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Euros to dollars
Kathy535
Posts: 464 Forumite
This might be a stupid question (it's a Friday night, been a long week). I took too many euros to Greece. I'm off to NYC soon, can I change euros to dollars in the U.K, and, if I can, is it worth doing or should I convert the euros into pounds, put them in my bank account and use my clarity credit card instead?
Thank you
Thank you
0
Comments
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Ive asked a couple of times at currency exchange places and both times i got the same answer.
Its not worth doing it because they have to exchange the euros to pounds and then the pounds to dollars so the exchange company get two bites of the cherry.Live each day like its your last because one day you'll be right0 -
Since you have a fee-free overseas card just use that in an ATM in the US.
Either keep your Euros for next time, sell them to a friend/colleague or (if you must) exchange them back to pounds.
Exchanging cash will always cost more than using your Clarity card so is best avoided.0 -
That's great, thank you both.0
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Since you have a fee-free overseas card just use that in an ATM in the US.
Either keep your Euros for next time, sell them to a friend/colleague or (if you must) exchange them back to pounds.
Exchanging cash will always cost more than using your Clarity card so is best avoided.
Not always but in the vast majority of cases.0 -
I knew some pedant would come along and point that outNot always but in the vast majority of cases.
It's true in the OP's case, especially as they've already lost out by exchanging cash in the first place.
The only time it potentially isn't the case is where large ATM fees are unavoidable (e.g. Thailand). However a few weeks ago I withdrew 10,000 THB with a fee of 220 THB, that works out as 2.2% - I think you'd struggle to get a better rate exchanging cash.0 -
exchange them in nyc0
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I knew some pedant would come along and point that out It's true in the OP's case, especially as they've already lost out by exchanging cash in the first place.
The only time it potentially isn't the case is where large ATM fees are unavoidable (e.g. Thailand). However a few weeks ago I withdrew 10,000 THB with a fee of 220 THB, that works out as 2.2% - I think you'd struggle to get a better rate exchanging cash.
Not pedantic at all, a small but significant exception.
We're currently in Bangkok, checking against spot rate then cash is available at around 1%, Thailand is an anomaly but one of the few cases where cash is cheaper.
I also thought the other major exception was the us, with a dearth of no fee charging ATMs?0
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