An exchange rate is the value of one country’s currency in relation to another’s. Imagine you’re planning a trip to Europe from Hong Kong and you need to spend Euros while you’re there. Let’s say the exchange rate at the time made 1 HKD worth 0.12 EUR. This means that for ev...
Currency conversion fees are "hidden" fees that are charged when you ask that your transactions be presented to you in dollars. For instance, if you use your credit card to buy a sweatshirt in Ireland that costs 40 euros, the merchant's point-of-sale terminal could present you with the ...
While it’s tempting to visit as many countries as possible, you should try to stick to a maximum of three, so you don’t tire yourself out and have enough time to go with the flow. Remember, the cost of your European adventure will depend on factors such as your travel style, ...
Time:Transfer takes 3-5 business days, depending on how long it takes to exchange the currency as well as the banks involved. Every time I send money to China, the money arrives within 2 business days, so I’ve been very happy. Extras:One thing Wise has going for it is their easy-t...
Ready for a fun semester abroad? Here are six tips to help you plan a budget, figure out whether to use a credit or debit card and find ways to trim costs. 1. How credit cards work abroad How does using a credit card abroad work? In many ways, the same as here in the U.S. ...
A multi-currency account allows you to hold, send, and receive money in multiple foreign currencies using one account detail. There are many options for multi-currency accounts. Many traditional banks and fintech companies provide business accounts with multi-currency capabilities. For businesses ...
The European Union includes 19 countries that use the euro as their official currency. To combat waste, the EU uses color-coded hard plastic coin rolls (sometimes called coin cartridges). These plastic rolls have snap closures and are embossed with the denomination and value of the roll. Euro...
SpectroCoinoffers Bitcoin prepaid cards, which can be used at any ATM around the globe or shops as an ordinary payment card. The card is funded instantly, so you do not have to worry about exchanging your bitcoins in advance. The card can be denominated in dollars (USD), euros (EUR) or...
The dollar's status as the leading global currency preceded petrodollar's rise and has continued amid increased U.S. energy production and widening current account deficits. Why Petrodollars Matter Petrodollars are U.S. dollars earned by countries through the sale of oil and other petroleum produ...
If you’re using an international credit card to make a purchase, don’t accept the conversion rate offered. Select “no” when asked and you will always get a better conversion rate. Also, when asked, always select to be charged in Euros instead of your home currency. ...