm

delia484

Original Poster

Posts: 10

2 helpful points

Location: Orihuela Costa

Joined: 27 Apr 2019

Posted: Thu May 16, 2019 2:20pm

hi willy

many thanks for that sir x

Gaz

Posted: Wed May 22, 2019 12:44pm

Gaz

Posts: 40

4 helpful points

Location: Orihuela Costa

Joined: 15 Dec 2017

Posted: Wed May 22, 2019 12:44pm

I have a transferwise FX account and have my Euros paid in to my Spanish bank account, then spend with my debit card or withdraw via ATM's

They offer very good rates with a very very small transfer fees...for instance ยฃ3-4 for ยฃ500 instant  transfer via your UK debit card.

  No other fees from your UK bank. It's cheaper if you use their other option and are happy to wait a couple of days for it to land in your Spanish account.

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