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Message
Need Currency Exchange Recommendations - Travel to Great Britain
Posted on 3/3/14 at 11:55 pm
Posted on 3/3/14 at 11:55 pm
I'm planning to travel to Great Britain for 8 days (will also have a 1-day excursion to Paris) and was hoping for some advice regarding currency exchange. I last traveled in Europe mid 90s, so I'm approaching this as a noob.
Should I make the bulk of my exchange(s) prior to leaving (I can use either a local currency exchange outfit in Houston or my credit union), look for a currency exchange in London, or simply withdraw the necessary funds from an ATM once I arrive in London? Or some combination of those alternatives? I'm planning on spending $30-50/day on meals each for myself and my daughter (breakfast is included). I likely will use a Capital One Credit Card for any "large"/non-food items since the transaction fees are virtually nil. At the end of the day, saving money on fees and hidden costs is my primary goal.
Any and all suggestions would be greatly appreciated.
Should I make the bulk of my exchange(s) prior to leaving (I can use either a local currency exchange outfit in Houston or my credit union), look for a currency exchange in London, or simply withdraw the necessary funds from an ATM once I arrive in London? Or some combination of those alternatives? I'm planning on spending $30-50/day on meals each for myself and my daughter (breakfast is included). I likely will use a Capital One Credit Card for any "large"/non-food items since the transaction fees are virtually nil. At the end of the day, saving money on fees and hidden costs is my primary goal.
Any and all suggestions would be greatly appreciated.
Posted on 3/3/14 at 11:57 pm to MUMFORD
just put it all on BitCoin, frick the exchange rate
Posted on 3/3/14 at 11:59 pm to MUMFORD
I would definitely exchange at your own bank or credit union prior to leaving. Why only one day in Paris? Beautiful city to cover in one day. Have fun I hope to return to Europe soon I love it over there.
Posted on 3/4/14 at 12:00 am to Uncle Stu
quote:
just put it all on BitCoin, frick the exchange rate
I wish it were that simple.
Posted on 3/4/14 at 12:01 am to MUMFORD
quote:
You will almost always get the best interbank exchange rate when buying foreign currency with either ATM cards or credit cards, which will usually be 2 to 7 percent better than the rates you'll get when exchanging cash or traveler's checks. Try to use credit cards whenever possible for large purchases such as hotel bills, tickets and car rentals. However, keep in mind that most credit card companies add fees for transactions made in foreign currencies. (Capital One is one of very few U.S. credit card companies that do not.) Local vendors such as restaurants and shops may also charge a fee for credit card transactions.
It's been a while since i've been to the EU but I always used ATM machines. Found this online.
LINK
Posted on 3/4/14 at 12:03 am to FLBooGoTigs1
quote:
Why only one day in Paris?
The bulk of the trip will be in Great Britain with my daughter's 8th Grade Class (it's a yearly thing their school does --- lots of fundraising ). Paris is just a little extra we're doing on our own. Would have liked to have spent more time in Paris, but a chance to see Chelsea @ Aston Villa dictates otherwise.
Posted on 3/4/14 at 12:06 am to MUMFORD
You taking the Eurotrain from GB to Paris?
Posted on 3/4/14 at 12:07 am to CT
quote:I wouldn´t consider the UK the EU. Only in some aspects.
It's been a while since i've been to the EU
Posted on 3/4/14 at 12:09 am to MUMFORD
quote:
You will almost always get the best interbank exchange rate when buying foreign currency with either ATM cards or credit cards, which will usually be 2 to 7 percent better than the rates you'll get when exchanging cash or traveler's checks. Try to use credit cards whenever possible for large purchases such as hotel bills, tickets and car rentals. However, keep in mind that most credit card companies add fees for transactions made in foreign currencies. (Capital One is one of very few U.S. credit card companies that do not.) Local vendors such as restaurants and shops may also charge a fee for credit card transactions.
Thanks. I messed up and may have applied too late for my Capital One ATM card. Assuming it arrives prior to the trip, I definitely plan to use it extensively.
Posted on 3/4/14 at 12:10 am to FLBooGoTigs1
quote:
You taking the Eurotrain from GB to Paris?
Yes sir. Already have the tickets!
Posted on 3/4/14 at 12:12 am to Dandy Lion
I wouldn't either. Same theory applies to Exchange rates and ATMs.
Posted on 3/4/14 at 12:17 am to MUMFORD
You pull up a map of the metro yet. I suggest pulling it up and making a game plan since you got one day in Paris.
Once I learned how to read the metro lines I could go anywhere and get there in good time. just a FYI.
Once I learned how to read the metro lines I could go anywhere and get there in good time. just a FYI.
Posted on 3/4/14 at 12:22 am to CT
Exactly. There was some serious ATM gouging going on between the Continent and the Island, for a while there.
This post was edited on 3/4/14 at 12:25 am
Posted on 3/4/14 at 12:25 am to FLBooGoTigs1
Paris subways rock.
Break out that map find the subway to the Eiffel tower. See that for sure.
Then, jump on a batobus. It is a river cruise...it will take you past all the bigger landmarks. And you can climb on and off whenever you like.
They dock right next to the Eiffel tower so they are easy to find.
With only 1 day in Paris you probably don't have time to do the full Louve, but go to the area and enjoy the outside parks.
And EAT EAT EAT...the food there is better then sex.
We used our ATM/Credit cards to withdraw money plenty of them on the streets...keep a CC at the hotel though (in the safe!) in case you get pick pocketed. We also bought travel backpacks that all the zippers lock...highly recommend these.
London is a lot of fun too, if you have more time there do the jump on jump off double decker buses...they will take you to all the tourist spots and it's well worth it.
Break out that map find the subway to the Eiffel tower. See that for sure.
Then, jump on a batobus. It is a river cruise...it will take you past all the bigger landmarks. And you can climb on and off whenever you like.
They dock right next to the Eiffel tower so they are easy to find.
With only 1 day in Paris you probably don't have time to do the full Louve, but go to the area and enjoy the outside parks.
And EAT EAT EAT...the food there is better then sex.
We used our ATM/Credit cards to withdraw money plenty of them on the streets...keep a CC at the hotel though (in the safe!) in case you get pick pocketed. We also bought travel backpacks that all the zippers lock...highly recommend these.
London is a lot of fun too, if you have more time there do the jump on jump off double decker buses...they will take you to all the tourist spots and it's well worth it.
This post was edited on 3/4/14 at 12:27 am
Posted on 3/4/14 at 12:26 am to FLBooGoTigs1
quote:
You pull up a map of the metro yet. I suggest pulling it up and making a game plan since you got one day in Paris.
Once I learned how to read the metro lines I could go anywhere and get there in good time. just a FYI.
I've looked at a few "one day in Paris" links, so I will try to map out a point-to-point itinerary (to the extent possible) using the Metro.
Posted on 3/4/14 at 12:29 am to MUMFORD
quote:
I've looked at a few "one day in Paris" links, so I will try to map out a point-to-point itinerary (to the extent possible) using the Metro.
You can hit all the great spots in one day if you plan it well, between the subway and the batobus cruises.
About the only thing you might struggle to get to is the Basilique du Sacré Cœur de Montmartre, as montmarte isn't within the tourist areas of the Eiffel tower.
Posted on 3/4/14 at 12:47 am to MUMFORD
Be sure to notify the CC company that you will be using it outside the U.S., it is likely they will cut it off after the first transaction if you don't.
Posted on 3/4/14 at 1:21 am to EA6B
quote:
Be sure to notify the CC company that you will be using it outside the U.S., it is likely they will cut it off after the first transaction if you don't.
Thanks. I plan to take 3 cards and have already notified the respective companies of the trip.
Posted on 3/4/14 at 2:21 am to MUMFORD
My bank has never charged a fee for this regardless of currency issued. I work overseas and just get what I need from a atm. Do notify your bank and charge card company as they will be single use if you don't
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