Always use a change booth, savings bank or a bank, when you change your money on a vacation.
 
It is also possible to change your money in most hotels, but as a rule you will here receive a value 5 - 10 % lower than if  you  use change booths, savings bank or banks.

Never make a change on the street. Those who tries to make you change there, is as a rule only trying to cheat you, and you risk ending up with a lot of counterfeit.

In Gran Canaria, as in most other countries of the European Union (Belgium, Ireland, Italy, Germany, Greece, Spain, France, Luxembourg, the Netherlands, Austria, Portugal, Finland.....), the official currency is the Euro since January of 2002. One Euro is divided into 100 centimes. There are eight different coins worth 1, 2, 5, 10, 20, and 50 centimes, € 1 and € 2. Banknotes come in 7 denominations: 5, 10, 20, 50, 100, 200, and 500 Euros.

See the newest rates of exchange XE.com Personal Currency Assistant.

For more information on the Euro visit the Euro web sites at http://europa.eu.int/euro or http://www.euro.ecb.int.