euros or dollars?

ar seizh sant · Oct 3rd, 2004, 17:31

We live in France (euros). Is it worth getting dollars for Kerala (main tourist centres - Kovalam, Varkala, Cochi, etc.), or are the rates for euros as good as for dollars? Is there a difference in rates between cash and travellers cheques?

Ar Seizh Sant

cyberhippie · Oct 3rd, 2004, 18:24

The rates at the moment are better for Euros and the Euro is accepted just as readily as the Dollar in the places you plan to visit!!!
Just take Euros no need to change into dollars!!

Bon Route

carol · Oct 3rd, 2004, 23:22

euros are the best to take. They usually rise in value abt christmas. Dollars not doing well at all. Take as much cash as you feel happy with and change it as the rate rises.

Cheers

Carol

shere · Oct 4th, 2004, 01:54

Take Euros as it avoids conversion costs to dollars etc.

There are no such things as better rates as you have to factor in the conversion costs etc. If there was money to be made, so many people would be doing it that the demand/supply would mean the gains would be lost so no arbitrage opportunity would exisit for long.

shere · Oct 4th, 2004, 01:55

Quote:

Originally Posted by carol

euros are the best to take. They usually rise in value abt christmas. Dollars not doing well at all. Take as much cash as you feel happy with and change it as the rate rises.

Cheers

Carol

You cannot gurantee the rate will rise at xmas. Remember rates can go up and down. If everyone was so cerain about rates then it would be golden chance to make some money using futures/options.

ar seizh sant · Oct 4th, 2004, 12:26

Thanks to everybody for your replies. Euros it is.

rickshawwallah · Oct 4th, 2004, 12:57

Quote:

...change it as the rate rises.

Is this an investment forum or a travel forum?

Most people change money as they need to, rather than as an investment.

ar seizh sant · Oct 4th, 2004, 13:03

Hello Rickshawwallah,

No, of course it's a travel forum. There are countries where currencies other than the dollar can be difficult to change, and when they can be changed they get a depressed rate compared with their true value on the international currency market, so it can be worth changing your home currency for dollars first before going to such a country.

Happily, India is not such a country, as has now been confirmed on this very useful travel forum

Cheers,

Ar Seizh Sant

goangoangone · Oct 4th, 2004, 13:06

Don't get sucked in by what looks a good rate. A worse rate with lower commission might work out better

Oct 3rd, 2004, 17:31	#1
ar seizh sant Member Join Date: Sep 2004 Location: France Posts: 5	euros or dollars? We live in France (euros). Is it worth getting dollars for Kerala (main tourist centres - Kovalam, Varkala, Cochi, etc.), or are the rates for euros as good as for dollars? Is there a difference in rates between cash and travellers cheques? Ar Seizh Sant

Oct 3rd, 2004, 23:22	#3
carol Member Join Date: Sep 2004 Location: india/Ireland Posts: 32	Euros the best euros are the best to take. They usually rise in value abt christmas. Dollars not doing well at all. Take as much cash as you feel happy with and change it as the rate rises. Cheers Carol

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Oct 3rd, 2004, 18:24	#2
cyberhippie Account Closed by User's Request Join Date: Jul 2002 Location: the Netherlands Posts: 6,012	The rates at the moment are better for Euros and the Euro is accepted just as readily as the Dollar in the places you plan to visit!!! Just take Euros no need to change into dollars!! Bon Route

Oct 4th, 2004, 01:54	#4
shere Maha Guru Member Join Date: Mar 2004 Location: England Posts: 1,105	Take Euros as it avoids conversion costs to dollars etc. There are no such things as better rates as you have to factor in the conversion costs etc. If there was money to be made, so many people would be doing it that the demand/supply would mean the gains would be lost so no arbitrage opportunity would exisit for long.

Oct 4th, 2004, 12:26	#6
ar seizh sant Member Join Date: Sep 2004 Location: France Posts: 5	Thanks to everybody for your replies. Euros it is.

Oct 4th, 2004, 13:03	#8
ar seizh sant Member Join Date: Sep 2004 Location: France Posts: 5	Hello Rickshawwallah, No, of course it's a travel forum. There are countries where currencies other than the dollar can be difficult to change, and when they can be changed they get a depressed rate compared with their true value on the international currency market, so it can be worth changing your home currency for dollars first before going to such a country. Happily, India is not such a country, as has now been confirmed on this very useful travel forum Cheers, Ar Seizh Sant

Oct 4th, 2004, 13:06	#9
goangoangone Monsoon Loon Join Date: Aug 2004 Location: Goa Posts: 1,504	Don't get sucked in by what looks a good rate. A worse rate with lower commission might work out better

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