MoneyEveryone thinking about going on a vacation to Europe
immediately starts planning to buy travelers checks. What a waste. I have been
to Europe many times and never never used a travelers check even once. Madison
Avenue has spent untold millions convincing travelers that a check which you can
replace if it is lost or stolen is the only way to carry spending money. I guess
that is true if you are unconscious or klutzie.Well
that all may well have been true at one time, although I even doubt that. But
now with ATM cards, the travelers check is not my suggestion.First,
take cash. Good American greenbacks. $50 bills or $100 bills are the best. Then
as you need the currency for the country you happen to be in, you can make the
exchange. Twelve countries now use the EURO. If you will be visiting these
countries exclusively, then you can change your money for them before you leave.
That would get you the better rate. Plus you could do that from the convenience
of your own bank, usually. If your bank does not order foreign currency, find
one that does.  The
Euro is the currency of twelve European Union
countries: Belgium, Germany, Greece, Spain, France, Ireland, Italy, Luxembourg,
the Netherlands, Austria, Portugal and Finland.
There is a daily exchange rate which fluctuates somewhat. Here is a
currency converter which you might want to play with to get the feel for
currencies of various countries and the American dollar equivalent. Click HERE
for the converter.
Here are more tips about money in Europe.
Be sure to hold change in various currencies where you plan to visit
for the luggage lockers at train stations. Sometimes finding change is time
consuming.
Study the picture of coins and bills so you will know the value. Size is not
always a clue to the value. You may want to take along a chart with the
equivalent values to the dollar.
ATM machines will give you currency of the local country. There are
even more sophisticated ATM's that will dispense currency other than the country
you are in. Be sure to ask for what you want when you punch in the buttons.
A way to budget your cash is to exchange each day the budget you can
spend for that day in that country. That way when you run out of money, you know
when to quit. This also means you will use the last few coins to find something
to buy rather than return with more souvenir coins than you want. Those foreign
coins will have no value here. Infact I have been to coin shows where a 1 SFR
Swiss Franc (about 75 cents American) is sold for 25 cents and a 5 SFR (about $4
American) is also sold for 25 cents. Go to a coin show in the USA. You may be
surprised what you will find there in the foreign coins box.
Here are links to pages about foreign coins and paper money:
Switzerland has
the most beautiful coins and paper money.
Click HERE to continue.
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