Comments on: Credit Cards Abroad and Currency Exchange Rates - How to Make Sure? http://www.currencyexchangemarket.com/blog/credit-cards-abroad-and-currency-exchange-rates-how-to-make-sure/ Thu, 17 May 2012 17:28:35 +0000 http://wordpress.org/?v=2.7 hourly 1 By: cainvest1 http://www.currencyexchangemarket.com/blog/credit-cards-abroad-and-currency-exchange-rates-how-to-make-sure/comment-page-1/#comment-2222 cainvest1 Fri, 04 Jun 2010 09:07:57 +0000 http://www.currencyexchangemarket.com/blog/credit-cards-abroad-and-currency-exchange-rates-how-to-make-sure/#comment-2222 The credit card company bundles up all FX transactions and does one trade to settle all credit card exchanges done for a day. Likely a much better rate (wholesale) than you can obtain (retail rate.) Many travel advisers will advise you to use your credit card or debit card to get the best FX rate. There is always a fee to do so, but you also will have a fee if you go to an exchange shop, hotel or bank while there. Q2 - it can be helpful to have some Euros for immediate use for taxis, subways, quick meals when you arrive (especially if you arrive after normal business hours) Also if you expect the value of the Euro/US to rise you might want to buy some EUR before your trip to lock-in your trip costs. Based on current outlook for the EUR, you may get a better rate by waiting. Good Luck! And enjoy your Yankee Doodle trip to Europe!<a href="http://www.chefcookingware.com/924"> cainvest1</a> The credit card company bundles up all FX transactions and does one trade to settle all credit card exchanges done for a day. Likely a much better rate (wholesale) than you can obtain (retail rate.) Many travel advisers will advise you to use your credit card or debit card to get the best FX rate. There is always a fee to do so, but you also will have a fee if you go to an exchange shop, hotel or bank while there.

Q2 - it can be helpful to have some Euros for immediate use for taxis, subways, quick meals when you arrive (especially if you arrive after normal business hours) Also if you expect the value of the Euro/US to rise you might want to buy some EUR before your trip to lock-in your trip costs. Based on current outlook for the EUR, you may get a better rate by waiting.

Good Luck! And enjoy your Yankee Doodle trip to Europe! cainvest1

]]> By: knowitall http://www.currencyexchangemarket.com/blog/credit-cards-abroad-and-currency-exchange-rates-how-to-make-sure/comment-page-1/#comment-2221 knowitall Tue, 01 Jun 2010 18:18:40 +0000 http://www.currencyexchangemarket.com/blog/credit-cards-abroad-and-currency-exchange-rates-how-to-make-sure/#comment-2221 You call your Credit card company and ask them what they charge for the exchange. Currency converters are cheap. Some cell phones even have them.<a href="http://www.currencyexchangemarket.com/canadian-currency-exchange.htm"> knowitall</a> You call your Credit card company and ask them what they charge for the exchange. Currency converters are cheap. Some cell phones even have them. knowitall

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