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Euro or Dollars

Travel Forums Central/South America & The Caribbean Euro or Dollars

1. Posted by wayno78 (Budding Member 2 posts) 7y

Am travelling to South America (Brazil, Bolivia, Peru) shortly and want to know whether it is best to have Euro or USDollars for when I arrive/cross borders

Any advice?

Am coming from Ireland so euro is easier!


2. Posted by bentivogli (Travel Guru 2398 posts) 7y

Neither. Local currencies are the way to go, unless you're in for a major rip off. They're easily available, ATMs abound.

3. Posted by Vivabahia (Budding Member 2 posts) 7y


if you take either one to brazil - you can exchange the monies

US is under double the amount

and Euro is almost triple in their currency

4. Posted by lil_lil (Travel Guru 462 posts) 7y

Neither. Check with your local bank if you can order the relevant local currencies. It is always good idea to have some local currencies prior to arrival. Otherwise, you can bring some Euro with you and change them at the Bureau de Change upon arrival. Alternatively, withdraw the money from the ATM.

Note that currency exchange commissions may be applicable (if you're student, certain banks don't charge for the commission), and foreign ATM withdrawals will most likely to incur charges. Also check with your bank that your card can be used while you're away, and what kind of maximum amount for withdrawals you can do.

5. Posted by bentivogli (Travel Guru 2398 posts) 7y

Quoting lil_lil

foreign ATM withdrawals will most likely to incur charges.

True, but those charges tend to cost you less than the currency exchange rates, which are generally unfavourable especially on airports and other major places of arrival. And, even the tiniest international airports in SA have ATMs; I've been to a few, and have never been disappointed.

6. Posted by lil_lil (Travel Guru 462 posts) 7y

Indeed, that could well be the case. My remark was just as a reminder to the OP, so that he is aware of such charges and hopefully won't be using ATM to withdraw money regularly in small amounts when abroad. Afterall the charges will add up. Sometimes, you may not even have a choice, if your bank and the bank whose ATM you're using don't have major co-operative ties and therefore majorly limit the amount of money that can be withdrawn at any one time.