We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!

Exchange Rates

Hi

I've just got back from the US and have 600 dollars. I'm off to Europe next week. Does anyone know of the best way of exchanging the dollars for euros and getting the best rate? From what I've worked out I'll lose around £50 which makes me think I'm best of keeping the dollars for another trip.

Thanks

Jake

Comments

  • photome
    photome Posts: 16,687 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Bake Off Boss!
    Jake_1013 wrote: »
    Hi

    I've just got back from the US and have 600 dollars. I'm off to Europe next week. Does anyone know of the best way of exchanging the dollars for euros and getting the best rate? From what I've worked out I'll lose around £50 which makes me think I'm best of keeping the dollars for another trip.

    Thanks

    Jake
    keep them or sell to someone who is going at a mutuallly beneficial rate
  • eDicky
    eDicky Posts: 6,835 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper
    photome wrote: »
    keep them or sell to someone who is going at a mutuallly beneficial rate
    Or you could at least check the rate dollars to euros in your European destination. Now the dollar is high and the euro is low, so depending on when you bought the dollars you might even come out ahead. But don't convert them in UK and get hit twice, USD > GBP then GBP > EUR.
    Evolution, not revolution
  • jonesMUFCforever
    jonesMUFCforever Posts: 28,898 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Not far from 1 to1 is it - will make it easy to work out.
  • eDicky
    eDicky Posts: 6,835 Forumite
    Ninth Anniversary 1,000 Posts Name Dropper
    Not far from 1 to1 is it - will make it easy to work out.
    1.06ish mid-market. But if you can find departing Americans with leftover euros they might sell them to you for a dollar each straight..!
    Evolution, not revolution
This discussion has been closed.
Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 352.2K Banking & Borrowing
  • 253.6K Reduce Debt & Boost Income
  • 454.3K Spending & Discounts
  • 245.3K Work, Benefits & Business
  • 601K Mortgages, Homes & Bills
  • 177.5K Life & Family
  • 259.1K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.