Spanish currency, as in most European Union
countries, is the Euro. Notes and coins of different denominations
are used in Spanish economy. Note are available in denomination
of 5, 10, 20, 50, 100, 200 or 500 euros and coins range in
value from 1, 2, 5, 10, 20, 50 cents and 1, 2 euros. Tourists
may bring up to 6,010.12 euros (approximetly $10,000 Canadian
dollars) without declaring the amount at customs. The current
rate of exchange varies from week to week. For an updated
exchange rate, check with newspapers or banks.
Traveler’s cheques are most practical and Canadian
currency can be exchanged at banks, airports, main hotels,
etc. In order to get the most for your money in terms of currency
in Spain, we advise you to buy some euros before
leaving (for first day expenses) and exchange the rest of
your dollars or traveler’s cheques at the bank once
in Spain (although banking hours might be subject to change,
presently they are: Monday to Friday from 9 a.m. to 2 p.m.
and Saturdays from 9 a.m. to 1 p.m.) Major credit cards are
honored in most hotels and restaurants, main stores, rent-a-car
companies and others, although this should be checked before
each transaction. The convenient Interact System can also
be used throughout Spain, providing one of the easiest and
cheapest ways of obtaining cash abroad; consult with your
bank about your particular card and fees.