I had questions on currency exchange and used TA for advice. Here are a few things I learned in Paris and know from a US perspective.
1-My IRA account has a banking division and they re-imbrues any bank charges and do not charge any so see if your bank dose the same.
2-I would use a Credit Card when you can
3-Use an ATM as they will give you the bank rate at the time. This may not be great for small withdrawals if your bank and the bank you are using charge fees so make sure it is a large withdrawal.
For me I had cash and needed to use a Money Exchange.
It seems as though banks do not do it and many even have signs outside saying so.
There are a ton of exchange places all over paris. From todays perspective the US rate was 81.6 cents to 1 Euro.
The local Western Union was giving .75 to 1 Euro. and other places were giving as low as .70 to 1 Euro until I walked away and said they would up it to .75
After some research here on TA I found the advice for
I looked them up and emailed them in English and asked if they exchanged (which they did) and where they were. They were very responsive in English and gave me their 3 address all around the Paris Opera Garnier.
I love to walk and it was not far and I went over there and they were giving .786 to 1 Euro.
I was exchanging quite a bit so that extra 3 to 4 cents per Euro really added up.
So all in all if you have to exchange a small amount it might not matter by using a Western Union or similar but if you are looking at a Thousand dollars it is a 30 to 40 Euros difference so that could make a big difference.
So just my experience.