Foreign Exchange Spain
Travelling to a country outside yours would require you to deal in Foreign exchange. When travelling to most European countries, you would have to convert your money into Euros, and Spain is one of these countries.
The Euro has been Spain's official currency since 2002, and this makes matters easier for visitors who also plan to travel to many other European countries, thereby taking away the need to constantly exchange currency across different borders.
The one downside though is that a traveler now has fewer options when it comes to places that would exchange international currency.
Also, if you haven't exchanged money before you enter Spain, you can always change your money after you're in the country. One thing a foreign traveler should do is to look up conversion rates prior to travelling because exchange rates are prone to continually change.
Owing to the large influx of tourists, a large number of hotels and resorts know that many guests have to their local money into Euros.
They thereby provide the facility of exchanging foreign currency into Euros. However, the exchange rates that these places offer tend to be slightly higher than they are elsewhere.
Banks in Spain are known to offer the best rates in Foreign exchange, and are fairly easy to find.
But Foreign exchange in banks generally involves paperwork and ID proof also needs to be presented. Besides, there is a chance that the bank employees that you deal with cannot converse in English.
The options that you would primarily have is to use cash, credit cards, and/or travelers checks, and choosing one or more of these totally depends on your convenience. Foreign exchange Simplified