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Video:Currency Tips For Traveling in Europe

with Nadia Chapman

Learn these currency trips for traveling in Europe so that you never have the wrong currency while traveling in Europe. Here are important currency tips for traveling in Europe, including what countries use the Euro and where to exchange money.See Transcript

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Transcript:Currency Tips For Traveling in Europe

I am Nadia Chapman for about.com and today I have a quick guide on currency tips when traveling in Europe.

European Countries That Use the Euro As Currency

The main currency used in Europe is of course the Euro. It is now used in 23 countries and states throughout Europe:

  • Andorra
  • Austria
  • Belgium
  • Cyprus
  • Estonia
  • Finland
  • Germany
  • Greece
  • Ireland
  • Italy
  • Kosovo
  • Luxembourg
  • Malta
  • Monaco
  • Montenegro
  • the Netherlands
  • Portugal
  • San Marino
  • Slovakia
  • Slovenia
  • Spain
  • Vatican City

European Countries That Use Other Forms of Currency

The following countries use a different currency:

  • UK
  • Armenia
  • Bulgaria
  • Czech Republic
  • Denmark
  • Hungary
  • Latvia
  • Lithuania
  • Poland
  • Romania
  • Sweden
  • Switzerland

Currency Tips for Using the Euro When Traveling in Europe

Like American or Canadian dollars, the Euro is made of 100 cents. The coins are issued in 1, 2, 5, 10, 20, 50 cents, and 1 and 2 Euros coins. The paper bills go from 5 € , 10, 20, 50, 100, 200, and 500 € bills.

Currency Tips for Withdrawing Money When Traveling in Europe

There are many ways to transfer your money to Euros, or other European currencies. It is a good idea to figure out what works best for you prior to leaving for Europe. A good trick is to ask your bank if they are associated with a European bank where you can use an ATM without paying ATM fees. Bank of America, for example is part of Global alliance with several banks throughout Europe. If you are banking with them and use your ATM card at Barclays in the UK, or BNP Paribas in France for instance, you will not pay ATM fees. You will still have international transaction fees or foreign currency fees, but avoiding the ATM transaction fee will make a big difference in the long run.

A good idea is also to notify your bank when you leave the country, they will put a note in your file, and won't block your card once it's being used far away from home.

Currency Tips for Exchanging Money When Traveling in Europe

If you get to Europe with dollars, try to avoid currency exchange booths at the airports, they tend to have the highest fees of all. Instead look for an independent currency exchange booth, or a bank. In big cities you will have plenty of choices, walk around and read their rates, or call and ask to find the best rates out there.

Be aware that in some small villages, you might not find exchange booths, and sometimes no matter where you are, some banks might not have an ATM, or it may be out of order, or simply out of cash. It is a good idea to have a backup plan such as a credit cards, or travelers' checks.

General Currency Tips for Traveling in Europe

Whether you are taking money out of the ATM, or changing your dollars somewhere, it's a good idea to change a good amount since every time you make a transaction, you get fees. Plan on taking enough money to last you long enough so you won't get fees too often!Having one currency for so many countries makes it simple to compare the price of services and goods within Europe. The Euros are similar to the dollars making them very easy to use for North Americans.

Have a great trip! Thanks for watching, and for more information, please visit us on the web at About.com.

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