Euro to peseta converter
Convert any amount in euros to Spanish pesetas at the official rate set when the euro arrived.
Euro to peseta converter: what it is and how it works
The peseta was Spain’s currency from 1868 until the euro arrived. On 1 January 1999 an official and irrevocable conversion rate of 166.386 pesetas per euro was set and used to convert all prices, salaries and accounts. Pesetas stopped circulating in early 2002, and since June 2021 they can no longer be exchanged at the Bank of Spain.
Even so, many people still think in pesetas to get a feel for prices. This converter multiplies euros by 166.386 and rounds to the nearest whole peseta, as was done at the time. Note that it does not account for inflation: €100 today does not buy what 16,639 pesetas bought in 2001.
How to use it
- Choose euros to pesetas.
- Enter the amount in euros.
- Read the equivalent in pesetas and in thousands of pesetas.
Pesetas = euros × 166.386Worked example
€100 is 16,638.6 pesetas, rounded to 16,639 pesetas. A €1.50 coffee would be about 250 pesetas.
Frequently asked questions
How many pesetas in a euro?
Exactly 166.386 pesetas, the official rate set in 1999.
Can pesetas still be exchanged?
No. The Bank of Spain stopped exchanging peseta notes and coins on 30 June 2021.
Does this account for inflation?
No. It is a straight currency conversion; comparing purchasing power requires adjusting for inflation.
How were amounts rounded?
To the nearest whole peseta, since pesetas had no decimals in everyday use.