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Exchange Rates in Europe and Here
godsfshrmn
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Does anyone know the general difference in exchange rates for the Euro between a US bank and one in Europe? I know it is generally better to do the exchanges in Europe, but the dollar took a nice dive the past few days and I was going to exchange about 40% of what I am going to take here if there is less than about .08 or so difference.

I am leaving from knoxville, tn and traveling for 25 days
Paris, Nice, Rome, Venice, Salzburg, Interlaken, Grindelwald, Lauterbrunnen, Mürren, Griesalp, Kandersteg, Munich, Paris
Requesting help with Itinerary, Sights
augustin25
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I haven’t exchanged currency in about a decade, but I think this is hard to answer even in general because the rates that banks/exchange agencies give vary quite a bit even when they’re right next door to each other.

oldlady
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I think it depends a lot on where you are in the US. If you’re in NYC you can probably find a bank with a decent exchange rate. I live in a mid-sized city and an exchange costs me about 7% plus a $5 per transaction fee, so it’s much cheaper for me to exchange in Europre. However just withdrawing from the ATM in local currency usually works out better than exchanging money,

mb
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It’s been a while but I’ve heard it’s less expensive once you get to Europe. It is supposed to also be less expensive to use your ATM over there. What I do is to make a large payment on my credit card and use it like a debit card. This is supposed to be a good way to get a fair exchange rate.

Eat the food, use the wrong verbs, and end up getting charged double.

stockmanjr
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As long as your only using it at a point of sale and not as a ATM card that’s a good plan! Generally I exchange a small amount of cash before leaving and then hit the ATM when I arrive.
Cheers
Howie

I am leaving from nyc with $2000 for 8 days
London, Leeds, Manchester