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    • Kathy535
    • By Kathy535 29th Sep 17, 8:15 PM
    • 410Posts
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    Kathy535
    0 WOW
    Euros to dollars
    • #1
    • 29th Sep 17, 8:15 PM
    0 WOW
    Euros to dollars 29th Sep 17 at 8:15 PM
    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
Page 1
    • phatbear
    • By phatbear 29th Sep 17, 8:25 PM
    • 3,451 Posts
    • 3,128 Thanks
    phatbear
    • #2
    • 29th Sep 17, 8:25 PM
    • #2
    • 29th Sep 17, 8:25 PM
    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 right
    • dj1471
    • By dj1471 30th Sep 17, 2:25 AM
    • 952 Posts
    • 635 Thanks
    dj1471
    • #3
    • 30th Sep 17, 2:25 AM
    • #3
    • 30th Sep 17, 2:25 AM
    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.
    • Kathy535
    • By Kathy535 30th Sep 17, 9:17 AM
    • 410 Posts
    • 536 Thanks
    Kathy535
    • #4
    • 30th Sep 17, 9:17 AM
    • #4
    • 30th Sep 17, 9:17 AM
    That's great, thank you both.
    • bigadaj
    • By bigadaj 1st Oct 17, 2:03 PM
    • 10,804 Posts
    • 7,098 Thanks
    bigadaj
    • #5
    • 1st Oct 17, 2:03 PM
    • #5
    • 1st Oct 17, 2:03 PM
    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.
    Originally posted by dj1471
    Not always but in the vast majority of cases.
    • dj1471
    • By dj1471 1st Oct 17, 2:22 PM
    • 952 Posts
    • 635 Thanks
    dj1471
    • #6
    • 1st Oct 17, 2:22 PM
    • #6
    • 1st Oct 17, 2:22 PM
    Not always but in the vast majority of cases.
    Originally posted by bigadaj
    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.
    Last edited by dj1471; 01-10-2017 at 2:25 PM.
    • loskie
    • By loskie 1st Oct 17, 7:37 PM
    • 1,156 Posts
    • 695 Thanks
    loskie
    • #7
    • 1st Oct 17, 7:37 PM
    • #7
    • 1st Oct 17, 7:37 PM
    exchange them in nyc
    • bigadaj
    • By bigadaj 2nd Oct 17, 4:30 PM
    • 10,804 Posts
    • 7,098 Thanks
    bigadaj
    • #8
    • 2nd Oct 17, 4:30 PM
    • #8
    • 2nd Oct 17, 4:30 PM
    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.
    Originally posted by dj1471
    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?
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