• What is a currency converter?

  • A currency converter is a tool to calculate the exchange rate between different currencies in real time. By entering an amount of a certain currency, you can find out instantly the equivalent in other currencies.

  • What is the exchange rate?

  • The exchange rate is the number of units of a currency that must be delivered to obtain one unit of another currency. This quote includes supply and demand on wholesale currency markets, influenced by factors such as a country's balance of payments, inflation, or interest rates and the monetary policies operated by the central banks; this is why the exchange rate fluctuates continuously.

  • How can I change euros into foreign currency notes?

  • If you need to change euros into foreign currency, you can request the banknotes from the Santander mobile banking app or through online banking by accessing from the web. Next we show you how to request banknotes online:

    Requesting foreign currency with online banking

    Use your password to access Online Banking and follow these steps:

    1. Select your account.
    2. Select the "Purchase foreign currency" option on the right-hand menu.
    3. Fill in the form with the bank account where you want to charge the transaction, the amount, the foreign currency you need, and the branch where you wish to collect the notes. You must also state the method you wish the bank to use to contact you to collect the notes.

    Requesting foreign currency exchange with the Santander App

    Open your Santander App and use your password to go to your global position, and then:

    1. Click on “+” on the main menu.
    2. Select the "Foreign currency" option.
    3. In this menu, select the currency you require, state the amount you want, and select the branch where you wish to collect the currency. We will contact you to inform you of the date and time for collection.
  • What is the difference between currency and foreign exchange?

  • Foreign exchange is the monetary unit of a country when it is used outside the country to carry out transactions such as trade exchanges, transfers etc. The currency is the physical unit inside the country, i.e. banknotes and coins.

    So, when you travel to another country, you will need to change currency to acquire cash to make payments in the country you are going to. A foreign currency exchange refers to purchases and sales which do not entail the movement of any physical cash, such as, for example, international transfers.

You might be interested in