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Euros/Exchange Rate

Posted By: Phyllis

Euros/Exchange Rate - 06/18/2022 09:17 PM

Is it worth it to get SXM currency before leaving for SXM, or does it matter whether paying in dollars or credit card? Thank you!
Posted By: pat

Re: Euros/Exchange Rate - 06/18/2022 09:54 PM

From our experiences there is little to no reason to exchange US or CN dollars for Euros. We sometimes find it most advantageous to charge on the French side using a cc that does NOT charge a conversion fee and gives you the best daily rate for conversion from Euros to dollars but we generally only do this if the charge is significant. A day at Anse Marcel is one place we always use this approach since it tends to become a very pricey day there between chairs, food and drinks.
Posted By: erb923

Re: Euros/Exchange Rate - 06/18/2022 11:40 PM

Go to a bank on the French side and use your ATM card, sometimes your bank pays the fee or you pay like $5-10 service charge and get out a few hundred.
You will get the current exchange rate ad euros in your hand.
Posted By: Carol_Hill

Re: Euros/Exchange Rate - 06/19/2022 12:14 AM

SXM to me is the Dutch side, which actually is locked into the US dollar at a constant rate. For the French side, right NOW, pretty much the Euro is almost 1 to 1, pretty much everywhere we have been.

So, don't worry about it. Pay with dollars or a credit card, charged in dollars or Euros. The final price is going to be very little difference.
Posted By: Phyllis

Re: Euros/Exchange Rate - 06/19/2022 04:14 AM

Thank you, everyone!
Posted By: Biturbo

Re: Euros/Exchange Rate - 06/19/2022 09:47 PM

Exchange rate is now appr. 1E = $1.04. Hardly worth the effort.
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