- Airports. The first place nearly all travelers arrive in a new country is the airport terminal, and that is the first place where you will have an opportunity to exchange currency. ...
- Travelex Money Card. ...
- Exchange Money at Your Bank. ...
- Debit Card. ...
- Credit Card.
Banks and credit unions are generally the best places to exchange currency, with reasonable exchange rates and the lowest fees.
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Resist the urge to buy foreign currency before your trip. Some tourists feel like they just have to have euros or British pounds in their pockets when they step off the airplane, but they pay the price in bad stateside exchange rates. Wait until you arrive to withdraw money.
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While credit cards are accepted in most situations, currency can be more convenient for public transportation and small vendors. It's also wise to carry an emergency fund with enough cash for a few days, just in case your card gets lost or stolen.
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A good rule of thumb, though, is that, on average, you should plan to carry between $50 and $100 per day in the currency of the country in which you're travelling.
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Backpackers should expect to spend between $40 – $70 USD/day in Eastern Europe, $70 – $100/day in Western Europe, and $150 – $200/day in the Nordic countries.
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It can be done, but you'd have to budget money carefully and watch how much you spend on food, sights, etc (and that takes away some fun & spontaneity. I prefer to go the 3 star route and free up extra spending money (I'd still avoid fancy dinners every night).
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This is so entirely dependent on your own travel preferences that it's tough to estimate but we recommend putting aside roughly €700 to €1700 for spending money for one week in Europe.
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