When we travel to Europe we get hurt by the current poor exchange rates. The dollar and Euro started out equal. 1 dollar got you 1 Euro. Today the exchange rate is $1.37 gets you 1 Euro. You are loosing 1/3 of your money in exchange rates. What makes it worse is those rates are published best rates. If you exchange at an airport, as many Americans do, the rate is much worse. If you go to Europe once a year or once every two years, don’t exchange your Euros back to dollars! Keep them in your pocket for the next trip. This will protect you from an even higher exchange rate in the future. Credit cards have hidden exchange rate fees! First they usually charge higher than the published rate but not too much. Then they hit you with a Foreign exchange fee. These combined fees mean you are paying very a high rate for all you spend in Europe. Get a Credit Card that does not charge fees. I use Bank of America’s Visa card.
Historically exchange rates look-alike the DOW Jones Market fluctuations. This link shows you historical values.
George & Jo Anne
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