This generally means one cent, two cents, six cents, and seven cents are rounded down to the nearest five cents while three cents, four cents, eight cents, and nine cents are rounded up. ATMs are perhaps the best place to get the local currency once you arrive in the Netherlands.
Called geldautomaat in Dutch, ATMs are available virtually everywhere in the country. But if they provide an option to charge in your home or local currency, choose the local currency.
The rates are usually unfavourable compared to those made by your home bank during the transaction. Whereas in most countries, banks are a good place to exchange currency, in the Netherlands, you can only exchange currency if you have an account with the bank. Since this is unlikely for most travellers, the next best option is to use an exchange bureaus called grenswisselkantor GWK.
In Amsterdam and Rotterdam, there are also independent exchange offices. But in all occasions, expect poor exchange rates. Pott Change in Amsterdam is the one exception. Easily the worst places to exchange your money would be at Dutch airports, hotels, and businesses such as bars and coffee shops.
These places are infamous for their high fees. Instead, get the most value by jumping online. Online currency exchange retailers like S Money can offer the real mid-market exchange rates you see on Google or XE.
These days, everybody travels with a bank card of some sort — but the types of bank cards and the different banks take often drastically different approaches to their fees and charges. In general, Visa and Mastercard are the most commonly accepted. Debit cards are commonly used across the Netherlands by locals so you should have few problems using yours.
Just beware, your home bank may impose high rates and fees if you use your card overseas. These fees might cover ATM withdrawals, overseas transactions, and currency conversions. Even Dutch supermarkets refuse credit cards. While Visa and Mastercard are the most widely accepted, you might have more trouble using an American Express or Diners Club card. Also beware the fees you could incur by using your credit card overseas. These include cash advance fees for ATM withdrawals, international transaction fees, and overseas ATM withdrawal charges.
Our recommendation is the 28 Degrees credit card option, which offers lower fees and charges than most. Prepaid travel cards work by letting you load up in the currency of your choice and lock in the exchange rate. Though you avoid some fees for spending in a foreign currency, you might end up squandering those savings on other charges, such as reload fees and inactivity fees. Travel cards also usually apply ATM withdrawal fees.
Not only this, it can often take days for your currency to actually load onto your card, leaving you potentially cash-strapped. If you still like the idea of locking in the exchange rate, both the Revolut and TransferWise debit cards come with currency loading options. Make your savings stretch even further by figuring out your budget before you go. To help you avoid this quandary, here are a few practical tips to help you get the most bang for your … euro:.
Ready to buy some euros at a great value for your trip? In the past 12 months, the Australian dollar has been sent lower against US dollar, New Zealand dollar and the British pound. The euro is the common currency for the Eurozone—most countries in Europe. It eliminates the headache that European travelers had experienced before the euro's introduction when it was necessary to convert from one currency to the next each time a national border was crossed. The euro is subdivided like the dollar into cents.
Euros come in both coins and banknotes. The coins are issued in denominations of 2 euros, 1 euro, 50 cents, 20 cents, 10 cents, 5 cents, 2 cents, and 1 cent. The banknotes are issues in denominations of euros, euros, euros, 50 euros, 20 euros, 10 euros, and 5 euros. The value of the euro versus the American dollar fluctuates continuously.
It is the second most traded currency on the foreign exchange after the U. For the latest rate, check a reputable online currency converter such as XE. Note XE, like other currency exchanges, charges a commission to convert your home currency into euros. Coins minted in the Netherlands from to feature the Dutch Queen Beatrix on the reverse. After , when the Queen abdicated the throne, euro coins minted in the Netherlands feature King Willem Alexander except for some special-issue coins.
To avoid the use of the two smallest coins, some cash transactions are rounded to the nearest five cents in the Netherlands and Ireland by voluntary agreement and in Finland by law. Visitors should expect this practice and not be taken aback when it happens. So, 1 cent, 2 cents, 6 cents, and 7 cents are rounded down to the nearest 5 cents. Whereas, 3 cents, 4 cents, 8 cents, and 9 cents are rounded up to the nearest 5 cents. Travelers who have collected these denominations elsewhere in Europe can feel free to use them in the Netherlands.
Also, note that many local businesses refuse to accept banknotes over euros, and some even draw the line at 50 euros; this is usually indicated at the cash register. Most Dutch residents and tourists who visited the country before will remember the guilder, which was officially retired that year. The price at which they buy currency will be much lower. For changing money the train station is the best place. Another good place to change might be an exchange office at Damrak 31, they usually have the best rates in the area.
Open 24 hours. In Amsterdam and in the rest of Netherlands we use the Euro currency. There are 8 coins; 1, 2 and 5 cent, 10, 20 and 50 cent, 1 and 2 Euro coins. Then there are the bills of 5, 10, 20 and 50 Euro, , and Euro notes.
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