Currency Exchange For Travel Guide

7 May, 2009  |  Written by  |  under Travel

In less than eight days, my wife and I are going to travel to France. I can’t tell you how excited I am for this trip.

With about a week left, I have begun to look for the best way to exchange money in Europe. Since I did all of this research, I thought that I would share it with you in this currency exchange for travel guide.

Budget travel in France is not easy.  The value of the U.S. Dollar vs. the Euro is down, and Paris is an expensive city.  So, the last thing that I want to do is waste my money paying currency exchange fees or getting a bad exchange rate.

Here are 5 tips for travel currency exchange:

  1. Don’t exchange your currency before you leave home.  I know, you are scared that you won’t have time to get it once you are there.  But, this is a costly mistake.  You will pay a lot more money to convert dollars to Euros in the United States.  I almost made this mistake.
  2. Know the current foreign currency exchange rate.  Knowledge will always save you money.  You have to know the current foreign exchange rate.  If you don’t you will never know if you are getting a good deal.
  3. Exchange money using the ATM machine.  We love to complain about ATM machines, but they sure are wonderful machines.  Not only are they convenient, but they also provide the best place to exchange money for travel.  Most ATM machines will not charge you a fee for the currency exchange.  Sure, you will have to pay an ATM usage fee, but not a fee to exchange money.  Wow, it is amazing that the most convenient way to exchange currency is also the most cost effective.  How often does that happen?
  4. Use the ATM machine only once.  Don’t keep going back to the ATM machine over and over.  This will cost you a lot of money in ATM fees.  Instead, just take out the amount of cash you think you need the first time.
  5. Use your credit card.  While this isn’t a way to exchange money, using a credit card for travel is a great way to buy things.  Not only do you not have to carry around a lot of money, but credit card purchases provide extra benefits like extended warranties.

Wow, I am getting excited for my trip to France.  I will be posting pictures of Paris, Versailles and Normandy during my trip.

Do you have any good tips for traveling to France?  I would love to hear them.

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