Banking and Currency
Although we will be providing
your transportation from and to Toulouse, accommodations, some meals
and transportation on excursions, you will need to bring with you your
own currency for the purchase of meals, souvenirs, personal items and
in the event of an emergency.
The national currency in France (and all countries in the European Union)
is the Euro. U.S. dollars are not accepted in most establishments; however,
some shops and restaurants may accept your U.S. dollars at an agreed
upon exchange rate.
As of April 2002, the exchange rate is 1 EUR = 1.22350
USD. Euros are both paper and coin.
Bill denominations are as follows:
500€ / 200€ / 100€ / 50€ / 20€/ 10€/ 5€
Coin denominations are as follows:
2€ / 1€ / 50 cents / 20c / 10c / 5c / 2c / 1c
Most French banks have a bureau de change. French banking
hours (outside of Paris) are 10:00am to 1:00pm and 3:00pm to 5:00pm,
Tuesday through Saturday. Many banks now have ATMs (automatic teller
machines) outside, which you can normally use with cards in the Visa
or MasterCard groups. Instructions are often given in French, English
Currency exchange can be made in most banks (look for
a sign indicating Change) and post offices as well as in some large
stores, train stations, airports and exchange offices near major tourist
sites. Remember that even though exchange rates are fixed, agent commissions
vary; they must be clearly displayed. Exchange rates vary from bank
to bank in the U.S. and France.
Large cities in the U.S. generally have banks specialized
in foreign exchange with lower exchange rates. The same applies in France.
In general, it is best to find a larger bank or exchange office.
Traveler's checks in U.S. dollars should be exchanged in banks or exchange
offices because very few businesses will accept them. Traveler's checks
in Euros can be purchased in the U.S. from specialized banks or in any
major banks in France. They offer a safe means of traveling with ready
THE LATEST EXCHANGE RATES HERE!
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