Easy Travel to Europe: Tips for Currency Exchange

By Editorial Team

August 20, 202210 min read

Daydreaming about your vacation is great, keep the excitement on, but amidst all this, there are numerous things to consider when travelling abroad. From taking care of all your documents to exchanging currency, to contemplating the local culture of the place. For US citizens, travelling to Europe is quite easy with visa-free entries and great connectivity. Yet, one needs to be particular about a few things regarding currency exchange in Europe.

Top 4 Quick Tips to Handle Currency Exchange

1. Know all the European currencies
2. Avoid exchanging currency at Exchange Kiosks (Airport, Railway Stations or Malls)
3. Get cards that charge no foreign transaction fees
4. Convert some currency before your travel

To handle currency exchange in Europe, we have curated a list of cash and currency tips to make your trip seamless. Check it out!

1. Knowledge About Different Currencies

Knowledge is everything, so check out all the currencies that are accepted in the countries you will be visiting. Know what is accepted where, like in Switzerland, they accept Swiss Franc, in Sweden it is Krona, and in Italy it is Euros. Keep a note of the exchange rate and the difference between dollars and the respective currencies. It will help you keep a check on your budget.

2. Try to Avoid Exchanging Currency Via Kiosks

As easy as it seems, exchanging cash for the new currency at exchange kiosks will burn a hole in your pocket. Avoid exchanging your dollar bills there, as the rates are poor and you can lose almost 5 to 10%. You will find many exchange kiosks at major railway stations and airports, but it is suggested that you avoid cash exchange there unless it's an emergency.

3. Three Best Ways to Exchange Money in Europe

1. Use ATM machines to withdraw cash, and preferably use debit cards to get a good exchange rate. Avoid using standalone machines; rather, go to bank-affiliated ATMs.

2. The easiest way to pay in Europe is through Credit Cards. They are widely accepted across the continent. Choose a card with no foreign transaction fees, and always pay in the local currency when a terminal asks, to avoid extra conversion charges.

3. In case you need cash, choose to go to Banks for currency exchange. They give better exchange rates without making you feel the burden of high fees.

Hack: How to Avoid or Minimise Exchange Fees in Europe

Use a fee-free travel debit card to withdraw cash from bank-affiliated ATMs in Europe. These cards often give you real exchange rates and refund ATM fees, saving you money compared to traditional bank cards.

4. Get Some Currency Before Travel

You might think that you will stop by the airport after landing to get the European currency, but it is recommended to get at least some amount before travelling. You never know how long the immigration process will take, and airport money exchange kiosks charge very high rates. It is better to have some currency in your hand for any situation. To order currency in the US, you can contact your bank or credit union, ask for the exchange rate, and voila, if everything seems okay, you can arrange for pickup or delivery.

5. Do Not Worry About the Currency Conversion

Well, vacations are for enjoyment and letting loose, so try not to stress over conversions every now and then. Europe has paper money as well as different coins - just keep them and do not stop your enjoyment.

Pro-Tip: Try to spend all the coins and loose currency before heading back to your home country to avoid confusion while exchanging money.

The Europe trip is sorted, the currency exchange and plans are sorted, let Triwize help you sort your flight bookings. It is the best flight booking website to get great offers and deals to fly to Europe. Fly with Triwize, fly in comfort.

Frequently Asked Questions

Can the exchange rate vary at different exchange kiosks?

Yes, there are different exchange kiosks run by different companies, and the exchange fees can vary according to their policies and terms. Airport and railway station kiosks can also have different rates.

Do all places accept payment via credit card?

Mostly, you can use credit cards for payments all across Europe. From stations to hotels and cafes, to rental companies, credit cards are usually accepted. But it is recommended you keep a little cash with you, just in case, to avoid any hindrance.

Is it better to use USD or local currency in Europe?

It is best to use the local currency in Europe rather than USD. Paying in USD often results in poor exchange rates and additional conversion fees from merchants or ATMs.

Should I notify my bank before using my card in Europe?

It is a good idea to notify your bank before heading on international trips to avoid your card being blocked for suspicious activity. Also, ask about foreign transaction fees and international usage limits.

Can I use digital wallets like Apple Pay or Google Pay in Europe?

Yes, most European countries widely accept digital wallets for payments in stores, restaurants, and transit systems. Just ensure your card is linked and supported in the region.