I'm travelling to Italy from 18/09 to 06/10. Price of euro pretty expensive in AU at the moment. Am I better off changing money at a bank in Italy, or will I get the best rates here. I live in Brisbane. I don't have 28* cc, however I do have citibank plus account.
Going to Italy. Buy Euros in AU or Wait
felipe1982 on 02/09/2015 - 07:37
Comments
Nobody knows what is going to happen with the exchange rate in two-three weeks.
Therefore, it is up to you.
However, withdrawing money from a citibank plus account via an ATM overseas will always give you a better exchange rate than changing money at a local bank.
If we knew the answer to this question, then we wouldn't need to be using OzBargains.
the euro is going to drop by 28% - buy now.
or it might rise. or stay the same. I don't know. no one knows.
if your going to hire a car and your going to leave Italy then buy your fuel outside of italy as italy imposes a huge fuel tax. fuel is excessive in comparison to the res of europe.
Exchange rate will go up and down daily. Nothing you can do about that, and mostly unpredictable. A$ is quite low at the moment.
Best way I believe is to pay with 28 degrees, but many places in Italy will not accept credit cards especially for small purchases.
I am in Brisbane too and have some euros left from my last trip. I am happy to sell them to you and give you a better deal that the best exchange you can find in Brisbane at the time (for cash notes that is). PM me is you are interested.Thanks all. I didn't mean to sound like I was asking what the future holds for the AUD or the Euro. I meant to ask if all things equal, would I likely get a better rate in Australia or in Italy?
I'll try ATM withdraw from Italy.
Do I select "credit" option when I withdraw from ATM?
If using Citibank plus card, yes select credit to withdraw. Don't withdraw from 28degrees card… it's expensive (cash advance rate).
Can I assume 0% currency conversion fee with Citibank Plus when I'm travelling? I'm using this site for currency exchange calculation http://usa.visa.com/personal/card-benefits/travel/exchange-r…
Ignore fees charged by foreign atm for the moment.
Any ideas?
You'd get the best rate using your Citibank plus debit card in an ATM at the airport you arrive at. Aim for a local bank ATM or Citibank ATM, not the Travelex/International Exchange machines that try and charge ridiculous fees.
Good write-up under the International ATM section: https://whirlpool.net.au/wiki/citibank_plus_transaction_acco…