Changing Money :: First Time in Europe

Web europe-chronicle.com

Changing Money

Filed under:

The answer is that Bank B is the winner. Bank A will charge its minimum fee of 3 francs, since the commission of 0.8 francs (1 percent of 50 x 1.6) is Jess than its minimum fee. Bank B will charge 1.65 francs (2 percent of 50 x 1.65) since 1.65 is greater than its minimum fee. So for USD 50, Bank B is better. Be careful, though. To change USD 500, Bank A is better, and will only charge 8 francs, while Bank B will charge 16.5 francs. For large amounts, Bank A wins by a mile.

I’ll bet 95 percent of you just had your eyes glaze over. Seems like those miserable word problems you thought you left behind in high school doesn’t it?
Who needs this on vacation? You arrive at a train station tired, hot, and sweaty, and you’ve got to deal with this nonsense, and when you do, you still have the feeling that you’ve been taken. So remember the following;

- Banks, the larger the better, are almost always the best places to change money. They may not be in the train station with flashing rate boards, but they will have the lowest fees and the best rates. It is worth your while leaving the train station to find one, especially for changing large amounts. (Holland is a notable exception to this rule, where all medium- ro large-sized train stations have change booths that charge the same as any bank.)

Pages: 1 2 3 4


Related Travel Information

Scams and Swindles
Scams and Swindles The days of black market money changing, and Western currencies being worth twice as much on the street...

Changing Money
Changing Money When changing money you will lose value in any one of four different ways: - With a percentage of...

Cash
Cash Money talks, in no uncertain terms, with no accent, in the local language, everywhere in the world. Always keep at...


Travel Chronicle: Europe Destination Guide

The Ardennes
Home to deep river valleys and high forests, Belgium's southeast corner is often overlooked by travellers hopping between the old...

When to Go In Croatia
May to September are the best months to visit Croatia weather-wise, though July and August can be busy along the...

Chester : Britain
Chester : Britain Chester Travel Guide : Britain Chester is the county town of Cheshire in the north-west of England, close to...

Travel Chronicle: Germany Destination Guide

Channel Crossings
Channel Crossings The English Channel is crisscrossed by hundreds of ferries, hover-ctaft, jetfoils, and other craft, and there are dozens of...

Phone Cards
Phone Cards Phone cards are very useful devices and are used all over Europe. They're little, prepaid phone credit cards that...

Middle to Low Range Budgets
Middle to Low Range Budgets Going cheaper than the above is certainly possible. Airline tickets should be somewhat cheaper off-season, or...

Travel Chronicle: First Time in Europe

In Sickness and in Health
In Sickness and in Health why might you be more likely to get sick while traveling in Europe, you ask? Well,...

Luggage
Luggage I almost called this section "backpacks" because the idea of suitcases seems so outlandish. Backpacks are hard enough to carry...

Travelers' Checks
Travelers' Checks In my opinion, travelers' checks are damn near obsolete, a holdover from the time before electronic banking. Back then...

Travel Chronicle: Europe Destination Guide

Forss : Finland
Forss : Finland Forssa is a town and municipality of Finland. It is located in the province of Southern Finland and is...

Attractions Of Cyprus
Lefkosia (Nicosia) The Greek Cypriot capital was enclosed by a star-shaped city wall but the boundaries today are dictated by the...

When to Go
Spring and autumn are the best times to visit, since the climate will be perfect in İstanbul and on the...

Browse the Europe Destination Guide

Got Text?
You're reading these text links and so are millions of other every month. Place your Adverts Here. E-Mail Us for Details.
 
Plan your Honeymoon in Alaska, Tahiti, Caribbean , New Zealand, Hawaii, Cooks Island, Fiji
 
Learn wide variety of courses at all levels in English and other languages in Delhi at Inlingua New Delhi
 
Plan your Visit to Agra, Jaipur and Delhi through Travel and Hospitality India
 
 
Customized Search Engine Solutions, Search Engine Rankings, Search Engine Promote, Affordable SEO Services, SEO India
 
Cellos and Violas Manufacturer and Suppliers


 
First Time in Europe : Everything You Need to know before you Goto Europe