The euro is a currency that is used by many countries in Europe. Examples of countries that use this currency include Portugal, Spain, France, Italy, Germany, Cyprus and The Netherlands. This is very convenient both for visitors and for European residents, as they do not have to worry about exchanging several currencies if they are traveling to many countries within Europe.
The euro is also a strong currency that can be exchanged in almost every country in the world, so you can buy and sell euros even if you are outside of the countries in which it is the official currency. If you are traveling to Europe, you may be asking yourself the question of where to buy euros and get the most competitive exchange rates. The first place where to buy euros while outside of the European continent would be your bank. You can also buy euros online from reputable financial portals at better rates.
If you are traveling to Europe soon, you may be asking yourself the question of where to buy euros and get the most competitive exchange rates. The first place where to buy euros while outside of the European continent would be your bank. Banks usually offer some of the best exchange rates, especially if you are changing a larger amount of money.
Take note that just like any other foreign currency, the value of the euro will fluctuate on the foreign exchange market daily. Also, the rates that you see posted online and in newspapers are usually reserved for transactions of over a million euros that are commonly done between banks. You will get slightly higher rates as an individual.
Another place where to buy euros are at foreign exchange offices both inside and outside Europe. However, the commissions that they charge on currency exchanges are normally higher than financial institutions and they may add a “service fee” of a few euros to the transaction.
However, the commissions that they charge on currency exchanges are normally higher than financial institutions and they may add a “service fee” of a few euros to the transaction. Avoid changing money at airports, as they tend to charge even higher commissions than the foreign exchange businesses you would see on the street. Another place where to buy euros would be your hotel. Some hotels offer rates which are quite good for their guests.