How to Use Cash on your Europe Vacation

by Sam Walton Sr. Business Analyst

If you are planning your first trip to Europe, you are definitely going to have an unforgettable experience! But before you leave, you need to have something to spend abroad. Remember that cash is still king. Here is a simple guide on how to use cash in Europe.

Buy foreign currency before you leave

There are many benefits if you buy your forex before you leave for your destination. There are many reputed currency exchange services that will offer you a god rate if you find a better rate in your local area. So, buying currency in advance can help you save money. It also lets you wait for a good rate and buy when the rate drops. You wouldn’t want to get your cash in Europe when you can get it back home at a better price.

Know the currency

Buying your currency before you start also gives you sufficient time to get used to the unfamiliar currency. You can take your own time to become familiar with the various denominations and practice making change with it. Doing this in advance will ensure you are more comfortable with your cash on the go. You’ll know if you’re getting short-changed while shopping on vacation.

Know where Euro is used

The Euro is NOT used in all European countries.

Countries in Europe that use the Euro

Andorra, Austria, Belgium, Cyprus, Estonia, Finland, France, Germany, Greece, Ireland, Italy, Kosovo, Latvia, Lithuania, Luxembourg, Malta, Monaco, Montenegro, the Netherlands, Portugal, San Marino, Slovakia, Slovenia, Spain, and Vatican City.

Countries in Europe that do not use the Euro

Albania, Belarus, Bulgaria, Croatia, Czech Republic, Denmark, North Macedonia, Moldova, Hungary, Iceland, Liechtenstein, Poland, Norway, Romania, Russia, Serbia, Sweden, Switzerland, Ukraine, and the United Kingdom.

Use local currency

Some stores in Europe will accept American dollars but they will charge a huge exchange fee. You have to pay an exchange fee on using other European currency outside the relevant country. If you’re travelling through more than one European country, make sure you have enough of each local currency to avoid the fees.

Do not withdraw cash with your credit card

The credit card is charged an exorbitant interest rate on cash withdrawals. So, unless it’s an emergency, do not use your credit card for cash withdrawals at an ATM. You pay a fee even for debit cards and the best idea is to buy the cash you need before you leave.

Cash is king

While cards are accepted in Europe, cash is still king. You’ll run into restaurants and shops that are ‘cash only’.

If you are looking for foreign currency exchange without any hassle in Dallas or San Antonio, Texas, call Texas Currency Exchange at 888-975-6009. At Texas Currency exchange, we will help you with any questions about exchange rates, the type of currency you will need for your travels and more.