Exchange Rates are getting Better

The dollar to Euro exchange rate is getting better. Today $1.086 for a Euro. When we bought our condo in Italy the rate was $1.34 for a Euro. Financial predictions are that it will get even better over the next year. By next summer we should see a 1 to 1 ratio or even less than a dollar for a Euro.

Euro

The exchange rate has so much to do with what you will really pay for your vacation. You need cash for cabs, food and some stores. You won’t get cash at the above rate. Banks here will charge a higher rate to buy Euros. Banks in Italy will do the same. The best is credit cards with no foreign fees. You will still pay a higher rate but it will probably be the best rate you can get. Go to an  ATM in Italy and get cash with your credit card or debit card.

Capital One Venture

Use your credit cards where possible at restaurants, museums, hotels, etc. We know we go back to Italy every year so we never exchange our Euros back to dollars. Just keep them with your passports in a safe place. Then when you take your next trip, you will have some Euros.

George & Jo Anne

 

Categories: Cash, Dollars, Euro, Europe, Exchange Rates, Italy | Tags: , , , , , , | Leave a comment

Post navigation

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Blog at WordPress.com.

%d bloggers like this: