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New Currency: The Icelandic Krona

Now you can exchange your Icelandic Kronas with the best rates

As you know, in Eurochange we try to adapt our supply of foreign exchange to the requests of our customers. So after the requests that you have made of Icelandic Krona, we have this currency available. If you’re  traveling  to discover the “Land of Ice” do not miss this post.

Svartifoss Waterfall - Iceland
Svartifoss Waterfall – Iceland

 

The Icelandic Krona

The Icelandic Krona is the oficial currency of Iceland. its ISO code is ISK 4217 and is abbreviated with the letters kr. Each Krona is divided into 100 aurar, but currently the smallest unit is 1 Krona.

 

History

The first Krona who arrived in Iceland was the same that was used in Norway, Sweden and Denmark because Iceland was a Danish territory. In  the World War I this monetary union was dissolved and Iceland seceded from Denmark. The first Icelandic Kronas were minted in 1922.

 

Banknotes  and Coins

Icelandic Krona banknotes are 500, 1000, 2000, 5000 and 10000 Krona. Each of the names is dedicated to an important figure in Icelandic culture and tradition. As the writer Jónas Hallgrímsson; Ragnheidur Jónsdóttir, third wife of Bishop Gísli Þorláksson; the painter Jóhannes S. Kjarval; Brynjólfur Bishop Sveinsson or Jón Sigurðsson, leader of the Icelandic independence movement in the Nineteenth Century.

The Icelandic Krona coins are 1, 5, 1.0, 50 and 100 Kronas. A bull, a faucet, a dragon and a giant: in the reverse these four guardian spirits of Iceland appear. And on the cross appear different species of typical marine animals.

On the website of the Central Bank of Iceland you can see how  are the coins and currency notes.

 

Icelandic Krona rate

If you are traveling to Iceland and need to buy Icelandic Kronas, on our website you can see the rate daily updated. And you can ask an order of  the Crowns you need and receive them within 48-72 hours.

If  when you return you need to change your spare Crowns back to Euros, you can change them at any of our offices.

Have a good trip!

New banknote of 5 Australian dollars

The new 5 Australian Dollars note has arrived

Since last September 1st a new note of 5 Australian Dollars is circulating.

Design of the new 5 AUD banknote
New 5 Australian Dollars note

 

New series

This is the first banknote that is emitted from the new series. The 5 banknote of Auatralian Dollars  has entered into circulation this month and 10 Dollars note is expected to do it in 2017. Other denominations will be progressively issued.

At the moment the two series will coexist in circulation.

 

New design

The new Australian Dollar 5 note design keeps the portrait of Queen Elizabeth II, but incorporates new elements. On the back, an image of the New Parliament Building with the courtyard and its mosaic. In the transparent strip that crosses the ticket from top to bottom, appear species of typical plants and birds of the country.

 

Security measures

The Australian Dollar is one of the most reliable world currencies and their security measures are maintained to keep it that way:

     · Several holograms and iridescent paints that change their colors by turning

     · Transparent window

     · Relief painting

     · Microscopic painting

 

Improvements for the visually impaired

The new banknote  will include a new measure to help people with vision problems. This is an embossed mark and it is included by the first time in an Australian banknote. In addition, the above measures to improve the identification of the note still exist: bright colors, high contrast colors and sizes for each note.

On the website of the Reserve Bank of Australia you can find more information about this new banknote.

If you need to buy Australian Dollars in  Eurochange you will find  the best price. You can make your order online now and receive  them at home in 48-72 hours.

Have a good trip!

The 500 Euros banknote

Information about the 500 Euros banknote

From putting them into circulation int he year 2002, the denominations of the banknotes in euros have been of 5, 10, 20, 50, 100, 200 and 500 Euros. However from a time ago there is a speculation about the possibility of removing of the circulation the banknote with the higest value, the 500  Euros banknote.

500 Euros banknotes
500 Euros banknotes

 

Why removing the 500 Euros banknote?

The main reason to remove the 500 Euros note is that it is considered that its use is criminal, that is, it is used to whiten the money and  to finance the terrorism. For this reason there were those who thought that should be removed immediately and replaced by banknotes of 100 and 200 Euros and there were those who believed that the change must be more progressive.

 

The end of the  500 Euros banknotes

The European Central Bank announced last May that the new Europa serie will not have 500 Euros banknotes. From this serie it will be manufactured the rest of denominations: 5, 10, 20, 50, 100 and 200.

The new banknotes of 100 and 200 will be issued at the end of 2018 and in that moment they will cease to issue  500 banknotes of today.

Although they cease to issue, the current 500 Euros notes will remain legal tender for an unlimited period like the rest of denominations of the first series of Euros.

The Brazilian Real

Information about the Brazilian Real, official currency of Brazil

On Friday, August 5th, the Rio de Janeiro Olympic Games will start. If you are one of the lucky ones that will travel to Brasil to enjoy the Games or you just will visit this amazing country, don’t miss out on this post about their currency, the Brazilian Real.

Brazilian Real banknotes
Brazilian Real notes

 

The Brazilian Real

The Brazilian Real is the legal tender in Brazil. Its ISO 4217 code is BRL and its symbol is R $. Each Real is divided into 100 cents.

 

History

The Real was the currency used until 1942, between 1942 and 1994 there were large fluctuations in the Brazilian economy so several different currencies followed (like Cruzeiros and Cruzados that are not valid nowadays). In 1994 they returned to take the Real as its official currency in a plan that sought to curb inflation suffered for three decades.

 

Notes and coins

Brazilian Real banknotes are 2, 5, 10, 20, 50 and 100 reais. Currently there are two sets of notes and the two are legal tender so far. On the front of the banknotes there is an image of the Effigy of the Republic, on the back of the banknotes you can see images of some representatives of the Brazilian fauna: a sea turtle, the grear egret, the red macaw, the golden lion tamarind, the jaguar and grouper fish.

Brazilian Real coins also have two series. The first series is still legal tender and the amounts are 1, 5, 10, 25 and 50 cents. In the second series the currencies of these amounts were renovated and added the 1 Real.

You cn have a look to the notes and coins on the site of the Brazilian Central Bank: first series notes, second series notes, first series coins and second series coins.

 

Brazilian Real Rate – BRL

On our rate chart you can check the rate of the Brazilian Real daily updated. You can also make a reservation if we have this currency in stock or you can directly buy the currencies online and you will receive them at home in 48 hours.

South African Rand

Information about the currency of South Africa, the South African Rand

The Rand is the official currency of South Africa, Swaziland and Lesotho (which form a common currency space) and although Namibia is separated from this union, the Rand remains legal tender there. Its ISO code 7214 is ZAR and is represented by “R” symbol. Each Rand is divided into 100 cents.

Banknotes of South African Rand
Notes of Southafrican Rand

 

History

The rand was introduced in 1961, the same year that the Republic of South Africa was proclaimed to replace the South African pound. In the beginning, the Rand had a higher value than the dollar, but suffered a major devaluation and has not come to be equated to its value at the time.

 

Notes and coins

South African Rand notes are 10, 20, 50, 100 and 200 Rand. They are issued by the South African Bank Note Company (SABNC) along with the Federal Bank of South Africa. In the front of the banknotes shows images of “the big 5“, the five most representative mammals of Africa: rhino, elephant, lion, buffalo and leopard. On the back of all the bank notes is the image of Nelson Mandela.

South African Rand coins are 1, 2, 5, 10, 20 and 50 cents and 1, 2 and 5 Rand. They are issued by the South African Mint, who depends on the Federal Bank. On the coins different species of flora and fauna appear.

 

South African Rand rate (ZAR)

If you need to exchange your Rand, you can check our daily updated rate of the Rand on our website. Moreover, you will be able to order your Rands and collect them from your nearest collection branch or to choose home delivery.

Have a nice trip!

New 50 euros banknote

The European Central Bank has launched of the new note of 50 Euros

The European Central Bank has launched this week the design of the new note of 50 Euros from the Europa Series. We show you how is going to be.

Front of the new 50 EUR note

Back of the 50 Euros new banknote
New 50 Euros banknote

 

Europa series

The new note of 50 Euros has a design similar to its predecessors in this series

(banknotes 5 €, 10 € and 20 €):

– Printing embossed on the side

– The silver band with holograms

– The semi-transparent window

– The amount printing with metallic emerald green ink

 

Validity

The new banknotes of 50 Euros will come into force in early 2017. The exact date is yet to be determined.

By the time the new series will coexist with the old that will be phased out. It is not specific date foreseen withdrawal of the previous series.

 

More information

If you want to know everything about the new note, the European Central Bank has set up a page so that you have all the information: Ecb Europa

 

Euro rate

If you are traveling to Spain and you need to change your currency to Euros, on our website you can check the exchange rate updated daily. You can also make a reservation to have your Euros available upon arrival.

Thai Baht

If you are going to travel to Thailand, read this post

Thailand is one of the most important tourist destinations in Asia. Its offer is very extensive as an exotic destination, with beaches and nature, and also with a country where the traveler finds an amazing culture, tradition and gastronomy. If you are planning a trip to Thailand, don't miss this post to learn a little more about your currency. It will be very useful to get to know you before the trip.

Thai Baht banknotes

Thai Baht

The Thai Baht is the official currency of Thailand. Its ISO 4217 code is THB and its symbol is ฿. Each Baht is divided into 100 satang.

History

The baht was introduced in 1897 to replace other currencies that were based their value with weight. In thai the word baht is a unit of weight, as can be a kilo or a pound.

Until 1910 there coexisted with coins of the decimal system with the former older coins and from that year they started to issue only the Baht that we know today.

Notes and coins

Baht banknotes are 20, 50, 100, 500 and 1000 Baht. In the front of the banknotes appears a picture of King Rama IX and on the back are images of previous kings.

Baht coins are 25 and 50 satang and 1, 2, 5 and 10 Baht. The King Rama IX appears on the heads of the coin and on the tails appears different temples of the country.

On the website of the Bank of Thailand you can check the legal tender notes and coins. 

Thai Baht rate

On our website you can see the daily rate of the Thai Baht. You can also buy the Thai Baht that you need for your trip or make a reservation for your nearest office if we have availability. In addition, on your return you will be able to change the leftover notes in Baht again to Euros in any of our offices. If you want to know a little more about Thailand, we invite you to read our post "5 interesting facts about Thailand".

Enjoy your trip!

New 5 Pound note

This is the design of the new 5 Pounds polymer note

Yesterday the Bank of England unveiled the new design of the 5 Pound note. It will be the first British note that will be printed on polymer instead of paper and will be released on September 13th of this year.

Design of the new polymer 5 Pound note

New material

As we explained in a previous post about the new polymer 5 Pound note, this material is cleaner and resistent and can incorporate new security features which will make them more difficult to counterfeit.

In addition, the new 10 and 20 Pounds polymer notes will include a relief stippling to help blind people to identify the notes. The 5 Pound can be distinguished by the absence of this feature.

New image

On the front of the note the image of the Queen of England appears, like on the notes we already have. On the back is a tribute to the Prime Minister and Nobel Prize winner for Literature Winston Churchill.

The old banknotes

At first the old 5 Pound notes will coexist with the new ones in circulation. From May of 2017 the old notes will no longer be valid and will only the new polymer banknotes will be legal tender, but until then we will continue to use them as normal.

Exchange Pounds to Euros

If you come to Spain and you need to exchange your Pounds to Euros, you can do so at any of our Exchange offices where we will give you the best price without minimum or commissions. Make a reservation right now.

If you live in Spain and want to buy Pounds for your visits to the UK, you can also do it in our Exchange offices with currency sales service or through our website. Buy now your Pounds.

Have a good trip!

The Mexican Peso

If you are going to travel to Mexico, don’t miss out on this post

If you're traveling to Mexico soon, don't miss our post to learn a bit more about its currency, the Mexican Peso (MXN).

The Mexican peso is the official currency of Mexico. Its ISO 4217 code is MXN and its symbol is $. Each peso is divided into 100 cents.

Mexican Peso banknotes

History

At the time of the conquest, the Spaniards introduced coins they carried and used them in conjunction as ways of payment with the natives (along with cacao, beads, feathers) or trade. In the sixteenth century the first factory of minting (Mint of Mexico) was inaugurated and began to mint the Peso. In 1925 the Bank of Mexico would be responsible for issuing the bank notes are created. In the 90s, due to inflation, the old peso was replaced by the new peso, as we know it today.

Notes and coins

Mexican Pesos banknotes are 20, 50, 100, 200, 500 and 100 Pesos. The 20 and 50 are polymer and 100, 200, 500 and 1000 are cotton paper. There are a number of notes in circulation plus two Mexican independence commemorative banknotes, the 100 and 200 pesos.

Mexican Pesos coins are 5, 10, 20 and 50 cents and 1, 2, 5, 10 and 20 pesos.

Mexican Peso rate (MXN) On our website you can check the rate of the Mexican Peso daily updated. You will be able to make a reservation of Pesos (if we have them in stock) or if you prefer you can directly buy your Mexican Pesos and receive them at home. Remember that you can exchange your leftover Pesos back to Euros in any of our exchange offices. We just accept notes, so remember to change the coins before you leave Chile.

Developments in the Swedish Krone

Important information about the old Swedish Krone notes

In a previous post we told you about the Swedish Krone banknotes being updated in October 2015. Today we want to give you important information about this process.

New Swedish Krone notes manufacturing

Goodbye to the old notes

On October 1, 2015 the National Bank of Sweden began issuing new banknotes of 20, 50, 200 and 1,000 Swedish krone. The 200 Krone was a new addition, since there was no edition in the previous series of banknotes.

The new notes of 20, 50 and 1,000 will be circulating with the old notes until the 30th June 2016. Until that time comes, in Sweden they may use either the old or new notes. The 100 and 500 Swedish Krone of the old series remain valid as yet not been issued new versions.

Important information about the change in Swedish Krone

However for reasons beyond Eurochange, from now we can not exchange 20, 50 and 1,000 Krone notes of the old series. We can only accept the new banknotes of these denominations. If you remember during these months are traveling to Sweden, you can buy Swedish Krone that you need at Eurochange and also exchange back any spare notes when you get back from your trip. Just remeber that they must be 20, 50 and 1,000 Krones of the new series.

When you make purchases try and make sure when you recieve change back that they are the new denominations or 100 and 500 krones which still remain valid.

What if you still have the old series notes?

The way to change notes that are no longer in circulation is to go directly to the National Bank of Sweden, fill out a form and there they change the note.

You can also request to change notes on the website of the National Bank of Sweden and send the notes by mail but this requires a bank identification number that only Swedish citizens have.

If none of these options is valid for you, you can contact the Swedish Consulate in Spain, maybe there they can find out about how to make the process.

The Chilean Peso

If you are going to travel to Chile, read this post

The Chilean Peso is the official currency of Chile. Its ISO 4217 code is CLP and its symbol is "$". Each peso was divided into 100 cents until 1984 where cents were eliminated.

Chilean Peso banknotes

History

The Peso was introduced in Chile in 1817, when the country gained independence. In 1959 it was replaced by the Escudo, but in 1975 was reacquired as the Peso.

Bills and coins

Chilean Peso banknotes are 1000, 2000, 5000, 10000 and 20000. The notes of a 1000, 2000 and 5000 are made of polymer, while higher denominations such as 10,000 and 20,000, are made of cotton paper. The obverse shows images of remarkables Chileanes of military, independence, writers. On the reverse appear different natural landscapes with their typical animal species. On the website of the Central Bank of Chile you can see the old notes which have no longer have legal validity to check if we can accept them, take a look on: ​​Billetes y monedas

Chilean Peso coins are 1, 5, 10, 50, 100 (the new edition coexists with the above) and 500 Pesos. On the coins they have the images of the liberator Bernardo O'Higgins, the shield of the country, a Mapuche Indian and Cardinal Raul Silva Henriquez.

Chilean Peso rate (CLP)

On our website you can check the rate of the Chilean Peso daily updated. You will be able to make a reservation of Pesos (if we have them in stock) or if you prefer you can directly buy your Chilean Pesos and receive them at home.

Remember that you can exchange your leftover Pesos back to Euros in any of our exchange offices. We just accept notes, so remember to change the coins before you leave Chile.

New 50 Swiss Francs banknote

Information about the new 50 Swiss Francs banknote

In a previous post we explained about the Swiss Francs to help you familiarize yourself with this currency before your trip to Switzerland. In our post today we find out more about the new 50 Swiss Francs banknote

Design of the new 50 Swiss Francs Banknote

The ninth series

A few days ago the Swiss National Bank announced the beginning of circulation of the new 50 francs banknote which is the first that is emitted from the ninth series. The other notes of this new series will be issued between 2016 and 2019 and at the moment both series will coexist until further notice.

New features

The design of this new series focuses on highlighting the many aspects of Switzerland and abandons the previous concept of representing famous people of the country.

This new notes has the wind as the main feature. On it shows images of a dandelion, a glider, a mountain range and a globe with arrows indicating the wind directions.

In addition, this new series includes new security measures along with traditional and intricate design, making it a much more reliable banknote.

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