Benidorm Exchange Rates
Get the most out of your Benidorm holiday cash
So you've booked your flights, packed your sunnies and are all ready to hit the Benidorm beaches, but to fully enjoy the wild nights and lazy days of this awesome Costa Blanca resort, you'll be needing some Euros. The world of currency exchange can seem like a mysterious one, with exchange rates, currency conversions and even shudder additional fees to wade through, but we're here to demystify the process and help you make informed decisions about getting the best for your money.
How Do I Know When To Exchange to get the Best Rate?
The art of currency exchange isn't an exact science, but there are things that you can look out for to help you get the best deal. The pound to euro rate has been on a bit of a rollercoaster of late, and since the vote to leave the EU, £1 has bought between €1.10 and €1.15. As there's (at the moment) no end in sight to the Brexit uncertainty, levels are likely to remain within these margins, but it is worth doing regular checks on the exchange rate in the weeks and months before your holiday. If you see a rate that you think looks like a good deal, snap it up before it changes.
Can I Buy Currency Once I Reach Benidorm?
You absolutely can, and lots of travellers do wait until they've reached their destination and rely on ATMs for cash and credit cards for large purchases. This has the benefit of being a 'pay as you go' option, so it takes a lot of the guesswork out of figuring how much you need before you go, and lots of overseas credit offer fantastic exchange rates as a perk of signing up.
As always, there is a downside to this tactic. Using ATMs and credit cards abroad can incur additional charges, which quickly mount up if you make several withdrawals or purchases, so in the end you may end up paying more for your euros even with the better exchange rates.
So, in the end, it comes down to personal preference. Whichever route you go down though, one top tip is never exchange your money at the bureau de changes in airports - the exchange rates are usually terrible.
What Sort of Currency Options Are Available?
Most travellers now rely on credit cards and ATM cards for purchases abroad, and Benidorm is such a popular location that many establishments accept them as standard. You can get a great exchange rate and other perks by tracking down a travel credit card, which is very useful for frequent globetrotters. When you make large purchases on a credit card, you may be asked to provide ID, be that your passport, drivers license or a similar document.
Carrying large amounts of cash around comes with some obvious security considerations, but it is worthwhile having a little bit with you for off the cuff purchases. If you visit markets, local shops or rural locations, often cards will not be accepted, or incur extra fees, so taking a few Euros with you is a safe bet.
Travellers Cheques may seem like a blast from the past, and although they are not as popular as they once were, the extra security they entail means that some travellers still favour them over cash and cards. Cheques are widely accepted still in Benidorm, but it is vital that you keep good track of all your receipts and paperwork whenever you use them.
Where Can I buy My Euros for Benidorm?
Right here! Check out our travel money page for details of how we can sort all that out for you.
Alternatively, banks and post offices generally offer pretty good rates on Euros.
What If I Have Leftover Euros At The End of my Trip?
If you somehow don't spend all your Euros on tapas, cocktails and souvenirs, you may end up with a few Euros left at the end of your trip. You have a few options here, either save it for your next trip to Europe - this makes for a great excuse to start planning another holiday - or, if that's not on the cards, many bureau de changes will buy back euros. Be warned though, often the exchange rate is terrible when buying back pounds.
All information correct at the time of writing.