Santander exchange rates: What you need to know

Nabil Beirouty Avatar


Jan 2, 2019

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CurrencyFees » Fee Guides » Santander exchange rates: What you need to know

Santander offers convenient ways to spend, send and receive money in a multitude of different currencies. Foreign exchange rates represent a major pricing point and there is often little clarity around them. We researched Santander’s exchange rates to provide you a table showcasing their currency rate spread.

Santander exchange rates: Information and tips

Know the latest interbank rate for your currency pairs

The interbank rate (also called mid-market rate) is the midpoint between the buy price and sell price of two currencies on the currency markets. Santander does not offer the interbank rate but instead adds a margin to it, which makes the foreign currency transaction more expensive for you. Before using Santander for international transfers, card payments abroad or your travel money needs, make sure to know the current interbank exchange rate. That way, you’ll be able to calculate FX losses on a foreign currency transaction. You can find the latest interbank rates using our currency converter.

How to calculate exchange rate loss

Here’s what you need to do in order to determine how much Santander’s exchange rate spread is going to cost you:

  1. Multiply your original amount by the current interbank rate (find it on
  2. Multiply your original amount by the exchange rate Santander offers
  3. Subtract the first amount from the second amount
  4. This is the amount you’ll lose through currency conversion with Santander

Exchange rates can vary

Banks often offer different margins depending on the product and the customer. Commercial exchange rates offered to a business customer are usually better than exchange rates for individuals. For example, the currency conversion rate on an international transfer will differ from a card payment overseas. FX rates also vary by currency and destination countries. Ordering currencies with low market liquidity is likely to be more expensive.

Beware of currency conversion fees

For most types of currency transactions, there are usually more conversion fees that apply. These can either be administrative/service fees coming from Santander, or third party fees from credit card providers or correspondent banks. Always make sure to ask your local branch manager for the full scope of fees before making a transaction involving foreign currency exchange.

Make use of alternatives

New providers and startups in the FX space have emerged to compete with traditional banks. These companies often provide better foreign currency rates than traditional banks. Make sure to compare Santander’s exchange rates with the rates of other currency providers to ensure you get the best deal.

For the best exchange rates, we highly recommend TransferWise. Enjoy your first transfer for free on transfers up to £500.

Santander exchange rate table

The exchange rate spreads below are for ordering foreign currency in cash / international money transfers / remittance. Rates on other services might differ. Those exchange rate margins are indicative at the time of research. Use the Santander currency converter or visit the nearest branch to get the latest rates.

Currency ISO Code Exchange Rate Mid-Market Rate Markup %
Euro EUR 1.0766 1.2619 14.68%
U S Dollar USD 1.2342 1.28726 4.12%
Australian Dollar AUD 1.6866 1.77169 4.80%
Bahrain Dinar BHD 0.4614 0.48401 4.67%
Bangladesh Taka BDT 97.2566 107.40829 9.45%
Barbados Dollar BBD 2.3541 2.57452 8.56%
Belize Dollar BZD 2.3685 2.58255 8.29%
Brazilian Real BRL 4.4036 4.83469 8.92%
Brunei Dollar BND 1.6434 1.76632 6.96%
Bulgarian Lev BGN 2.0445 2.20265 7.18%
Canadian Dollar CAD 1.6215 1.70204 4.73%
Cayman Island Dollar KYD 0.9673 1.05589 8.39%
Chilean Peso CLP 802.0252 863.47341 7.12%
Chinese Yuan CNY 8.338 8.93463 6.68%
Colombian Peso COP 3,761.86 4090.24668 8.03%
Costa Rican Colon CRC 704.7932 800.83975 11.99%
Croatian Kuna HRK 7.7627 8.36682 7.22%
Czech Koruna CZK 27.2058 29.32134 7.22%
Danish Kroner DKK 8.0263 8.40457 4.50%
Dominican Peso DOP 58.7207 64.22552 8.57%
East Caribbean Dollar XCD 3.2351 3.4784 6.99%
Egyptian Pound EGP 20.0333 23.05628 13.11%
Fiji Dollar FJD 2.4936 2.71581 8.18%
French Polynesian Franc XPF 121.0932 134.39079 9.89%
Guatemalan Quetzal GTQ 9.202 9.88024 6.86%
Hong Kong Dollar HKD 9.62 10.08174 4.58%
Hungarian Forint HUF 335.7658 362.05562 7.26%
Icelandic Krona ISK 145.4628 158.81695 8.41%
Indonesian Rupiah IDR 17194.1865 18780.52003 8.45%
Israeli Sheqel ILS 4.4846 4.78688 6.31%
Jamaican Dollar JMD 150.7807 160.97753 6.33%
Japanese Yen JPY 138.84 144.77847 4.10%
Jordanian Dinar JOD 0.86 0.91267 5.92%
Kenyan Shilling KES 120.0606 132.03487 9.07%
Korean Won KRW 1338.7564 1452.68464 7.84%
Lebanese Livre LBP 1748.6937 1940.54343 9.89%
Malaysian Ringgit MYR 5.0841 5.38707 5.62%
Mauritius Rupee MUR 41.2173 44.48889 7.35%
Mexican Peso MXN 24.3952 26.32637 7.34%
New Zealand Dollar NZD 1.7878 1.88354 5.08%
Norwegian Krone NOK 10.4384 10.9893 5.01%
Omani Rial OMR 0.4711 0.49495 4.82%
Papua New Guinea Kina PGK 3.8082 4.2527 10.45%
Peru Nuevo Sol PEN 3.9512 4.35624 9.30%
Philippino Peso PHP 61.4372 67.51701 9.00%
Polish Zloty PLN 4.5756 4.87103 6.07%
Romanian New Leu RON 4.8232 5.25544 8.22%
Russian Ruble RUB 78.6036 84.7692 7.27%
Saudi Riyal SAR 4.6017 4.82722 4.67%
Singapore Dollar SGD 1.6822 1.76632 4.76%
South African Rand ZAR 17.0992 18.14001 5.74%
Swedish Kronor SEK 11.10 11.63777 4.62%
Swiss Franc CHF 1.2237 1.27776 4.23%
Taiwan Dollar TWD 36.2328 39.80305 8.97%
Thai Baht THB 39.4588 42.42784 7.00%
Trinidad Tobago Dollar TTD 7.84 8.61414 8.99%
Turkish Lira TRY 6.4856 6.96838 6.93%
UAE Dirham AED 4.4481 4.72746 5.91%
Uruguay Peso UYU 38.0465 42.05069 9.52%
Vietnamese Dong VND 27521.3084 30102.71436 8.58%

Santander’s exchange rate was collected from Santander’s website on 20/11/2018. Interbank rates collected from on 20/11/2018. The information displayed on this site is subject to change at any time and we do not guarantee 100% accuracy of the information. For the today’s rates, visit Santander’s website, contact Santander’s customer support or log into your online banking and search for their exchange rate calculator. is not liable for any financial decisions based on the above information. is supported by referral compensations by some of the companies listed in our articles.

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