I can’t understand why tourists allow themselves to get fleeced at currency exchange booths in Madrid. I suppose we’ve all gone on holiday and been to these places. There is an alternative, however, and it’s called a bank! There are no shortages of banks in Madrid (you’ll see the popular ones all over the city) and practically all the main banks will be able to exchange currency for you – probably saving you a good 15-20% or more than if you went to a currency exchange booth. Here is a list of popular banks: Santander Central Hispano, BBVA, Caja Madrid and Banesto.