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#2
07-12-2022, 09:16 AM
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No but im planning to go to Italy next month and will need to exchange some dollar bills!
Whats the best way to do this? The whole exchange rate thing never made sense in my brain. Is is good that they are 1 to 1?! 
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#3
07-12-2022, 09:18 AM
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Got a buddy there now and asked him if he is seeing any deals, and he said he is too blinded by megayachts to notice. Things might be changing.
__________________
♦️♠️ ♣️♥️
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#5
07-12-2022, 09:40 AM
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#6
07-12-2022, 09:54 AM
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Otherwise, off to an ATM while there for Euros. We never carry more then we need, as it's so easy to pick up more. In addition, we carry a bankcard from a German bank. We have my wife's family there and it's convenient.
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#7
07-12-2022, 09:55 AM
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Last time I went to Italy, I pulled out a little cash at one of the banks in Rome for shopping at the market.
But mostly used my credit card. Some cards have no foreign transaction fees. Mine had a 2% fee. But it was worth it for me, as I didn’t want to carry cash around everywhere and didn’t want to come home with euros.
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#8
07-12-2022, 10:00 AM
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#9
07-12-2022, 10:01 AM
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I’ve found the best place to buy foreign currency is AAA if you’re a member. They don’t have all the Mickey Mouse fees the banks usually charge.
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#12
07-12-2022, 10:58 AM
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Really a tough spot, because normally the central banks can depress the valuation of the currency to make it more attractive for foreign investment by lowering interest rates, but we already have inflation out the ass. It's going to be a long winter. This seems to play into Russia's attempt to topple the world order.
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#13
07-12-2022, 11:24 AM
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Every time we travel to the UK, the best exchange rates and cheapest conversion (commission free) is to exchange USD at either the post office or a travel agency, we used Thomas Cook but I think they went bust a couple of years ago. If you are changing large sums it might take an extra day to get the money in the branch but we've always got enough to get by. We usually swap any excess back before leaving the country as our US bank offers a pitiful exchange rate.
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#14
07-12-2022, 11:30 AM
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I was just in Mallorca and enjoyed having Euros near parity (it was around 1.05). It was a pleasant surprise on a long planned trip.
The best way to preserve the rate is to just pay for everything you can with credit cards. Mine has no foreign transaction fee and from what I've reviewed of my statement, I got a good rate. A lot of places will give you the option of paying with your card in Euros or Dollars (via the CC terminal). Always pay with euros. If you get charged in dollars you are guaranteed to get a worse exchange rate. I'd also be careful relying on ATMs. One place we were, we needed cash and were unable to find a bank. The only ATMs available were still exchanging at 1.16 for euros plus a 2.5% transaction fee plus a $4E convenience fee. Ended up paying like $40 on a $200 transaction. BTW, Mallorca has the best road riding I've ever experienced. I keep meaning to put up a post with some photos.
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#15
07-12-2022, 11:33 AM
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It's good for US travelers and buying parts from Uk/EU. If traveling open and account with a bank that has no transaction fee on cash withdrawals, is in a network where their debit card works, and withdraw cash as needed. Chase has zero fee cards. It also allows you to segregate vacation money in a separate account which can have multiple benefits.
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