How to Convert Euros to USD
The euro took hold on January 1, 2002 and is now the European currency in countries from Andorra to Slovenia. The list of euro countries continues to expand. Much like its predecessors such as lira, francs and drachmas, the euro can be converted to dollars at major financial institutions and exchange outfits.
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Instructions
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Check the rate-of-exchange. Before you convert euros into dollars, you should know the current rate of exchange. Currency rates are listed in newspapers and at banks. For the most current exchange rates, check online. Both the euro and dollar have 100 cents, so computing comparable value is quite simple.
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Spend your coins before you hit the U.S. While some exchangers will take coins, most financial institutions deal paper-to-paper.
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Go to a major bank. Many local banks may offer exchange services but often cannot provide the most favorable rates of exchange.
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Choose an American Express office. American Express and other major credit card companies have offices that offer exchange services with typically favorable rates.
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Check out the exchangers at your airport. Major airports are more likely to provide this service, but even smaller ones may exchange euros, and Canadian and Mexican currencies.
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Go to the local post office. They can also convert euros.
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Locate a Travelex office. An international company, they convert all types of currency. Regardless of which outfit you choose, the final step is handing over the euros and accepting dollars in exchange.
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Tips & Warnings
Dealing with larger financial institutions and better known exchangers lessens your chances of being taken by unscrupulous dealers.
Even the most favorable rates of exchange can be negated if the outfit charges exorbitant fees. Ask what fees they will charge before you hand over your euros.
Resources
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