Best Euro Exchange Rate

How do I get the best Euro exchange rate?

 

With the dollar trailing the Euro in currency exchange rates, now may seem like a bad time for international travel.  There are several tricks on how to get the best Euro exchange rate when traveling in Europe.  The best Euro exchange rate can make you dollar go just a little bit farther when traveling, which is especially useful when traveling on a budget.

The best Euro exchange rate came about in 2002 when the Euro was introduced.  Several European nations adobted a universal currency, making it easier to travel in the region.  The introduction of the Euro made travel in Europe easier since you no longer had to exchange currency when traveling between countries that are so close together.  It also saved residents of those European countries from having to carry around several different kinds of currency.

There are several tricks available to the savvy traveler for getting the best Euro exchange rate.  The best Euro exchange rate is hard to find in Europe if you don't shop around, and going to the kiosk in the airport definately won't get you the best Euro exchange rate.  Most websites that advertise the best Euro exchange rates tend to be off, and will charge quite a bit extra in handling and processing fees, which is why they should be avoided. 

Local banks in Europe offer fairly good exchange rates, but to get the best Euro exchange rates, try just using the ATM.  Most European ATMs will accept an American bank card or credit card, and the amount you take out will be in local currency.  The best Euro exchange rates will be from you hometown bank, and you should have a minimal fee for using the cash machine.

You can also simply use a credit card when you can to get the best Euro exchange rate.  Credit card companies will perform the conversion of you purchases back into U.S. dollars, usually at no fee.  You should let you credit card company know you will be using your card in a foreign country so purchases aren't flagged, and they will also tell you if there is a fee associated with the conversion of currency.

Finding the best Euro exchange rate is easy, as long as you do a little research before you go.

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