I'm going to Italy for the first time, should I exchange my Dollars in the US, or buy Euros in Italy. which will be better, Does any one knows the buying rate of the Euro in Italy right now??
in the us right now is 1 Euro = 1.58 of Dollar
I generally take a few hundred dollars in Euros (perhaps $200) before I go, but you will actually get the best exchange rate at the ATM machines in Italy. And if you have a connection within Europe, you can get them at an airport ATM before you ever even get to Italy. The exchange rates are usually better.
FYI: I often have trouble with ATMs in Italy, however. So, if one doesn't work, find another and try there.
As for finding the current exchange rates, try this link: http://www.xe.com/ucc/
Have a great trip!
Like anickerson suggested, I would say it's wise to take about 200 Euros with you so you have cash on hand when you arrive. For four weeks I traveled through Rome, Florence, Venice, Pisa, and Lucca and didn't have any problems at ATMs - with one exception.
Although my bank in the U.S. raised my daily withdrawal allowance to $1,000 USD, the ATMs in Italy would only allow me to take out 250 Euros a day. That wasn't a problem until I had to pay 1200 Euros in cash for my apartment the day I arrived in Florence. I got lucky and had a very understanding landlord who let me pay over a series of days. So if at any point you are going to need a large amount of cash, keep that in mind and plan ahead. (I had no problems using my debit card wherever credit cards were accepted.)
Have a wonderful trip - you'll love Italy!
Definately don't take any euros from the US because basically it is not necessary at all. You will find an ATM after (or before sometimes) customs, and the rate is about 1.46 right now. Basically, you almost save 10% if you don't bring that $200 or so. Just a small amount, but why should you pay it.
Thank you, thank yo, thank you everybody, you'll have been very helpful....