Where is the cheapest place to exchange for euro?

Banks and credit unions are generally the best places to exchange currency, with reasonable exchange rates and the lowest fees.



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You may want to investigate banks that do not charge ATM fees and/or banks that are found throughout Europe. The cheapest and easiest way-and the best exchange rates-to get your hands on some euros is to simply use your US based bank's ATM/debit card at the many ATMs located throughout Madrid.

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Is M&S a good place to buy currency? Marks and Spencer's exchange rates tend to be slightly better than those offered by other high street supermarkets including Sainsbury's and Tesco, but make sure you order your currency online beforehand or you may be given a lower rate in-store.

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Monday is therefore the best time to sell dollars and buy euros with a 2-3% lower total exchange rate. On the flip-side, Wednesday and Friday are the best days to sell euros and buy dollars.

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If you're by yourself, you can live on €1,000 per month in Spain. This includes room rent, groceries, health insurance, rare use of public transport, eating out a few times a month and shopping moderately.

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3 tips to avoid foreign transaction fees
  1. Get a no-foreign-transaction-fee credit card. Though most credit cards do charge foreign transaction fees, there are a number that don't. ...
  2. Use a debit/checking account with no foreign transaction fees. ...
  3. Pay in the local currency.


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