Francs vs. Euros at ATMs
 

If I use the ATM machines in Paris, will I receive French Francs or Euros? I will be traveling to France in September. Thanks for your help!

Francs. The Euros as a currency won't be put out until next year (I think it is next year). Have a great time. We loved France. <BR>

No euros until near 2002. But prices will be posted in euros as well as francs, and your credit card statement will show euros. <BR> <BR>For info on the euro see www.twenj.com/euro.htm <BR> <BR>Ed

Thanks Ed and Kristin! Glad I won't have to deal with Euros yet.

i'm confused. a couple of days ago there was another post on this subject the several people responded that the ATM's and credit cards still used the local currency. now ed says it show euros---WHICH ONE IS IT???

There is no euro currency yet so &gt;cash&lt; will be in local currency. <BR> <BR>International transactions are supposed to be settled in euros. It may depend on the card-issuing company as to whether your statements actually show euros or local currency, though. <BR> <BR>Ed

And it doesn't matter if it's posted in Francs or Euros. The exchange rate between Francs and Euros (and all other EU currencies) is fixed. All you'll care about it the rate of exchange you'll get converting to dollars.

i kind of like to have an idea of what i'm paying in $'s and if i don't know which currency it's going to be based on it's kind of hard to do. seems like no one knows. i called my credit card company today and they didn't even know there was two currency's.

If you buy something with your credit card for 700 francs in Paris, it won't make a lick of difference to you in dollars if the card company settles the transaction in francs or euros. You've still spent FF700. <BR> <BR>When converting to dollars from francs or euros, your card company will charge you a fee to convert to dollars in the form of a reduced exchange rate from the wholesale rate (1% is good, 5% is robbery). This "fee" is the same whether converting from francs or euros. <BR> <BR>One euro = 6.559603 francs. Always has, always will. As an American, it makes no difference whether you're billed in Francs or Euros.