Avoid (or at least minimize) cash exchange.On average, at a bank you lose about 8 percent when you change dollars to euros or another foreign currency.
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Banks and credit unions are generally the best places to exchange currency, with reasonable exchange rates and the lowest fees.
It all depends on where you're going and what you plan to do during your trip. As you can see from our travel costs table above, some European cities are cheaper or more expensive than others. As a general rule, though, it's a good idea to budget at least $100 a day for your vacation.
Buy currency before you travel.Doing so gives you time to shop around for the best rate. Plus, when you arrive, you won't have to immediately find a bank or currency exchange. Do some research ahead of time to see if US dollars are widely accepted at places you plan to go to.
It all depends on where you're going and what you plan to do during your trip. As you can see from our travel costs table above, some European cities are cheaper or more expensive than others. As a general rule, though, it's a good idea to budget at least $100 a day for your vacation.
Monday is therefore the best time to sell dollars and buy euros with a 2-3% lower total exchange rate. On the flip-side, Wednesday and Friday are the best days to sell euros and buy dollars.