Exchanging Euros for Dollars?

Question

I have a bunch of left over Euros from my business travels and want to find the best place in Los Angeles to convert them to dollars. I assume banks, but is there a better place? Is there a place where they don't tax me an arm and a leg to do it?

Answer 1

If you have a few left over, (say 40 euro or less) change at a money changers where they do not charge, (but give you a worse rate.)
If you have a moderate amount (50 euro to where the tax people are starting to ask for their part) bank offices do the best job. They charge a flate rate fee, usually about $5 per transaction or maybe by now it is $10, but give you a better rate on the exchange than the no fee places.
If you have so much that you should pay tax, but not a lot over that limit, take half that money now, and half in a few months to the bank.
If you have much more, go and pay the tax over it, rather than risking getting caught and having to pay fines over it.
But you should have thousands of Euros before the tax people even bother to look.

Answer 2

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RE:
Exchanging Euros for Dollars?
I have a bunch of left over Euros from my business travels and want to find the best place in Los Angeles to convert them to dollars. I assume banks, but is there a better place? Is there a place where they don't tax me an arm and a leg to do it?

Answer 3

A bank should give you the best exchange rate in the US, but in my experience, you will get a better rate there than in the States. However, if you for sure want to do it here, call your bank and find out which branches have the capability to exchange funds. I know that Wells Fargo, for instance, will only do this at their largest banks in large-ish cities. If you wait until you get to Paris, DO NOT change your money at the airport - you will get a poor rate to be sure. If I were you, I would wait until I got to Paris and then take out as much as you think you will need for the entire time you are there and use an ATM. You will pay your bank's fee and perhaps a conversion fee, but its the easiest way to do it in my opinion.

Answer 4

To avoid being hit Stateside, try the Bank you regularly do business with. Otherwise, I suggest you go to LAX Departure and try. If that doesn't help, just wait for your next trip to Europe and remember the best place to convert Euros to Dollars is at a Border, Port or Airport when you are departing Stateside again. Good Luck

Answer 5

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Well, let me tell you what I always do. It saves time, and it saves me the worry that someone got the exchange rate right. Take your ATM card to Paris. The ATM machines all over Europe and the Middle East are all connected to the US and Canada. That way your exchange fee will be minimal as to what they charge if you walk into the bank to do it. Also, you don't have to worry about carry too much cash around at one time. Enjoy Paris

Answer 6

Any NATIONAL Bank in the U.S. can cash your Euros for Dollars. Banks give the best rates even in foreign countries. You will still have to pay the usual Cambio fees.