Q:

Are there different exchange rates for buying euros in the United States?

A:

Quick Answer

Exchange rates vary on a daily basis when purchasing euros in the United States. Along with varying exchange rates, bank and other organizations charge fees to exchange currency.

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Full Answer

Anyone exchanging dollars into euros should consider several options, including calling the bank to ask about exchange rates and fees. Some bank require notice to do a currency exchange. Other businesses, such as airport kiosks and hotels exchange currency, but their fees are generally higher. If fees are expensive, it's possible to exchange only a small amount of cash for traveling.

If using a credit or debit card, the user should inform the card issuer's bank before traveling abroad. For security reasons, many card issuers take security measures when purchases are made outside the country. This may result in the card issuer holding funds on the account when the user attempts to make a transaction.

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