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Re: euros vs $$$$
[Re: pito3]
#45842
03/16/2015 10:36 AM
03/16/2015 10:36 AM
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Joined: Feb 2015
Posts: 155 Central Connecticut
4Driver4
Traveler
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Traveler
Joined: Feb 2015
Posts: 155
Central Connecticut
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pito3 said: so if I want to pay in US Dollars CASH I get screwed each time? because the vendor has to exchange it? No. You only get "screwed" if the exchange rate the vendor uses is higher than actual exchange rate. When paying in cash, either negotiate in US dollars or, if the purchase is fixed price, verify that the exchange rate is reasonable prior to purchase. For me, $1.10 is about my limit for purchases less than $20. Anything larger I charge in Euros on the card. This guarantees me the market rate and also card points.
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Re: euros vs $$$$
[Re: pito3]
#45844
03/16/2015 11:16 AM
03/16/2015 11:16 AM
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Joined: May 2008
Posts: 1,597 Sint Maarten
transplantsxm
Traveler
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Traveler
Joined: May 2008
Posts: 1,597
Sint Maarten
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pito3 said: so if I want to pay in US Dollars CASH I get screwed each time? because the vendor has to exchange it? You get screwed cause they can and do take advantage of tourists. Had a big bill on Orient yesterday, exchange rate was 1.20. I know the owner so I called him on it and he said most don't pay attention. Charged it through in Euros so I will get the 1.05.
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Re: euros vs $$$$
[Re: plequerre]
#45847
03/16/2015 11:57 AM
03/16/2015 11:57 AM
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Joined: Feb 2015
Posts: 155 Central Connecticut
4Driver4
Traveler
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Traveler
Joined: Feb 2015
Posts: 155
Central Connecticut
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I find myself taken aback a bit by the "getting screwed" language. You are only getting screwed if the vendor is doing some sort of slight-of-hand. If the exchange rate is clearly posted or available if you ask, you have a choice of how to pay. I see no reason why the vendor *must* offer the same exchange rate that everyone else offers any more than all vendors should charge the same price for a cheese burger. When we all shop, we are aware of the price of things you are buying; this is just one more factor to consider. plequerre said: When I'm offered by a merchant in SXM to be charged in dollars, my US bank still charges me a minimal fee for converting them in Euros because the merchant's bank account is in Euros. You need a new credit card. Many if not most cards have dropped the conversion fees.
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Re: euros vs $$$$
[Re: plequerre]
#45849
03/16/2015 12:40 PM
03/16/2015 12:40 PM
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Joined: Feb 2007
Posts: 4,416 Rhode Island
RonDon
Traveler
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Traveler
Joined: Feb 2007
Posts: 4,416
Rhode Island
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plequerre said: When I'm offered by a merchant in SXM to be charged in dollars, my US bank still charges me a minimal fee for converting them in Euros because the merchant's bank account is in Euros. I have to dispute the fee each time. If he offers and accepts to be paid in dollars, then he should be charged for converting them in Euros, not me. After all, he's the one fixing the conversion rate between his currency and mine, so why should I have to bear the cost of converting my dollars back into his currency? I don't mean to be a PITA but this kind of things really upset me. Get a credit card that doesn't charge transaction and conversion fees. We use Capital One but there are other ones.
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Re: euros vs $$$$
[Re: sail2wind]
#45850
03/16/2015 12:52 PM
03/16/2015 12:52 PM
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Joined: Feb 2015
Posts: 155 Central Connecticut
4Driver4
Traveler
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Traveler
Joined: Feb 2015
Posts: 155
Central Connecticut
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sail2wind said: ".I don't want to bring back a bunch of euros to the US...what to do? "
exchange the Euros before you leave <img src="http://www.traveltalkonline.com/forums/images/graemlins/duh.gif" alt="" /> Stay longer! <img src="http://www.traveltalkonline.com/forums/images/graemlins/Wink.gif" alt="" />
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Re: euros vs $$$$
[Re: 4Driver4]
#45851
03/16/2015 01:21 PM
03/16/2015 01:21 PM
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Joined: Nov 2009
Posts: 3,278 Maryland/DC Metro
BeachKitten
Traveler
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Traveler
Joined: Nov 2009
Posts: 3,278
Maryland/DC Metro
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4Driver4 said:sail2wind said: ".I don't want to bring back a bunch of euros to the US...what to do? "
exchange the Euros before you leave <img src="http://www.traveltalkonline.com/forums/images/graemlins/duh.gif" alt="" /> Stay longer! <img src="http://www.traveltalkonline.com/forums/images/graemlins/Wink.gif" alt="" /> Spend more! <img src="http://www.traveltalkonline.com/forums/images/graemlins/jester.gif" alt="" />
"It is good to do nothing all day, and then to rest"
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Re: euros vs $$$$
[Re: kim]
#45853
03/16/2015 03:40 PM
03/16/2015 03:40 PM
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Joined: Mar 2006
Posts: 198 SW Florida
CptCook
Traveler
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Traveler
Joined: Mar 2006
Posts: 198
SW Florida
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kim said: Just left grocery store in Porto Cupecoy, and on the receipt it still says 1.00 USD= 1.30 Euro ? The rate today is very close to 1.06 Euros to 1.00 dollars. If you can get 1.30 Euros to $1 USD, go back there and buy lots with dollars! <img src="http://www.traveltalkonline.com/forums/images/graemlins/Grin.gif" alt="" />
"Be a Traveler, not a tourist!"
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