International Currency Transfers. Made Simple.
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We’ll keep you updated on your money transfers, you’ll get an email when:
You can manage your transfer through our online platform, or you can speak with an account manager.
The rate on this form is not available to individuals or business customers. This converter is based on the Interbank rate - this is used by banks to sell currency to each other and can indicate how the market is currently performing.
The Euro was introduced to world financial markets as an accounting currency on 1 January 1999. Physical Euro coins and banknotes entered into circulation on 1 January 2002. By March 2002, the Euro had completely replaced the old currencies.
Nowadays, the Euro is the second-largest and second-most traded currency in the foreign exchange market after the US dollar. It’s the official currency of 19 of the 27 member states of the European Union, and it’s used by around 343 million eurozone citizens.
Fun fact: Inspiration for the € symbol came from the Greek epsilon (Є) – a reference to the cradle of European civilisation. It’s also the first letter of the word Europe, crossed by two parallel lines to represent the stability of the Euro.
Notes: €500, €200, €100, €50, €20, €10, €5 Coins: €2, €1, 50c, 20c, 10c, 5c, 2c, 1c
Population: 46.7 million Capital city: Madrid Popular expat destinations: Barcelona, Alicante, Málaga, Seville, Valencia
Spain is the second-largest country on the Western side of Europe and has one of the most diverse cultures in the world. Originally, it was made up of a collection of folk groups, spread across multiple regions within Spain. Each group had its own cultural characteristics and identity. These groups eventually came together to form the country we all know and love today. However, there are still groups within Spain that want independence, like Catalonia and Basque.
You have the right to live and work in Spain as an EU citizen, but you need to register on the Empadronamiento at the local municipality after living in Spain for four months. Registering allows you to apply for a social security number, and you’ll need to get a medical card at the local clinic. Your national identity card lets you purchase property, open a bank account and access other services in Spain.
Homeowners pay annual property tax (impuesto sobre bienes inmuebles por or IBI) at a rate of 3% of the cadastral value for non-residents and 0.3–0.4% for residents. On top of that, every city charges a separate maintenance tax for services like utilities and waste removal – usually a few hundred Euros per year. You’ll pay around €40/month on average for electricity. Gas, water and waste removal cost another €40.
Opening an account with Currency Solutions is completely free and you’ll be able to make currency transfers anytime at our excellent exchange rates.
We appreciate that navigating the currency market can be daunting! So, a dedicated account manager will always be on hand to offer guidance.
Would you like to speak to one of our experienced brokers? Give us a call on +44 (0)20 7740 0000 or we can call you back Monday to Thursday between 8am - 6pm, and on Friday between 8am - 5pm.
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Reference Number: 602082 (for the provision of regulated products and services) and Reference Number: 512130 (for the provision of payment services). Registered Company in England. Company number: 04864491. Registered office: 4th Floor Hobbs Court, 2 Jacob Street, London, SE1 2BG. Currency Solutions Limited segregates and safeguards customers money as per regulation 23 of the Payments Services Regulations 2017.