How to request foreign currency exchange with the Santander App
Click on "+" in the main menu to access "Foreign Currency". Then select the currency you want, the amount and the branch where you want to pick up your currency in cash.
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.
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.
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:
Use your password to access Online Banking and follow these steps:
Open your Santander App and use your password to go to your global position, and then:
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.
There are some 170 currencies on international markets, but only 13 of them are convertible. Non-convertible currencies can only be used as a means of payment in the country of origin. Some of the most common due to the volume of commercial transactions and traveller flows are:
Invest in company shares and access the stock market.
Reduces the risk of doing business in other currencies.
You might be interested in