Paying for Paris: How I don’t let exchange rates stress me out!
Exchange rates are very important to factor in when planning your budget to Paris. If the exchange rate isn’t a 1:1 ratio, you need to plan carefully to not go over your budget. Exchange rates change frequently and can be maddening to keep up with while traveling.
If the exchange rate history isn’t volatile with wide swings in a day, once I get to Paris, I don’t worry about the exchange rate anymore. Instead, I use whatever the exchange rate was on the day of my departure.
On my last trip to Paris, the exchange rate started out at 1.05 USD to 1 Euro and by the end was 1.10 USD to 1 Euro. A rate swing my budget could easily absorb (and a wonderfully low exchange rate, at that).
Before I leave for Paris, I plan my budget knowing how much I plan to spend in euros so that once in Paris, I only need to think in euros. For example, if my pastry budget (yes, I always have a pastry budget) is $50USD then I calculate what that equals in euros. Using the average exchange rate from my past trip as an example, my pastry budget in euros would be about 46 euros (50 divided by 1.08 rounding to a whole number). Now when I spend my money in Paris, I know that I have 46 euros to work with to keep within my $50 budget. Make sense?
What about you? Do you have any tricks to keeping up with the exchange rate while you travel?