jerryjash Posted September 11, 2009 #1 Share Posted September 11, 2009 What is the best way to exchange Dollars for Euros and get the best exchange rate? Link to comment Share on other sites More sharing options...
AmoMondo Posted September 11, 2009 #2 Share Posted September 11, 2009 Sometimes you get better rates ordering online. Sometimes 9depending on the type of card you have, the most convenient way is just to withdraw euros from an ATM as you need them. that way you aren't carrying huge amounts with you and don't have the costs of converting back if you don't use them all. Some people's bank's have good deals too. You really need to shop around if you want the best deal on rate and commission. However if you intend to pay most larger purchases by credit card and only need small amounts of actual cash, then there has to be a huge difference in rate to make that much of a difference to the total cost. Link to comment Share on other sites More sharing options...
navybankerteacher Posted September 12, 2009 #3 Share Posted September 12, 2009 Generally, you will get the best rate by withdrawing Euros as needed by using your ATM card - banks will give you a better exchange rate on their ATM than they would if you came in with Pounds, Dollars, or whatever; and a much better rate than any Change Bureau would give. Also, you avoid the risk of carrying too much cash at any time, or of winding up with a pile of Euros at the end of the day. Link to comment Share on other sites More sharing options...
Signor John Posted September 13, 2009 #4 Share Posted September 13, 2009 ATMs generally give the best rate, but make that your bank doesn't levy a surcharge of several percent on withdrawals. Many U.S. banks these days hit you with a double whammy: They take several percentage points on top of the clearinghouse's 1 percent commission, AND they charge a transaction fee of several dollars per transaction. Most U.S. credit-card companies have surcharges or "conversion fees" of anywhere from 2 to 5 percent, too--not just on foreign-currency transactions, but sometimes even on U.S.-dollar transactions outside the United States. Mind you, traditional exchange counters aren't any less greedy: My wife and I were in Venice a while back and saw that Travelex was charging an 8.5% commission on U.S. dollars plus a €3,50 handling fee. Link to comment Share on other sites More sharing options...
boca7 Posted September 20, 2009 #5 Share Posted September 20, 2009 I ONLY USE VISA capital one card out of the country as they are still not charging an exchange chg, almost everone accepts visa. Link to comment Share on other sites More sharing options...
Mr & Mrs Canada Posted September 26, 2009 #6 Share Posted September 26, 2009 ATM card. Convenient, virtually theft-proof (you can't loose cash you have not yet withdrawn), up-to-date rates. Why use anything else? Link to comment Share on other sites More sharing options...
boca7 Posted September 27, 2009 #7 Share Posted September 27, 2009 Because I don`t want to pay exchange rates!!! Link to comment Share on other sites More sharing options...
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