Saturday, August 10, 2013

Shopping in Paris....Tip #3

Currency Exchange!

Unless you need Euros for more than a taxi ride and perhaps some spending money the first day,
don't exchange your money before you leave the States. Their fees or commission can reek havoc on your Dollar to Euro ratio, so wait til you get to Paris.

By far, the best rates you will get is to use the ATMs !!! I start with the ATM at the airport or near my hotel as soon as I arrive.
Check with your banks before you leave about the maximum amount you can withdraw from your account each day....perhaps they can raise the limit for a certain number of days you'll be away.

Did you know that most American banks have both a limit per withdrawal and a limit per day? (usually double the limit amount of per withdrawal) so you can withdraw your limit at one minute and turn right around and withdraw another limit per withdrawal up to the daily limit. (IE: $300 per visit to the ATM, but a $600 daily limit, depending on the bank).  I make sure I spread my shopping dollars out among 3 ATM cards, so I can get at least the maximum limit per day from each account!

The daily flux of the currency exchange rate will probably not be of any concern to you while you are there unless you expect to be spending thousands of Dollars/Euros.

But do as a friend of mine does, and yourself a CHEAT SHEET and keep it in your pocket!
It should look something like this.....

                                                             10 Euros = $13
                                                             20 Euros = $26
                                                             25 Euros = $32.50.......etc etc!

The last thing you need is to try to do the math in your head while you are suffering from a 6 hour time change and jet lag!!!! LOL !!!!

More next week, Merci! Lee
 








No comments: