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United States Dollar to Euro conversion – Last updated Aug 27, 2022 02:10 UTC
If you’re planning on traveling to Europe in the near future, you may want to convert some of your money into euros. This post outlines everything you need to know about converting USD to EUR, including how to get the best bang for your buck and where you’ll pay the highest fees.
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Converting US dollars to euros is a fairly simple process. Typically, there are two ways you can make the conversion.
When you’re trying to convert currency, using a currency conversion calculator is a great way to get an estimate. Since exchange rates fluctuate often, using a calculator is a smart way to ensure your math is correct.
Keep in mind that when you actually convert your money, you may be charged fees that a currency calculator doesn’t factor in. For example, credit card processors and ATM networks typically levy a conversion fee equal to 1% of the purchase price. Merchants, such as a currency exchange, typically charge their own fees as well.
When you’re ready to buy US dollars or euros, it’s good to plan ahead. Doing so can help you pay the fewest fees. Here are three methods that you can use to cut down on exchange fees:
Money Transfer Partners
1
Xe Money Transfer
98+ currencies available to transfer to 130+ countries
Initiate transfers 24 hours a day, 7 days a week
Xe offers low to no fees on money transfers
1
Xe Money Transfer
Via Xe’s Website
2
Wise – Multi-Currency Account
55 currencies
$0
Direct debit, wire transfer, debit card, credit card & Apple Pay
2
Wise – Multi-Currency Account
Via Wise website
3
CurrencyFair
Hold over 20 currencies
Send and receive to over 150 countries
Money transfers up to 8x cheaper than traditional banks
3
CurrencyFair
Via CurrencyFair’s Website
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