Euro conversion rate?
Apr 29th 2005, 3:56 am
#1
Guest
Posts: n/a
Euro conversion rate?
I read the official rate is $1.30 US to the Euro...but can anyone tell
what the rate actually is when you convert at a bank or ATM in German? I
realize it changes, but I just wish to have some idea of the cost.
what the rate actually is when you convert at a bank or ATM in German? I
realize it changes, but I just wish to have some idea of the cost.
Apr 29th 2005, 7:08 am
#2
Guest
Posts: n/a
Re: Euro conversion rate?
"elliot" <[email protected]> wrote in message
news:[email protected]...
> I read the official rate is $1.30 US to the Euro...but can anyone tell
> what the rate actually is when you convert at a bank or ATM in German? I
> realize it changes, but I just wish to have some idea of the cost.
Add 1-2 %. Really, with the amount it can fluctuate in even a day, trying to
peg it down any closer than the official rate is senseless. Just round up,
feel comfortable and enjoy the trip.
Will it really matter that the 15 Euro lunch costs you $19.72 instead of
$19.50? Or that your 100 Euro hotel room will show up on the VISA statement
as $132.46 instead of $130.04?
news:[email protected]...
> I read the official rate is $1.30 US to the Euro...but can anyone tell
> what the rate actually is when you convert at a bank or ATM in German? I
> realize it changes, but I just wish to have some idea of the cost.
Add 1-2 %. Really, with the amount it can fluctuate in even a day, trying to
peg it down any closer than the official rate is senseless. Just round up,
feel comfortable and enjoy the trip.
Will it really matter that the 15 Euro lunch costs you $19.72 instead of
$19.50? Or that your 100 Euro hotel room will show up on the VISA statement
as $132.46 instead of $130.04?
Apr 29th 2005, 11:14 am
#3
Guest
Posts: n/a
Re: Euro conversion rate?
Certainly 1 or 2 percent is negligible, but you are saying the
difference between the official posted exchange rate and that which I
receive at the Wechselstube in Berlin is 1 or 2 %?
Are you certain...I swear the last time I changed money in Berlin I felt
it was closer to 4 or 5 percent and some places added even more
on....while in Rio ATMs worked really well for the exchange...I felt it
was close to 2%.
but I havent used the ATM in Berlin yet.
As to "what really matters..." I guess thats up to each of us as
individuals, it matters not to me that I spend it but it matters to me
that I know it.
difference between the official posted exchange rate and that which I
receive at the Wechselstube in Berlin is 1 or 2 %?
Are you certain...I swear the last time I changed money in Berlin I felt
it was closer to 4 or 5 percent and some places added even more
on....while in Rio ATMs worked really well for the exchange...I felt it
was close to 2%.
but I havent used the ATM in Berlin yet.
As to "what really matters..." I guess thats up to each of us as
individuals, it matters not to me that I spend it but it matters to me
that I know it.
Apr 29th 2005, 11:54 am
#4
Guest
Posts: n/a
Re: Euro conversion rate?
"elliot" <[email protected]> wrote in message
news:[email protected]...
> Certainly 1 or 2 percent is negligible, but you are saying the
> difference between the official posted exchange rate and that which I
> receive at the Wechselstube in Berlin is 1 or 2 %?
> Are you certain...I swear the last time I changed money in Berlin I felt
> it was closer to 4 or 5 percent and some places added even more
> on....while in Rio ATMs worked really well for the exchange...I felt it
> was close to 2%.
> but I havent used the ATM in Berlin yet.
If you change cash it tends to be around 4-5%. If you withdraw from an ATM then
it's down to your bank - check your T&C's or ask them, they vary greatly. I'm in
the UK and have 2 bank accounts - one charges 4.25% for foreign ATM withdrawals
(fee plus exchange rate markup), the other charges nothing!
--
Andy
news:[email protected]...
> Certainly 1 or 2 percent is negligible, but you are saying the
> difference between the official posted exchange rate and that which I
> receive at the Wechselstube in Berlin is 1 or 2 %?
> Are you certain...I swear the last time I changed money in Berlin I felt
> it was closer to 4 or 5 percent and some places added even more
> on....while in Rio ATMs worked really well for the exchange...I felt it
> was close to 2%.
> but I havent used the ATM in Berlin yet.
If you change cash it tends to be around 4-5%. If you withdraw from an ATM then
it's down to your bank - check your T&C's or ask them, they vary greatly. I'm in
the UK and have 2 bank accounts - one charges 4.25% for foreign ATM withdrawals
(fee plus exchange rate markup), the other charges nothing!
--
Andy
Apr 29th 2005, 7:57 pm
#5
Guest
Posts: n/a
Re: Euro conversion rate?
Andy Pandy wrote:
> If you change cash it tends to be around 4-5%. If you withdraw from an
> ATM then it's down to your bank - check your T&C's or ask them, they
> vary greatly. I'm in the UK and have 2 bank accounts - one charges
> 4.25% for foreign ATM withdrawals (fee plus exchange rate markup),
> the other charges nothing!
http://www.oanda.com/cgi/convert/cheatsheet is still a helpful little
tool.
Jens
> If you change cash it tends to be around 4-5%. If you withdraw from an
> ATM then it's down to your bank - check your T&C's or ask them, they
> vary greatly. I'm in the UK and have 2 bank accounts - one charges
> 4.25% for foreign ATM withdrawals (fee plus exchange rate markup),
> the other charges nothing!
http://www.oanda.com/cgi/convert/cheatsheet is still a helpful little
tool.
Jens
May 1st 2005, 2:14 am
#6
Guest
Posts: n/a
Re: Euro conversion rate?
"elliot" <[email protected]> wrote in message
news:[email protected]...
>I read the official rate is $1.30 US to the Euro...but can anyone tell
> what the rate actually is when you convert at a bank or ATM in German? I
> realize it changes, but I just wish to have some idea of the cost.
The charge for money from an ATM also depends on your home bank. Most ATMs
in Europe make no charge. If you're converting cash in a German bank, that
may depend on the bank.
The conventional wisdom is an ATM is your cheapest source of cash. That is,
an ATM and an ATM/debit card. Getting cash from credit cards is expensive
because the interest starts immediately.
Marianne
news:[email protected]...
>I read the official rate is $1.30 US to the Euro...but can anyone tell
> what the rate actually is when you convert at a bank or ATM in German? I
> realize it changes, but I just wish to have some idea of the cost.
The charge for money from an ATM also depends on your home bank. Most ATMs
in Europe make no charge. If you're converting cash in a German bank, that
may depend on the bank.
The conventional wisdom is an ATM is your cheapest source of cash. That is,
an ATM and an ATM/debit card. Getting cash from credit cards is expensive
because the interest starts immediately.
Marianne
May 1st 2005, 1:38 pm
#7
Guest
Posts: n/a
Re: Euro conversion rate?
No. I suspect that what he was saying is that, except for some very
rapacious booths, the rate that you get will only vary by 1-2%.
Personally, I'd say that was true of cash machines at banks but am
suspicious that other sources may have higher cuts.
elliot wrote:
> Certainly 1 or 2 percent is negligible, but you are saying the
> difference between the official posted exchange rate and that which I
> receive at the Wechselstube in Berlin is 1 or 2 %?
>
>
> Are you certain...I swear the last time I changed money in Berlin I felt
> it was closer to 4 or 5 percent and some places added even more
> on....while in Rio ATMs worked really well for the exchange...I felt it
> was close to 2%.
> but I havent used the ATM in Berlin yet.
>
>
> As to "what really matters..." I guess thats up to each of us as
> individuals, it matters not to me that I spend it but it matters to me
> that I know it.
>
>
>
rapacious booths, the rate that you get will only vary by 1-2%.
Personally, I'd say that was true of cash machines at banks but am
suspicious that other sources may have higher cuts.
elliot wrote:
> Certainly 1 or 2 percent is negligible, but you are saying the
> difference between the official posted exchange rate and that which I
> receive at the Wechselstube in Berlin is 1 or 2 %?
>
>
> Are you certain...I swear the last time I changed money in Berlin I felt
> it was closer to 4 or 5 percent and some places added even more
> on....while in Rio ATMs worked really well for the exchange...I felt it
> was close to 2%.
> but I havent used the ATM in Berlin yet.
>
>
> As to "what really matters..." I guess thats up to each of us as
> individuals, it matters not to me that I spend it but it matters to me
> that I know it.
>
>
>
