I am going to graduate school in Leuven, Belgium starting in spring. I would like advice on the best way of exchanging a large amount of dollars ($5k to $10k) to euros. I want to do this while the euro is still down. I am a complete novice to banking so I apologize for my lack of knowledge.
I do plan on opening a bank amount while I am there. I do not feel like carrying that large of amount of money on me during my flight over (I do believe a person is aloud to travel with a maximum of $10k). If there a way to wire my dollars to a European brand bank and just have them exchange it to euros? And what is the best suggestion for getting the best rates for my exchange (a 1-2% fee is expected)?
Any help or suggestions is much appreciated!