[npwalters]

Leaving next week for a Spain vacation. I will buy up Euros at 80 cents per Euro up to 200 euros.

PM me if you have at least 40 remaining from your trip.

[BrianL99]

Originally Posted by npwalters

Leaving next week for a Spain vacation. I will buy up Euros at 80 cents per Euro up to 200 euros.

PM me if you have at least 40 remaining from your trip.

That's a wise investment.

[Kenswing]

Well aren’t you the generous one? Not.

[Keefelane66]

Best U.S. Dollar / Euro Exchange Rate Today: 0.9461.

[metoo21]

Originally Posted by Keefelane66

Best U.S. Dollar / Euro Exchange Rate Today: 0.9461.

To clarify that, it is 0.9461 euro per US dollar. But that price is generally for a minimum of $10,000. Be prepared to pay at least $1.08 for a euro. Or go to a large bank like Wells Fargo and order some to be mailed to you. You'll pay at least $1.08/euro plus a transaction fee of $10 + for them to sell them to you.

Good luck finding someone to see them to you for 80 cents/euro.

[Kenswing]

Originally Posted by Keefelane66

Best U.S. Dollar / Euro Exchange Rate Today: 0.9461.

Which makes each Euro worth $1.06. Yeah, I’d be more than happy to pay $.80 a Euro all day long.

[npwalters]

So I take it that those of you that chose to sharpshoot don't actually have any Euros to sell?

BTW, for you finance wizards, the rate you should be looking at is the buy back rate. The rate the financial institution will pay for euros.

[manaboutown]

I'll exchange 100 euros for 100 GBPs as I try to keep a few hundred on hand for future trips and have more than I need right now. I always return with a few hundred in bills and coins for my next trip. I also have some SGDs and NZDs, maybe a couple hundred of each, not sure. It seems I still have some THBs and Yuan, too, not much though.

Whoa, just found some Rubles and Shekels but doubt anyone here is looking for either of those currencies at the moment.

[metoo21]

Very sorry that you are mistaken/misinformed.

Here is what US Bank says about selling foreign currency. Link Here

How do I exchange or sell my foreign currency?
Visit a U.S. Bank branch and a banker will help you through the process. We encourage you to make an appointment to allow time for questions and processing.

Full order returns within seven (7) days of purchase:

We will buy back the currency at the same exchange rate used for purchase.
A $10 return fee applies.

Full or partial returns after seven (7) days of purchase:

We'll process your return at the current day's exchange rate.
A $10 fee applies to returns of $250 USD or less.

So , a bank will not pay you 80 cents per euro to buy it back.

Today's rate is $1.06 per euro. For 200 euros, that would be $212 US dollars minus the $10 fee. Making it $202 US you'd get for 200 euros or 202/200 = $1.01 US per euro. A long way from 80 cents.

[manaboutown]

Originally Posted by npwalters

Leaving next week for a Spain vacation. I will buy up Euros at 80 cents per Euro up to 200 euros.

PM me if you have at least 40 remaining from your trip.

As the OPs likely well know, the airport at which they will arrive in Spain will have ATMS lined up on a wall. I just use my Schwab card, no fees, and the best possible exchange rate. ¡No problema!

Schwab is great. I lost my card in Turkey a few years ago and they overnighted me a new one FREE!

[npwalters]

Originally Posted by metoo21

Very sorry that you are mistaken/misinformed.

Here is what US Bank says about selling foreign currency. Link Here

How do I exchange or sell my foreign currency?
Visit a U.S. Bank branch and a banker will help you through the process. We encourage you to make an appointment to allow time for questions and processing.

Full order returns within seven (7) days of purchase:

We will buy back the currency at the same exchange rate used for purchase.
A $10 return fee applies.

Full or partial returns after seven (7) days of purchase:

We'll process your return at the current day's exchange rate.
A $10 fee applies to returns of $250 USD or less.

So , a bank will not pay you 80 cents per euro to buy it back.

Today's rate is $1.06 per euro. For 200 euros, that would be $212 US dollars minus the $10 fee. Making it $202 US you'd get for 200 euros or 202/200 = $1.01 US per euro. A long way from 80 cents.

I am not misinformed. That is one bank and not the norm. Also, take the person that has 50 euros left over. 1.06 X 50 = $53. If they pay the $10 exchange fee they net $43 or 86 cents per euro. They had to go to the bank to do it and the bank will not accept foreign coins - paper money only.

To be clear, the "exchange fee" is just another way of collecting the reduced buy back rate. Go to a currency exchange and look for sell rate and buy rate on any currency to get a picture that you might understand.

[npwalters]

Originally Posted by manaboutown

As the OPs likely well know, the airport at which they will arrive in Spain will have ATMS lined up on a wall. I just use my Schwab card, no fees, and the best possible exchange rate. ¡No problema!

Schwab is great. I lost my card in Turkey a few years ago and they overnighted me a new one FREE!

Yep, I do know that and it is good advice. Even though most out of network ATMs will charge a 3 or 4 dollar transaction fee when out of the country.

I'm just looking to get some walking around money at a discount and at the same time allow someone to conveniently unload some Euros - including coins.

I will use a credit card for most purchases since that offers the best exchange rate.

[manaboutown]

Originally Posted by npwalters

Yep, I do know that and it is good advice. Even though most out of network ATMs will charge a 3 or 4 dollar transaction fee when out of the country.

I'm just looking to get some walking around money at a discount and at the same time allow someone to conveniently unload some Euros - including coins.

I will use a credit card for most purchases since that offers the best exchange rate.

Yes and you get FF miles or cash-backs with CCs. Visa and MC used to charge fees, but no longer. I never paid an out of network fee with Schwab but I always use bank ATMs as I do not trust the others - anywhere.

The thing is you are looking to buy from a seller who is not necessarily looking to sell. You are asking them to do you a favor, not the other way round. To expect such a sizable discount, much less any discount, seems a little presumptuous IMHO.

[Rainger99]

Originally Posted by manaboutown

I always use bank ATMs as I do not trust the others - anywhere.

If you use a foreign ATM, be sure to decline currency conversion! That is a ripoff!
Great video explaining it!

https://youtu.be/rdYhm__yMQY?si=Mzq7qlxRKGDhlfpP

[metoo21]

Originally Posted by npwalters

I am not misinformed. That is one bank and not the norm. Also, take the person that has 50 euros left over. 1.06 X 50 = $53. If they pay the $10 exchange fee they net $43 or 86 cents per euro. They had to go to the bank to do it and the bank will not accept foreign coins - paper money only.

To be clear, the "exchange fee" is just another way of collecting the reduced buy back rate. Go to a currency exchange and look for sell rate and buy rate on any currency to get a picture that you might understand.

If you go to a bank or a credit union, what I wrote is the norm. If you go to a currency exchange like in an airport or foreign country, they do the exchange to make money and you accept paying more or getting less for the conversion. That is how they make their money. They won't sell or buy at the price you'll get at a bank or CU. Their business is to make money on the conversions back and forth.

And a bank or CU will usually waive the $10+ fee if you purchase or sell $200 or more foreign dollars so it has nothing to do with a reduced buy back. Regarding coins, the goal is to spend the coins before leaving, put them in one of the many coin/currency collection bins around the airport that goes to charity or simply keep as a souvenir.

Maybe you'll find someone that doesn't understand how it works and you can take advantage. Good Luck.