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EXCHANGING MONEY IN EUROPE: WHAT YOU NEED TO KNOW

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How many people endlessly scour airfare comparison in hotel booking sites

looking for the best deal, pinching every penny but then waste all that effort by

paying huge fees when paying for their travel. Once you leave the country

deciding how you pay either cash credit card or even traveler's check can affect

the cost of your trip. What is the best option for you? Keep watching and we will

answer all your currency conversion options when you're traveling to Europe

but first don't forget to like, subscribe and comment. What is the best way to

exchange money? I t's a simple and good question with a multitude of answers

let's look at all the options. Exchanging cash. Avoid or at least minimize cash

exchange. On average at a bank you lose about 8 percent when you change dollars

into a foreign currency, when you use an airport currency exchange boost the hit

can be as much as 15%. If you do need to exchange money look for places that

don't charge a commission. Note the difference between the rates for buying,

the bank buys foreign currency from you to exchange into local cash and selling,

the bank sells foreign currency to you, the difference between the buy and sell

rates should be less than 10 percent. Hold on to your cash for emergencies the

ATM ate my card. Now some of you will not sleep unless you have some local

currency in your wallet before leaving home. If you haven't packed your bags you

may have time to shop around for the best rates. Many banks offer currency

exchange to their customers you may be able to order currency at a branch

location or by phone or online for pickup at a branch. Sometimes the service