In a few days I’ll be returning to the United States from Germany with 500 Euros in cash, thanks to the security deposit on my apartment. I had thought it would be a simple matter of walking into my bank and receiving a fair exchange rate, but I recently checked online with Bank of America, and they buy Euros at $1.29/Euro, while the true exchange rate right now is about $1.37/Euro (and will probably be $1.38 by the end of next week).
This would make for a loss of about $35 for the amount I’ll be trafficking in, which is not insignificant to me since I am flat broke right now. Do I just have to swallow this “fee”, or is there a place in America that will buy my Euros at a fair rate? I’m pissed that my own bank is giving me the same rate as the (hypothetical) shady currency exchange stand on the corner.
It would be cutting it close, but I may be able to convert them in Germany before I leave. I have an German bank account open right now, with a branch around the corner.
Any Dopers have experience with this?
(Not sure if this was a GQ, since there is probably a factual answer to this, or an IMHO, since I’m soliciting Doper experiences…)