I am leaving for Italy on October 1^st and I was wondering if it is still a good idea to exchange money before getting there or afterwards.

The current exchange rate is $1 USD is equivalent to .693424 EUR

So something that costs 1 EUR will cost $1.44 USD, 5 EUR, is currently $7.21 USD, 20 EUR is $28.85 USD and so on.

About the EURO

EURO come in both bills and coins.

Coins include 1, 2, 5, 10, 20 and 50 cents, as well as 1 and 2 Euro. The bigger the coin, the more value it has, unlike in the U.S. where the dime is smaller than a nickel, but worth more.

Bills come in 5 (greyish color) 10 (red,) 20 (blue,) 50 (orange,) 100 (green,) 200 (yellow) and 500 Euro (violet.)

Many vendors do not have a lot of change, so we donâ??t recommend anything over 50 EURO.

Travelerâ??s checks are difficult to exchange at hotels are shops, so take them to a bank or foreign exchange office.

ATM machines in Italy are known as Bancomat and can be found easily in large cities. Check with your bank or credit card company before leaving to see what their fees are.  IN the past the ATM was the best option to get money in Europe, however many credit card companies now charge 2.5 to 4% for cash advances. If you use your debit card, make sure you know what your daily limit is.  There are ATM machines at the airport, but they are usually quite full, so it is a good idea to have some EURO on hand when you land.

As far as credit cards, please note not everyone accepts American Express, so Visa and Mastercard are better options to take with you.

In the end it is best to have a couple of options with you just in case, so take a debit card and a credit card, or travelers checks and a debit card.  

Remember that your Italy tour guide can assist you with locations to exchange your money.