As Magaluf is on the Spanish island of Majorca, the currency used here is the Euro. Magaluf is an incredibly popular holiday destination, so you’ll find that there are plenty of ATMs and foreign exchange facilities, should you need access to them when you’re there. But our advice would be to get your travel money before you leave the UK, in order to get some of the best rates available. You can order and buy your Euros on or, alternatively, pop into your nearest store. There’s also the option of the Thomas Cook Cash Passport if you don’t know exactly how much money you want to take with you.