~Exchange rate Questions~

[OHenry]

What should I as USD holder expect to lose with the exhange?

A friend recalled a time when it was nearly 5-6 Euros to the dollar. Was this an exaggeration! I hate to think what it's like now. Later OH

 

[Guest]

http://www.x-rates.com/

current is apx. .76 on the dollar -

U can also tab the bid dollar amount on seedbay & get the ex. rate's

http://www.x-rates.com/d/EUR/USD/graph120.html

 

[AlexanderS]

i believe its like .70 euro on the dollar, or a $1.30 per a euro. somewhere round there, and i think your friend was a little off maybe, ive never seen the euro that low. the best way to get money there is to use a atm card, when you use a atm over there your gonna get better exchange rates (i.e. the bank will take less for the transaction then a changing place would.) if i were you tho, i'd take out a couple hundred euro at a time.

--Alexander



the exchange rate was a guess, Fredster has it right it looks.

 

[Sugar_Babe]

Bush!! letting our dollar slip... but of course thats his whole "strategerie" lol

yup, looks like its gonna cost an arm and a leg . damn i miss the good ol days when you used to get 2 guilders to the us dollar....

 

[m.steelers]

I just got back from over there this week. Fred has the right institutional rates pretty much... but you arent going to get those rates at the exchange places at the airports, or even at the small cambio shops in town. Airport was offering .68 (OUCH) + their commission - that's highway robbery. The highest cambio I saw was .72, however, they dont charge commissions so you get what you see - the rates when I were there were about practically the same as they are this week (we're talking decimal places).

The best thing to do is withdraw straight from the ATM, you will get the institutional rates that you see on the various x rate websites - I checked on my bank statement when I got back. The other exchange providers are just middlemen so they either charge you a commission or give you a worse rate OR BOTH! That's how they make their money. You might want to exchange a very VERY small amount at the airport so you can get from there to your hotel. The after that just hit an ATM straight up. I would take it all out at once if you can to limit any normal ATM fees. I guess you could hit an ATM at the Schipol too, I didnt think of that -

This is the worse the dollar has been against the Euro pretty much - so you're gonna take a hit - but it's all worth it!!!! If you go regular shopping, dont buy in stores that we have in the US - they charge the same price in euros that we do in dollars. For instance, my wife went to buy a shirt which I saw in the US for 29 dollars - they were selling it for 29 euros - so you're gonna lose at least 25% on that deal.

Hope this helps .

MS

 

[Guest]

Unfortuantely for those of you outside of Euroland, the Euro has hit a high against the dollar, and for the past 10 days has been fluctuating around €1,32 - €1,34 to the dollar, against the €1,29 - €1,30 before.

I happened to recieve a check for USD 100.00 that I deposited in my account yesterday...got a measly €67,00 for it Keep your eyes on the exchange rates!

 

[m.steelers]

Yeah BV t's really rough no doubt - my 99 E hotel room ended up costing me 131 US per night last week! When I took 300 E out of the ATM it ended up costing me about 405 US

 

[m.steelers]

Yeah FJ - I remember " the good old days" I remember when I went to Italy 1.5 years ago I was pissed cause it was like .89 or something! Now look!

 

[Guest]

The best thing to do is imo is exchange a hundred or so in the states before you leave. Just so you'll have euro's when you get there for whatever your needs may be. Then start using your atm. Most large banks will have euro's, B of A for instance you'll have to request the amount you need and I believe it takes a couple days.

 

[GMT]

The low Dollar is great for the US economy as it means that anyone selling goods to Europe gets far more Dollars for their goods selling them at the same price in pounds or Euros, this props up company profits which in turn prop up the Dow Jones which in turn props up your pension pots. If it were the other way your companies would not profit so much raising taxes, cutting pensions, and truly costing you far more in each year than a little old trip to the Dam.
Feel sorry for us over here as a week dollar hits our trade deficits, ecconomies, etc.

 

[m.steelers]

yes, but our interest rates our so damn low right now we aren't attracting as much foreign investment in certain markets - they are gradually increasing which should help generate investments in the mid to long term. If I were from a european investor I would be looking to the US for Real Estate right now. Lot's of purchasing power and it's a hot market over here. Still, foreign exchange risk is a risky business if you are not an expert. Ecomomics still makes my head spin, and I was a Finance major! I guess that's why I work in the telecommunications industry!!!!

 

[GMT]

Lol, sadly it is still my job.
The rate at which your stock market recovered suggested to me, a great deal of foriegn investment ( although I agree that this harms the type of longer term solid investments that generate longer temr jobs/ as opposed to shorter term liquid investments).
I agree on your investment advice though, I have recently advised someone to start looking in New York for nice proerties, though they prefer a more southern climate.
Some people you just cant advise.

 

[trichomefarmer]

Pott exchange used to be the best place in Amsterdam to change your money.

If americans feel they have it bad, they should take a peak at how many swiss francs (or canadian dollars) it takes for some euros.

I would definatly get a few euros before you leave N.America, cause the airports are almost the worst place, and you'll need some for the train ride to Amsterdam center.

 

[Guest]

i just love the exchange rates ,

 

[Hooked-On-Grown]

Oh well.....

Imagine the good times and cool people that will be there together!!!

 

[HawaiianGrown]

Potts is the only place you need to go

Potts is the only place you need to go

Aloha,


You are right Farmer, Potts is still the lowest fee / highest rate and worth it for large exchanges or credit card avances.

There is one off the Dam.

I found it to be better than the banks.

Best thing any tourist could do is land with euros already, purchase strip card for tram and two-way ticket on train from airport to Central Station at the airport, and don't be afraid to ask the vvv for any assistance. They specialize in helping tourists solve their problems and I believe they are still right in front of Central Station.

 

[trichomefarmer]

There is also a potts exchange (lol) in Rembrantsplein, near 1 of the bushdocters.

 

[Smokin'Bones]

If you use your bank debit card at any ATM, it will automatically give you the going exchange rate at that time. If you ask for 100 euros = $133.11 is withdrawn (example exch. rate of .7522) from your bank account plus what ever fee your bank charges, mine's $1.50. In the Netherlands they do not charge for using the ATMs. You can find ATMs at all Post Banks, plus hundreds of other places. This is how I do mine. I don't have to carry large sums of cash this way. :wink: Just pop to the ATM.

 

[Guest]

http://finance.yahoo.com/q?s=USDEUR=X

Dollar Edges Closer to Two-Month High Against Euro As Investors Digest Rate Decision

 

[trichomefarmer]

xe.com gives you a decent indication.

To make those feel better about their dollar. 100 swiss francs will get me 64€
I know some coffeeshops sell bubblehash for 45€/g
that's 70chf/g (swiss francs).

not sure which to do or


knowledge priceless