Posts Tagged With: Euros

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

Euro Exchange rate

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 the best it has been in a long time. $1.10 gets you 1 Euro. You are loosing 10% 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 paying fees to get the Euros then more fees to get dollars back. 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 like the DOW Jones Market fluctuations. This link shows you historical values. Vacations can be expensive but paying 30% to 40% more to exchange money is a useless expense. Save your money and go to a nice restaurant in Europe.

George & Jo Anne

 

Categories: Dollars, Euro, Europe, Exchange Rates, General Travel | Tags: , , , , , , | Leave a comment

Euros and Europe

Tis the season to travel to Europe! The dollar is down compared to the Euro which is great for us. Not long ago we were paying $1.40 to buy a Euro. Today it’s $1.24. That is about 13% better! Imagine a 13% discount on your travel expenses. This time of year is crowded with Americans and airfares can be up. You still can find a good fare if you shop. Many Americans like to travel over Thanksgiving week or the week after because they get 2 extra days. If you go Thanksgiving week you only take off 3 days and get 9 days of vacation. If you go the week after you take 5 days of vacation and get 11 days of vacation.

Christmas is also a great time in Europe. You can feel the holiday spirit in the lights and stores around Europe. In northern Europe you have an excellent chance of a white Christmas. Join the Europeans in a bar, pub or restaurant. Warm yourself by the fire and enjoy your food and drink slowly. Look around you and observe the European way of life.

Europe is romantic! Go and rekindle your relationship. Don’t travel to 21 cities in 21 days. Don’t hop country to country. Pick your favorite spot and enjoy a relaxing time with the person you love. Hold hands and stroll the streets slowly. This will make memories you will never forget.

George & Jo Anne

 

Categories: Air Fares, Bars, Euro, Europe, Exchange Rates, Money, Romance, snow, The holidays in Europe | Tags: , , , , , , , | Leave a comment

Euros

Euro to dollar conversion rates are always changing. When the euro was about $1.40 everything in Europe was expensive. As it drops closer to $1.00, where it started, everything looks cheaper. It is currently at $1.27 which is a great rate. This is a good time to visit Europe. You will save on everything you buy in Europe including meals and hotels. If we look at $1.40 vs. $1.27 that is almost a 10% drop in rate. That means if your hotel, meals and spending for two weeks cost $4,000, you will save about $400.

Rates are on the down swing and may even get lower. You still have to be careful of where you convert your dollars to euros. The banks and currency exchange places can charge a lot on top of the $1.27. If you are careful you can plan a nice vacation and enjoy a savings.

Europe awaits you. If it is on your bucket list, now is a good time to go.

George & Jo Anne

 

Categories: Car Rentals, Eating Italian, Euro, Europe, Exchange Rates, General Travel, Money | Tags: , , , , , , | Leave a comment

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