Changing US Dollars to Euros Information
Hi,
If you have cash, then changing US Dollars to Euros can be a big headache. The Hotel may not do it but they spank you. The Airports take a birch and give you six of the best. The clubs, get the nine tail whip out.
Now thats fine, but I prefer my exchanges to be the vanilla variety. The best rate I could get this week was from the VolksBank. There is one in the centre of Giessen which is easy to find if you are staying in that area.
The current rate is 500. 00 USD=354. 912 EUR at Interbank Rate.
I got 328 Euros for 500 bucks. The charge for non account holders is 4 Euros, So that would be 332 Euros, which means 1. 52 dollars to the Euro instead of 1. 40 which is 12 cents penalty on the spread.
So it is about 26 Dollars in fees total, which is 5% so not much different from using your card.