Travelling abroad can be daunting, particularly if you’ve never done it before. Exchanging your Sterling for the local currency is essential, but learning how and where to use it on your holidays can be just as important! If you aren’t familiar with things like exchange rates or where to get hold of cash while you’re on holiday, here’s everything you need to know about the Canary Islands currency.
What is the Official Canary Islands Currency?
As part of an agreement with the EU, the Euro is the only form of Canaries currency that’s accepted as legal tender. You’ll see it represented as either ‘EUR’ or €. Before the Euro, the Canary Islands currency was the Spanish Peseta. This was taken out of circulation on January 1st, 2002. Pesetas are now worthless and cannot be changed up in banks or used in any financial transactions.
Finding the Low and the High Notes
Euro notes in the Canaries each depict something from Spanish culture, both ancient and modern. In the Canary Islands, currency notes are also given notably different sizes, so that the visually-impaired can feel which note is which. The smallest note is worth the least, starting at €5 and increasing in value and size, up to €500. Euros are different colours, making it easy for both the fully-sighted and the visually-impaired to distinguish between them. It’s worth remembering that many shops simply don’t have the change to deal with the larger notes, so you can make your life a lot easier by carrying only smaller denominations of Canary Island currency.
Using Euro Coins
Much like the British Pound and Pennies, one Euro equals 100 cents. These are available as 1, 2, 5, 10, 20 and 50, before you get up to the Canary Island currency equivalent of the one and two-pound coins: the one and two Euro coins. Much like the notes, the Canaries currency carries pictures of Spanish culture, such as famous sculptures, buildings or pieces of art. While the currency the Canary Islands uses might be unfamiliar at first, paying for items with the right change can help you avoid coming home with a load of useless tender: Euro coins are too small in worth for banks to convert them back into Sterling.
Cards and Bank Charges
Traveller’s cheques were once an easy way to get Canary Islands currency, but they’re becoming less common. Credit and debit cards are a much better bet: there are plenty of ATMs in the larger towns and cities. Some British banks charge commission on cash withdrawals in other countries, so it’s worth checking with yours what they charge on Canary Island currency, before you go.
If the idea of the Canaries currency still sounds a bit daunting, there’s another option to consider: to save time you can get your Euros in advance from Thomas Cook’s website or instore. We’re happy to answer any questions you might have about the official currency Canary Islands uses and can provide you with other options, such as our handy pre-paid Thomas Cook Cash Passport, and money reservation services.