What is the most economical way to buy euros?

Banks and credit unions are generally the best places to exchange currency, with reasonable exchange rates and the lowest fees.



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Banks and credit unions are generally the best places to exchange currency, with reasonable exchange rates and the lowest fees.

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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.

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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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Before your trip, exchange money at your bank or credit union, which likely offers better rates and fewer and/or lower fees. See if your bank or credit union will buy back any leftover foreign currency for when you return.

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US dollars: I carry $100–200 as a backup. While you won't use it for day-to-day purchases, American cash in your money belt comes in handy for emergencies, such as when banks go on strike or your ATM card stops working. I've been in Greece and Ireland when every bank went on strike, shutting down without warning.

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Local banks and credit unions usually offer the best rates. Major banks, such as Chase or Bank of America, often offer the added benefit of having ATMs overseas.

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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.

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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.

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Best day of the week to exchange currency According to data from WeSwap and The Telegraph, you'll generally enjoy the best currency exchange rates on Fridays and Saturdays. Currency can fluctuate throughout the day too, with the morning or late afternoon cited as the best times to buy.

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For a rough estimate, considering expenses like accommodation, meals, transportation, sightseeing, and shopping, you might budget around 50 to 100 euros per day on average. This would amount to 1500 to 3000 euros for a month. Making Money.

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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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To quickly recap, if you are traveling to Europe, you are looking at spending around 120 euros per day on average. However, once you have your itinerary in place (try using our convenient tour builder), you will have a tailored and accurate answer to the ever-relevant question - how much to budget per day in Europe.

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