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Money

What is the currency in Spain?

The official currency is the euro (€), as in the rest of the countries in the European Union.You'll find coins for 1, 2, 5, 10, 20 and 50 cents, and for 1 and 2 euros. There are also 5, 10, 20, 50, 100, 200 and 500 euro notes.The euro is divided into 100 cents.

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How much money will you need for expenses during your stay?

Although the average prices will vary depending on your destination and the time of year, the following are approximate amounts:Single bus or underground ticket, about €1.30. A beer, between €2 and €6. Cinema ticket between €5 and €9. Theatre ticket between €12 and €30. Opera or concert ticket, between €50 and €100. Breakfast with coffee, cake or pastry and juice, between €2 and €4. A daily set menu in a medium to modest restaurant, around €10. An à la carte menu may cost around €20. In a mid-level restaurant, the daily set menu will be about €36. For restaurants with a 3-fork category, it may be over €90. A double room in 5-star accommodation will cost between €200 and €300; 4-star, between €100 and €200; 3-star, between €60 and €100; in accommodation with two stars or less, below €60.

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What other ways can you pay?

By credit card: used widely in Spanish establishments. There is usually a sign at the entrance to the establishment saying which cards are accepted. You'll need to show your passport or some kind of ID when you pay.With traveller’s cheques: must be accompanied by a passport and are accepted at many hotels, restaurants and shops.

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Where can you change foreign currency?

At any bank branch or foreign exchange bureau in major cities. This service is also available in many hotels and travel agencies.

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Is tipping obligatory?

No, because all establishments in Spain include the price of service. However, it is common practice to tip in bars and restaurants, hotels and taxis, depending on the amount and on the customer's generosity, although it tends to range between 5% and 10% of the total amount.

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Can you request reimbursement of Value Added Tax (VAT)?

 If the purchaser's residence is outside the European Union, they may claim back the tax on their purchases. You must meet a series of requirements: • Purchase in a shop offering the DIVA electronic tax free form.• Purchases must be personal and not commercial.• The goods purchased must be taken to the country of residence within three months following the date of purchase.The DIVA form can be validated directly using the interactive DIVA system terminals without having to pass by the customs service offices. These terminals can be found near the customs offices at points of departure from Spanish territory (international airports, maritime ports and land borders). There are various companies in Spain authorised to process the reimbursement of I.V.A. (Value Added Tax) for tourists.Below are some of the companies that process this transaction:Global Blue http://www.globalblue.com/tax-free-shopping/spain/ Tax Free shopping. Planet https://www.planetpayment.com/en/shoppers/ Innova Taxfree Spain http://www.innovataxfree.com Comercia Global Payments http://www.comerciaglobalpayments.com/servicios/taxfree_es.htmlTax free El Corte Inglés https://www.elcorteingles.es/centroscomerciales/es/eci/servicios/tax-freeB Free! Tax Back www.bfreetaxback.com Travel Tax Free http://www.traveltaxfree.com/Additional information