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Tiếng Việt When traveling to Europe, Vietnamese Dong has no transaction value. So, what currency to use in Europe? How much money can you bring when traveling to Europe? These questions will be answered below.
What is the best currency to use in Europe?
Currently, European countries have joined the European Union (EU) except for Russia and some Eastern European countries. Therefore, the currency used for transactions in Europe is the Euro. Although many countries have their own currencies, you can use Euros for transactions. However, there are 3 Schengen countries that do not use the common currency EURO: Hungary, Czech Republic, and Poland.
You should not bring US dollars to spend in Europe. Because then you will have to exchange them for Euros before you can spend. Banks only exchange US dollars with denominations less than 100 USD. If you bring 100 USD bills, you will have to exchange them at a foreign currency exchange center. These currency exchange centers are only available in major cities. Therefore, bringing US dollars is very inconvenient.
The Euro is the common currency of Europe
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How much money can you bring to Europe?
The common currency of the European bloc is the EURO. Before you go, you can exchange Vietnamese Dong for Euros in Vietnam. You can easily exchange money in Hanoi and Ho Chi Minh City (Saigon). According to airport customs regulations, an individual can only carry a maximum of 10,000 Euros. If you bring more than this amount, you will have it confiscated and be detained for questioning due to tax law violations.
You should not exchange money at the airport counter because the exchange rate is high, and you will lose money. It is best to exchange money at specialized exchange places in Hanoi, Ho Chi Minh City, or at a bank. These places have transparent and reputable exchange rates.
You should use Visa and Mastercard to spend and shop more comfortably. However, you need to ask your bank if your card can be used in the EU. Furthermore, you need to ask if your credit card will be charged any international fees. This is because some bank cards cannot be used in Europe, and some charge very expensive transaction fees.
Do not use US dollars when traveling in Europe
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Notes on spending when traveling in Europe
You can use Visa and MasterCard to spend comfortably in Western and Northern European countries. However, in Germany, the Netherlands, and countries in Eastern and Southern Europe, you will still need cash. This is because many shops and stores in these countries do not accept credit card payments. If you are only spending at hotels or shopping malls, bringing just a credit card is sufficient.
You should bring 50 Euro for convenient transactions. Because denominations larger than that will not be accepted in stores. If you use 100 Euro bills, you will have to exchange them yourself and incur additional exchange fees.
It is recommended to bring small denomination bills for easy spending in Europe.
You should also exchange money in denominations of 2 Euro, 5 Euro, 10 Euro to spend on small purchases. For example, for coffee, buying from vending machines, fast food, taking the subway, tipping service staff... If you don't have small change, you will be very awkward in these situations.
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There are many services that require payment, such as toilet fees, TV fees... Even if you open the mini bar and don't take any drinks, you will still be charged. It's best to ask carefully before using any services in Europe.
You should ask for a VAT refund form at the stores. Because tourists can get a tax refund when they leave the airport. You can get back 19-25% of the value of all items when shopping in European countries. You can use this money to shop at duty-free stores at the airport.
Ask for a VAT refund form when shopping in Europe
After reading this article, you now know what currency to use and how much money is reasonable to bring for your trip to Europe, don't you? We wish you reasonable spending and wonderful experiences on your European trip.
