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MONEY, THE EURO.
Unlike Britain, where nothing connected with Europe is certain, Spain has adopt the euro as her official currency from 1st January, 2001. The eight coins will have one side common to other countries within the EEC, and the other designed by each individual country. These coins are valid within every one of the European countries within the single currency Act. The euro paper bills may only be used in Spain, Germany, Austria, Belgium, Finland, France, Greece, Holland, Ireland, Italy, Luxembourg and Portugal. They will be 500 euros, 200, 100, 50, 20, 10 and 5 euros. The 500 note will be worth 83,193 pesetas. The 300 = 33,277 ptas. The 100 = 16,639 ptas. The 50 = 8,319 ptas. The 20 = 3,328.
The 10 = 1664 ptas. The 5 euro note = 832 pesetas.
The 10 = 1664 ptas. The 5 euro note = 832 pesetas.
POUNDS INTO EUROS
When you arrival in Tenerife, try not to bring a bunch of 100 or 200 euro notes as these are often hard to change.You can use the hole in the wall machines to change you money, When changing your money into Euros, it is best done before you arrive in Tenerife, but the Banks are open weekdays between 09.00 hrs and 14.00 hrs, however between June 1 and October 31 they close 1 hour earlier on Saturdays. You will always require your passport to change money and banks will always charge a commission fee. Most hotels, travel agents and Exchange offices ‘Cambio’ will also change your money but at a lower rate than the bank and sometimes Commission Free.
TRAVELLER'S CHEQUE'S
Traveler’s Cheques are safe and easily cashed at Banks and exchange offices throughout Tenerife. Remember that you should keep the Bank receipt listing the cheque numbers separate as well as those that you have already cashed.
If your cheques are stolen this will be of great help.
If your cheques are stolen this will be of great help.
CREDIT / DEBIT CARDS
Credit / Debit cards are by far the best way to organise your funds. You don’t have large amounts of cash to worry about and you have access to your money at all hours. The exchange rate is also often the best. You pay a charge for each cash advance and ATM transaction - so don’t withdraw small amounts often.
