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Foreign Currency. The currency now used in Majorca is the Euro. Foreign currency is easy to obtain before you go from Travelex, any bank, the Post Office and also branches of Thomas Cook. Once you are in Majorca currency can be exchanged at banks, bureaux de change. You can also withdraw cash from various cash points as you would at home. You can select 'English' when following the instructions. Below is a currency converter which you can use to convert any amount from one currency to another.
The peseta was replaced by the euro (â¬) in 1999 on currency exchange boards. Euro coins and notes were introduced in January 2002, and on 1 March 2002 the peseta lost its legal tender status in Spain, and also in Andorra. The conversion rate was 1 euro = 166.386 ESP.