where should i exchange american dollar into euro?
i am traveling to greece in june for my honeymoon. im not sure if i should bring american money and exchange it at hotel or exchange it here- or even if travelers check’s are a better option.
Extra tags:
- best way to exchange money for greece,should we exchange american dollars to euro\s in greece,the best way to exchange the dollar into the euro,where is better to exchange american dollar into euro
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Tagged with: American • american money • greece • honeymoon • June • money • travelers check • traveling to greece
Filed under: Currencies
Don’t bother with travellers’ checks. They’re expensive and inconvenient to use in Europe. If you have travel insurance with a low excess and you keep your ATM card safe in your hotel, you can deal with any theft you suffer.
Check what rate you can get from your own bank for cash Euros, but if they charge a commission or the rate is really bad, just use your ATM card in Greece. Check that it works with the Maestro ATM network and that your PIN is only 4 digits. Longer ones won’t work here.
In many shops and restaurants you can pay by credit card.
Tell all your card issuers where you’re going, so they don’t block charges from Greece as suspicious. If you don’t, they’ll think someone cloned your card.
Carry some US$ cash as a backup, and if possible exchange it in banks. The rates are better. Any exchange office that charges a commission is ripping you off, the good ones just make money on the exchange rate.
I’ll agree with most of what "quackingdonkey" said. You will get much better exchange rates by using credit cards whenever possible and your ATM card for getting cash. ATM cards with a Visa or MasterCard logo will be widely accepted. And, ATMs are open 24/7, so you don’t have to worry about running short of cash during evenings, weekends, and holidays.
You can check the website of your ATM card network to find ATM locations in Greece. There should be plenty if your card has a Visa or MasterCard logo.
Definitely notify your card (credit cards and ATM cards) issuer that you are traveling before you leave.
However, don’t leave your ATM card (or your passport or anything else of value) in your hotel. That’s leaving you open to having it stolen. Carry it securely on your person. A small money pouch under your clothes works best because no one can tell that you have it. Hotels won’t take responsibility for anything that is left in your room and stolen. Leaving it in the hotel safe doesn’t help because you won’t have your cards when you need them.
Travelers checks will not get you as good of an exchange rate. Cash gets you the worst exchange rate and you have to worry about losing it or the (admittedly small) chance that it will be stolen.
I stopped carrying travelers checks to Europe 11 years ago and I’ve never missed them.