Euros to dollars for European vacation

Jun 14, 2009 3 Replies
J

I am planning a trip to Europe. To facilitate access to money, a relative who lives there has offered to provide me with euros in a lump sum when I get there. If I need more euros they will provide me with more on a flow basis. When I return to the U.S. I will convert the total amount of euros I used into dollars using the then current exchange rate and I will deposit this amount of dollars into my relative's bank account here.



How would you handle this in Quicken?



Thanks!



ggeinec George snipped-for-privacy@nospamcomcast.net


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T

If you keep track of what you're spending your euros on, when you get home and make the payment you could credit (reduce) cash ($US) and debit (increase) various vacation-related expenses.

If you don't keep track of what you're spending your euros on, just keeping track of the total euros, the reduce cash and credit whatever category seems best to you. Maybe make a new category called "Trip to Europe."

Tom Young Tom Young

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J

I'll be keeping track of expenses as I go and I'm planning to follow your first suggestion.

Thanks for your response.

George snipped-for-privacy@nospamcomcast.net

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H

Just me wrote in news: snipped-for-privacy@4ax.com:

Currently the exchange rate is close to $1.40/?. But beware, many expenses in Europe cost numerically the same in ? as they cost here in $. Also be aware of pickpockets, especially in the Paris Metro. I lost ?150 just like that. Luckily there were no other useful things in that wallet at the time. Furthermore, inquire about tipping where you go. The 15-

20% one is accustomed to in NY City is very excessive over there. Often a few coins or up to 4 or 5% is plenty.
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