Saturday, June 7, 2008

Money & Costs of France

Credit and debit cards are convenient and relatively secure. Visa and MasterCard (Access or Eurocard) are widely accepted; AmEx cards are useful at more upmarket establishments. In general, all three cards can be used in shops, supermarkets, for train travel, car rentals, autoroute tolls and cash advances. Remember you'll need to know your PIN number ( le code ) to use a credit card in many hotels, shops and restaurants.

Currency
Name .................................Euro
Symbol ..............................
Euro notes come in denominations of 5, 10, 20, 50, 100, 200 and 500. It is often difficult to get change for a €500.00 note.

One euro is divided into 100 cents or centimes. Coins of 1, 2 and 5 centimes are copper-coloured; coins of 10, 20 and 50 centimes are gold-coloured; 1 and 2 euro coins are gold-and-silver coloured. It's a good idea to keep a supply of various coins for parking meters, laundrettes, tolls etc.

Changing Your Money
The cheapest and most convenient way to change money in France is via ATMs (known as DABs in French); they accept all the major international credit and bank cards. You get the best exchange rate by using a credit card for purchases and a debit card for cash. Travellers cheques are safe and almost universally accepted, especially in larger towns and tourist centres; they also offer better exchange rates than cash. Post offices that exchange travellers cheques give a good rate. Major train stations and fancy hotels also have exchange facilities which usually operate in the evening, at the weekend and during holidays, but the rates are generally poor.

Money Tips
The land of the €5.00 cafĂ© au lait is not exactly Europe's cheapest destination, but that doesn't mean you have to break the bank to visit. Devoted scrimpers can get by on around €50.00 per day, though it means a whole lot of brie-and-baguettings in the park. For a more well-rounded culinary experience and a comfy bed or two, a minimum of €90.00 is in order. Of course, for the Dom Perignon crowd, those figures might not cover even the day's pourboires - count on dropping €200.00 and up if you're really living large. Student and senior citizen discounts are common. Whatever your budget, figure on everything being up to 50% more expensive in Paris.



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