Traveling in Europe can be both exciting and daunting. To many people this is a dream trip that has been carefully planned out right down to the last cent, or has it? Knowing how to get the best exchange rates while traveling is something many travelers deal with only when they get to their country of destination, however this is not always the best way to go. Try checking with your local bank before you leave to see if they offer currency exchange and travelers cheques, this is often a low cost option. After you reach your destination, look for foreign exchange counters, local banks, and even ATMs to change your cash. Keep in mind that not all European countries participate in the Euro system.

If you have found a reputable currency exchange counter, they will show you how much they charge in fees. You may find that this is not the best option for getting the best exchange rates, but some travelers are anxious to get the currency they will need. Trust your instincts, if you feel like you are not being offered the best deal, there are other ways to exchange your money. It is very easy to get confused with exchange rates, especially when traveling from a country that uses Euros to one that does not participate in the Euro system. 

Many European banks will exchange currency for travelers for a decent fee. You are more likely to be offered this service from a larger bank than a small town bank. If the bank does not offer currency exchange, but you have travelers cheques, they can often exchange these items for you. Banks may also be capable of performing  a cash advance on your credit card, but keep in mind you may not be getting the best exchange rates when you factor in the cash advance fees.

If you want to use your credit or debit card for the best exchange rates in Europe, look for local ATM machines. The fees you incur for using these machines can be less than those found at exchange counters or on your credit card statement. Credit cards are widely accepted throughout Europe, so this may be your best option for being sure you are getting the right exchange rate because the credit card system automatically converts the transaction for you. Always remember to carry some cash on you though, in case a business does not accept credit.