The peseta was the official currency in Spain, but as in many countries of the European Union since 2002 that has ceased to be the case and the currency has stopped circulating. Tgerefore since 2002 the Euro has been the currency of used in Orihuela and the rest of Spain.
For this reason, when traveling to Orihuela, or indeed anywhere in Spain, remember that like for many of the European States that form part of the monetary union, the currency is the Euro.
If this is your first time in Spain, you have the possibility to exchange your currency in any of the Spanish airports.
It is desirable if traveling to any international destination, that before departing making sure you have small change available in that currency for those initial expenses that may crop up before you have settled into your holiday accommodation.
There is also opportunity to get foreign exchange in many of the hotels in which you can stay in Orihuela and Orihuela Costa.
You can also exchange currency in most of the banks, which are situated in the urban areas. In some very touristic destinations in Spain, there are even independent currency exchange offices that do not belong to any of the major banks.
Also remember to be mindful of the value of the euro and the current exchnge rate with regard to your local currency, in order to better calculate your expenses not only for shopping but also for tips in restaurants and bars as well as when you decide to pay with credit cards. This will allow you to achieve greater control and also organisation over the money you have for your holiday expenses.
Remember that when using credit cards, depending on how you use it and where you use it, commissions can be charged. The amount charged depends heavily on the bank and the type of payment you complete.
Therefore before leaving your country, if you are not living within the European Monetary Union, visit your bank or financial institution and ask about fees and expenses you will be charged when using your credit / debit card. Also ask for the type of ATM you should use, and the commission charged to your account by the exchange.
Finally, some tourist establishments accept travellers cheques as payment, although this is not widespread in Orihuela, so if you decide to travel with them please consult the establishment before arriving.
Normally in Orihuela / Orihuela Costa, foreign tourists exchange their currency in any of the major banks situated in the town.
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