Wanted to share: In St. Peter's Square in the currency exchange, 1 US dollar exchange for .70 Euro and no other fees, the airport and train station was 1 US dollar to .67 and 11% commission.
Posted by
Eastern Iowa, USA
8067 posts
While .70 and no fees is better than .67 and 11%; I hate to break the news, but an ATM in Rome, for me, after all fees, would be closer to .80 euros to the Dollar.
.70 means each euro costs about $1.43
.67 and 11% commission means each euro costs about $1.65
The current Interbank rate is around $1.23, about $1.24 for many peoplefrom an ATM.
Posted by
Mandeville, LA, USA
32 posts
I will be in Italy on Friday! How do I find an ATM with a good exchange vs a poor exchange rate? Previously read to get a card from Capital One so that's what I will be using...
Posted by
OP
Jupiter, Florida, USA
20 posts
Yes, I agree on the ATM's, but I brought some US dollars with me and needed to exchange them for Euro's so this is the best deal I came across besides the ATM's, but thanks again for the info!
Posted by
OP
Jupiter, Florida, USA
20 posts
Paul,
to clarify the exchange rate at St. Peter's, I received 1 Euro for $1.30 Dollars.
Posted by
Wichita
831 posts
Meredith,
This thread was talking about changing actual dollars for euro.
The networks (Visa and MasterCard) set the exchange rates at ATMs (set very close to the interbank rate) so all the ATMs will have the same exchange rate. Italian bank ATMs will not charge you for using their ATM. All charges come from your bank.