Traveling Abroad and Exchanging Money
Tuesday, May 23rd, 2006Starting tomorrow, my wife and I venture across the pond to the Greek Islands for a two week stint in Europe. Needless to say, my posting will be scarce during this time…
Interestingly enough, I went to my local bank to convert $100 in U.S. currency to Euros. The exchange rate was about 0.778, which means I’d get roughly 78 Euros for my $100 bill.
But wait! There’s a catch!
The bank was going to charge me a $11 processing fee for the exchange. Considering this would effectively lower the exchange rate by about 7%, I politely declined…
Surely there must be a better way.





