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buying euros
With the dollar plummeting, I have a general question about buying euros. I am going to spain on April 1. Do you think I should buy euros here now or when I get there?
thanks! |
In order for it to be cheaper for you to buy Euros in the US before you travel, the dollar would have to drop another 6-7% in the next 1 week.
If you think that will happen, then buy Euros tomorrow. If you don't, then wait till you get to Europe and use ATM card to withdraw cash directly from your account. |
Unless you specifically want the comfort of arriving with local currency already in your wallet, wait and use your ATM card after you arrive.
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The dollar is getting weaker but I don't think it will take that big a nose dive in the next few days. Just use your ATM card when you get there.
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Make sure your bank allows for withdrawals on the ATM card in Spain. Mine does not because of security reasons in Spain. I am able to use it in other EU countries. They told me you can use it if a signature can be done. Not ATM withdrawals. Just check, it would be horrible to get there and not be able to use it. Always a good idea to notify your bank and credit card company when traveling abroad anyway.
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