Carrefour Market offering great Euro to USD exchange rate

Carrefour market posted on their facebook page that they are offering 1 ‎€ = 1.25 US$. This is a great exchange, so anyone on island might want to go to an ATM and withdraw Euros as the bank rate is 1 ‎€ = 1.12 US$ and then use those Euros to shop at Carrefour. They did not say how long they are offering this exchange.

Sarcasm?

Great idea if you are into losing around 10% every time you shop there....

You would be saving approx $13. ‎€100 = US$112 approximately. Take that ‎€100 and they'll credit you US$125.

Wow and I thought I was math deficient!

I get where you are coming from but one euro equals one euro......USD rate has nothing to do with that unless you pay in USD...so the $1.25 /Euro is a crap rate yes....I agree ...but you make it sound like a deal....

..or you could just use a CC and tell them to charge in Euro....or just go to the Cole Bay store and pay in dollars

Now that I think about it aren't the Carrefour stores all on the Dutch side. Why in the world would you get euro to shop there....if you do then getting Euro loses you a tad over 10% on every purchase...

I'm no mathematician, but I think your reasoning is backwards. And regardless, yes they are on the Dutch side.

Super U WAS giving 1 to 1. Not sure if they are still doing that or not, but now THAT is a good deal..

Super U yes , still the same.

If Super U is still doing 1 for 1, I guess Carrefour is trying to attract French customers? That is what makes sense to me. The official currency on the Dutch side is Guilders, which is specifically pegged to the Dollar. So I think they are trying to attract French customers, as if you are paying with Dollars, then you don't care what the Euro exchange is.

Carrefour is actually partly French owned.

Not for me. I'll stick with US dollars or credit card for an even exchange on the Dutch side. Math is a pretty simple think.

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Yup...just got back from the Carrefour on Rue Buci in Paris with my significant quantity of wine and 1664 beer.....

Went today to the recently reopened Carrefour in Cole Bay. Very nice store with reasonable prices. Will likely be our go to store when staying in the Simpson Bay/Maho area. Will still go to Super U in Marigot for great selection and prices on French wines.

Super U fills our needs at less money.

Yes Super U does have some very good prices.

My math isn't backwards. You are going to pay $112 for Euros that Carrefour is going to credit you for $125. So you buy $125 worth of groceries are Carrefour. You could either give them $125 USD or ‎€100 (that cost $112 USD). You would save $13

Ok...usually the rate posted at most places is for the cost of the euro products (10 euro product COSTS $11.30- $12 or so)

This is a promo where one euro is WORTH $1.25 so the OP is correct.....$113 (100 euro) gets you $125 worth of goods (priced in dollars)

Good job sticking to your guns.....

From the Carrefour ad:

Still only makes sense if you already have Euros? Don't most ATMs charge like $5 per transaction? And then is there also a foreign exchange fee, if you get money in Euros?

Depends on your card I guess. My Schwab ATM card reimburses all ATM fees everywhere and has no foreign exchange fees.....

I'm sure ours charges. Regardless, I think it's too much trouble, unless you already have Euros.

Today's rate.
1.122

Not necessarily. Crédit Mutuel has ATMs in Marigot and Hope Estate and they do not charge a fee to use them. They will let you withdraw USD or Euros. Only charge would come from your financial institution if they charge you to use another ATM. When you withdraw Euros the exchange they give you is pretty close to the current bank rate.

OK I will agree to disagree with you on this whole thing.

I want to disagree also! LOL

I get that Getting a Deal is important to some, but It seems a lot of work for someone on the island only a week or two? How much are you spending on grocery and beverage?