MONEY|TRAVEL
Now Is The Time To Exchange Your Dollars For Euros
Especially if you are planning to visit any European country that uses euros
This is fairly important information, especially for those of us who are still paid in dollars but pay in euros on a regular basis.
It’s also pretty damn good if you’re planning on or even thinking about visiting any European countries within the next few years whose currency is in euros.
Italy is one of my favorites.
Alas, I don’t think I’ll be visiting this year.
It really does look even more gorgeous in person…
…hard to believe that’s even possible?!
But it’s true.
France is a breathtaking Beauty as well.
Back to the euro and it’s recent descent…
This is something I’ve been following closely for the past 6 months because I exchange my money from dollars to euros on a fairly regular basis.
I have been doing this since I moved to Italy last year in April, 2021.
However, most of the time the exchange rate has been $1.13 or $1.12 to 1 euro.
As of today, it is $1.06 to 1 euro.
That is $7 more for every $100 exchanged.
$70 for every $1000.
I can easily exchange money using my phone as well as transfer money from an American bank account to a European one.
You probably can too.
If you’re planning or even dreaming of traveling using euros, I highly recommend that you exchange some of your money sooner than later.
I am not a financial advisor.
I am simply trying to help other take advantage of this incredible exchange rate that hasn’t been this advantageous for quite some time.
The euro is being used less often as a global payment currency, posting its biggest percentage-point drop in more than a decade in March, as inflation and the war in Ukraine weigh on its appeal for transactions.
Meanwhile, the U.S. dollar remained in the top spot for a 10th consecutive month, and has dominated global payments for the most part since 2013, according to data from the Society for Worldwide Interbank Financial Telecommunications, or SWIFT.
Who knows…maybe it will go even lower in the future. I’m not willing to take that bet though.
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