As Lanzarote is a Spanish island, the currency used here is the Euro. You’ll find that you’ll easily be able to access both ATM machines and foreign exchange facilities in most of the resorts, as it is such a popular holiday destination. However, in order to get the best rate, we suggest that you buy your travel money before you leave the UK. You can do this either online via ThomasCook.com or in your nearest Thomas Cook store. But if you’re unsure of how much money you want to take away with you, it might be worth taking a look at the Thomas Cook Cash Passport.