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Best Rate at ATM?

Posted By: SeaStar

Best Rate at ATM? - 03/10/2015 01:36 PM

Which ATMs have the is best exchange rate to get Euros from USD? Thanks!
Posted By: dane

Re: Best Rate at ATM? - 03/10/2015 02:51 PM

Exchange rates fluctuate by the day the transaction is posted and by bank, according to the market rate. It would be virtually impossible to predict which bank charges less on a given day at the ATM. If withdrawing a large enough amount where what would probably amount to a 2% or less difference from bank to bank, you could stop in to the actual branch to check on the exchange rate of the day. However, most daily ATM limits would not allow such a large withdrawal so as to make the effort worthwhile (IMO).
Posted By: boucharda

Re: Best Rate at ATM? - 03/10/2015 06:57 PM

If you are getting euro from a French ATM then the bank is irrelevant...200 euro will cost 200 euro... It is YOUR card that will convert the euro to dollars so the rate is dependent on your bank
Posted By: wilsonck

Re: Best Rate at ATM? - 03/10/2015 09:13 PM

Its the network the transaction goes through that sets the rate. This exchange rate is either the wholesale market rate or a government-mandated rate on the day before the date the transaction is processed. The processing date may differ from the date of the transaction.
Posted By: timmycs

Re: Best Rate at ATM? - 03/11/2015 10:12 AM

Where are the ATMs on the French side? Does the supermarket in Grand Case have an ATM?
Posted By: wilsonck

Re: Best Rate at ATM? - 03/11/2015 12:42 PM

I use the credit mutuel ATM in Hope Estate, just down from Simply supermarket. It dispenses Dollars or Euros, your choice.
Posted By: bbeach

Re: Best Rate at ATM? - 03/11/2015 12:48 PM

The ATM wilsonck is talking about also has no fee, we used it a few times last week
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