Money Transfers to Cyprus

HiFX
FCA Regualted: FCA Regulated
Margin Rate: 5%
100,000 gets you: 112,338 EUR
Ebury Partners
FCA Regualted: Not FCA Regulated
Margin Rate: 2%
100,000 gets you: 115,886 EUR
Global WebPay
FCA Regualted: Not FCA Regulated
Margin Rate: 3%
100,000 gets you: 114,703 EUR
Travelex
FCA Regualted: Not FCA Regulated
Margin Rate: 5%
100,000 gets you: 112,338 EUR
Bank of Cyprus
FCA Regualted: FCA Regulated
Margin Rate: 5%
100,000 gets you: 112,338 EUR

Currency for Cyprus - Currency code CYP

The Euro (EUR) is now the official currency of Cyprus. Cyprus prior currency, the Pound, has now been phased out as legal tender and is no longer accepted.

Euro Currency Denominations - Note Currency 5.00 Euro's - 10.00 Euro's - 20.00 Euro's - 50.00 Euro's - 100.00 Euro's - 200 Euro's and 500 Euro's

Change Currency - 1 Euro Cent - 2 Euro Cents -1.00 Euro Coin - 2.00 Euro Coin - 5 Euro Cents - 10 Euro Cents - 20 Euro Cents and 50 Euro Cents

Making regular transfers to Cyprus where it is advised that if you are sending regular payments abroad you should use a foreign exchange broker to ensure you get the most out of your exchange rate. Sending Money Abroad. to Complete application form, Provide ID such as Passport then you can confirm amount to be sent with a provisional Currency rate will be agreed allowing you to send funds to foreign exchange broker where they will convert money to currency required and send money received and sent as required

Currency restrictions
There are no restrictions on the import and export of either local or foreign currency. Without restrictions you may import traveller's cheques, but cash amounts in excess of USD $1000 equivalent should be declared on entry if you intend to re-export a significant quantity of it.

Bank Opening Hours -Mon-Fri 0815-1330 May-September; Mon-Fri 0830-1330 and Mon 1515-1645 Oct-Apr.
In Cyprus, you can exchange your currency at most Banks as well as many exchange bureaus that you will find in popular areas, such as Nicosia, Limassol, Larnaka, Paphos. In most banks when you are exchanging currency, you will need your passport. If you do not have this with you, then the bank may refuse to exchange your currency.