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Canary Islands (Euro)
The Canary Islands are part of Spain. Spain officially uses the Euro as the local currency having introduced Euro notes and coins at the beginning of 2002. The Euro is divided into 100 cents.
Currency regime
The Euro floats against the other major currencies with the European Central Bank (ECB) targeting inflation rather than the exchange rate, although intervention will be considered in exceptional circumstances.
Commercial rates
As at September 26th 2007, the Euro was trading around 1.4120 against the dollar
Tourist rates
On September 26th 2007, the Euro was trading around 1.37 against Sterling. For 1 UK pound you will, therefore, receive around 1.37 Euros. You may also see the rate quoted in terms of Euro/Sterling rather than Sterling/Euro giving a rate of around 0.73.
Buy your holiday and travel currency - Buy online securely with extra convenience and get better tourist rates than at the banks.