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If you plan to travel to Europe in the near future, you may want to convert some of your money into euros. This article outlines everything you want to know about converting from USD to EUR, and adds how to get the most productive price in cash and where to pay the highest fees.
Converting US dollars to euros is an undeniable process. Usually, you can perform the conversion in two ways.
When looking to convert a currency, using a currency conversion calculator is a great way to get an estimate. Because exchange rates fluctuate, using a calculator is a good way to make sure your calculations are correct.
Keep in mind that when you convert your money, you may qualify payments that a currency calculator doesn’t take into account. For example, credit card processors and ATM networks typically qualify a conversion payment of 1% of the purchase price. Merchants, such as exchange offices, also regularly qualify their own payments.
When you’re in a position to buy US dollars or euros, it’s smart to plan ahead. This can help you pay the lowest fees. Here are 3 strategies you can use to reduce currency exchange fees:
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