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Francs vs. Euros at ATMs

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Francs vs. Euros at ATMs

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Old Jul 8th, 2000 | 08:57 AM
  #1  
Deena
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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!
 
Old Jul 8th, 2000 | 08:59 AM
  #2  
Kristin
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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>
 
Old Jul 8th, 2000 | 11:27 AM
  #3  
Ed
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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
 
Old Jul 8th, 2000 | 01:48 PM
  #4  
Deena
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Thanks Ed and Kristin! Glad I won't have to deal with Euros yet.
 
Old Jul 9th, 2000 | 06:03 AM
  #5  
guy
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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???
 
Old Jul 9th, 2000 | 07:01 AM
  #6  
Ed
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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
 
Old Jul 10th, 2000 | 07:02 AM
  #7  
Brian in Atlanta
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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.
 
Old Jul 10th, 2000 | 12:29 PM
  #8  
sally
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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.
 
Old Jul 10th, 2000 | 01:28 PM
  #9  
Brian in Atlanta
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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.
 

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