Queen Letizia, 45, was with her husband to give out trophies at the Terrorism Victims Foundation Awards today.
The Spanish royal complemented her husband, who wore a light grey suit, in grey check.
Letizia’s dress featured an unusual cutout floral design on top of the check print.
Underneath the grey was a lining of peach silk, which could be seen through the floral cutouts.
Keeping covered up, Letizia paired the dress with a pair of sheer black tights and black court shoes.
She wore her hair in a slight side-parting, keeping it off her face with a small clip.
As befitting the occasion, Letizia kept her makeup simple, wearing a nude lipgloss and brown eyeshadow.
Letizia was recently spotted out in a very different outfit from the one she wore today.
The Queen oozed sex appeal in pointed leather boots while out in Madrid.
She wore a chic black outfit for the visit, co-ordinating tones to keep the look interesting.
A black winter coat, belted tightly at the waist, was the main focal point of the outfit.
A pair of skintight charcoal trousers were worn underneath.
In her hand, Letizia carried an oversized black leather clutch bag.
But it was another accessory that caught the attention of passers-by.
Letizia chose a pair of sexy black leather ankle boots to complete her look.
The pointed toe, patent leather boots lent a steamy edge to an otherwise austere outfit.