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#210379 12/02/2019 07:24 PM
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RonDon Offline OP
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I just checked exchange rate and one US dollar equals .99 euro. Maybe if going to SXM one should consider getting euros?

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RonDon #210382 12/02/2019 07:37 PM
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actually the euro is 1.107 US dollars. Up just about a penny from yesterday. 23:35 UTC

RonDon #210383 12/02/2019 07:45 PM
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Originally Posted by RonDon
I just checked exchange rate and one US dollar equals .99 euro. Maybe if going to SXM one should consider getting euros?

Better rethink your math. You have it backwards.

RonDon #210384 12/02/2019 07:57 PM
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Unless I'm missing something, what's the difference? You're ultimately going to pay the same amount. Pay now or pay later.

SXMScubaman #210390 12/03/2019 07:27 AM
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Originally Posted by SXMScubaman
Originally Posted by RonDon
I just checked exchange rate and one US dollar equals .99 euro. Maybe if going to SXM one should consider getting euros?

Better rethink your math. You have it backwards.



That was yesterdays quote to me from the bank. I also checked Swiss Francs and they were .90 to a dollar. So I do not have it backwards. So I thought I'd post it. And I was suggesting if one had euros one wouldn't have to use a credit card and be held hostage to the best rate. Some businesses hold a charge until they can get the higher rate.

Last edited by RonDon; 12/03/2019 07:27 AM.
RonDon #210391 12/03/2019 07:36 AM
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And the rate changes daily and I have often found many businesses on the island tend to set their own rate for the conversion.


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RonDon #210392 12/03/2019 07:51 AM
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Morningstar online rate quotes - usually pretty accurate when I compare to credit card charges.

1.00 euro = 1.11 US dollar
Or
1.00 US dollar = .90 Euro


1.00 Swiss Franc - 1.01 US dollar
Or
1.00 US dollar = .99 Swiss Franc


When on the French side I always use my charge card and charges have never been held for a better rate.

RonDon #210394 12/03/2019 08:22 AM
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It costs $1.11 ($1.107 USD) to buy a Euro

For one USD you get .90 Euro

It has been right around that rate for awhile give or take a cent or two

I seem to remember this conversation from a previously similar thread

...and the Swiss Franc is pretty much on par to the dollar being exactly as mentioned above for the last year (plus/minus a cent)

I should add that if you can get Euro for 99 cents (USD) at your bank go for it...and let me know which bank it is wink

Last edited by boucharda; 12/03/2019 08:31 AM.
RonDon #210395 12/03/2019 08:29 AM
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Quote
I seem to remember this conversation from a previously similar thread

Yep, just like car rentals, tipping/service charge and who has the best whatever, these things come around somewhat regularly.


J.D.
boucharda #210408 12/03/2019 10:25 AM
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"I should add that if you can get Euro for 99 cents (USD) at your bank go for it...and let me know which bank it is "

Plus one to that!! If that banker is really giving that rate, they won't be employed as a banker for too long!!!!


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RonDon #210422 12/03/2019 12:15 PM
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RonDon #210482 12/04/2019 06:46 AM
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reading all everyone has written then I'm glad I bought euros that day at the rate the bank gave me.

RonDon #210487 12/04/2019 10:08 AM
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Rosemary--If you actually got that rate, I hope you bought a LOT of Euros!!


Carol Hill
RonDon #210493 12/04/2019 10:58 AM
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I would still like to know the bank since I live two blocks from RI.....share the deal wink

RonDon #210494 12/04/2019 11:00 AM
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I would be curious to know how many dollars you spent and how many euros you got in return.

Carol_Hill #210532 12/04/2019 04:39 PM
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RonDon Offline OP
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Originally Posted by Carol_Hill
Rosemary--If you actually got that rate, I hope you bought a LOT of Euros!!


now that I read all this I wish I had gotten lots f them but alas just pocket money (couple of hundred) for arrival day in Amsterdam. Did it because i was informed some places will not take credit cards while others will not take cash, only Debit card and it must be on Maestro Debit which I have no idea where to get one. It's a division of Mastercard so I'll be checking online.

RonDon #210543 12/04/2019 08:22 PM
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A Chip-and-Pin credit card may be needed in some places.

ruralcarrier #210552 12/04/2019 10:48 PM
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Originally Posted by ruralcarrier
And the rate changes daily and I have often found many businesses on the island tend to set their own rate for the conversion.


As well they should set their own rate. The actual legal tender in the French side is the euro. Businesses are, to some extent, doing you a favour by accepting any other currency. Addiionally the business does not get the rate that is posted. There is one rate to buy fx and another to sell it. Their banks charge them a service fee just like some credit cards charge a fee. The business shouldn't have to eat that cost for doiong you the favour of accepting your currency.



jaxon60 #210555 12/04/2019 11:05 PM
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I'll stick with using my no fee credit card.


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