[Easy Currency Converter Pro 3.5.4 Apk Android Free Download
Oludare Padilla
Euros are the currency of most of Europe. Goods are priced in Euros, and they cost what they cost. In planning a purchase, I estimate that a Euro is a bit more than a dollar and then I pay the amount. I have never not gotten a gelato because it cost 2.5 Euros which in today's bank rate comes out to $2.77.5 American. The currency rate, in any event, is only remotely related to the actual cost of the gelato because there is no way that I am paying the official exchange rate ever.
For large expenditures, the difference is actually greater because a 200 Euro hotel room definitely costs more than $222, and I won't know the actual rate until I see the receipt from my credit card when I settle my bank account.
With that said, I use the free app XE to give me a WAG about the exchange rate for planning purposes. Call it entertainment. When on vacation spending money, however, it matters little to me to know more than an approximate exchange rate, because I draw money from my debit card and/or credit card accounts in Euro amounts, not dollar amounts. To sleep better, I pretend that Euros are equal to dollars, so a meal costing 75 Euros just set me back around 75 dollars. I suppose I could round things up 15%, but that seems like too much work for a vacation expenditure.
I make conversions in my head (only one goof so far--on a jetlagged arrival day). The trick I used to use when every country had its own currency was to figure out what my top-price was for the basics (a meal, a hotel room, etc.) and do the conversion from dollars to the local currency once. Afterward, I only had to look at restaurant menus and see whether the prices were within range of the maximum I had already determined in the local currency; I didn't have to keep converting prices at every meal.
I don't use an app, but I do like the little wallet-size conversion chart that Coinmill.com provides-- I really only need to consult it when in a country like Hungary, Poland etc with vastly different currency values.
And to answer the question, why use a converter--I like to visit flea markets and bring home various items from my travels, and sometimes you need to know if that blouse or vintage figurine is $10 or $100.
To others, Of course one can do it in the head. Do you read my post? Guess what folks ... I travel to more than countries on the Euro.
Hungary, Scotland, England, Norway, Switzerland, and so on. And that's just Europe. And don't get me started on Mexican Peso and such. So the "most countries use Euro" is a bit pointless.
There are times when accuracy matters. On the fly, I can use simple shortcuts. An app to convert can help assure I am on budget. And large ticket items could be train fares, dinner for 4, etc.... Not like its needed for a wurst.
I have the XE app on my phone and use that if I want to get an idea of the current rate. The rate shown on XE is just an approximation as the rate charged for ATM cash withdrawals is the more important number. If I want an idea of the cost of something in foreign currency, I usually just do a quick mental calculation.
The euro, and even the pound right now, I just look at it as 1:1, yes there is a difference in 10 to 20%, but for most purchases under $100 it really does not matter. Go to dinner look at the menu as in Dollars, and relax, keep in mind your not going to feel like you have to tip 20-25% and pay a Tax of 5-15% on top of the prices you see. Same with shopping...no sales tax, so the difference between the euro and the Dollar evaporates.
While I get that many people have to be exact, your on vacation, so relax, from what I see, people on here have no qualms about spending big$ for Premium class air tickets, $200-300 a night hotels, private guides, and any number of things I would rarely consider, being off a few Dollars on a purchase hardly matters. Plus, as I mentioned, your not tipping and paying taxes on top of the price advertised, so you have a built in fudge factor.
Math shortcuts have their place. An old business adage is appropriate. Watch the pennies and you will find the dollars. But in the Macro, $1 per transaction, 5 times per day for a 7 day trip is $35. That's dinner.
But where are you saving? If you see a price in CZK, knowing the equivalent in Dollars approximately, vs exactly, does not save you any money, the price does not change in the way you convert, the price is the price.
In this example though, if I find a Hotel for 100 euro, that is similar in quality to a hotel for 150 euro, I have actually saved 50 euro. If I erroneously estimate the conversion, it makes no difference, I still saved 50 euro.
No, I would never be embarrassed, a tip is a gratuity, not an obligation, especially in Europe. When I do tip, I use the same thought process, keep it simple, round up or down, no need to pull out the calculator and find out exactly what 17.5% or what ever percentage is required.
"But where are you saving? If you see a price in CZK, knowing the equivalent in Dollars approximately, vs exactly, does not save you any money, the price does not change in the way you convert, the price is the price."
Paul, you save in the lost opportunity cost of money. Should I spend $12 or $14? Is their value to me? Am I less likely to buy something at the higher cost? Is there a better use of that $2? And if I"m doing "Europe on $10 a Day" it becomes way more important.
(do you know of the book?)
I should also add, at a conversation rate of 1.25 the math is simple. At conversation rate of 1.375 accuracy becomes more cumbersome.
So far as tips ... I wasn't just talking about Europe. And having worked for tips in the past, while I never expected a significant tip, when it was out of the ordinary I was left to wonder why. That included when the tip was over as well as under.
Regardless, it can happen with taxis or other such cash intensive business. (Yes, I know that cashless society exists in Europe.)
For better or worse, round liberally. For example, right now a euro costs $1.12. When there, just treat the price shown in euros to be the equivalent of a Dollar. Is it accurate? No, but in the end, given that some things are cheaper by value, and others more, it evens out. Pounds to Dollars, not quite as easy, $1.25 right now, but you could easily ignore the difference and scale back what seems "right" for what you are looking at. Those two cover most of Europe.
If you get to Eastern Europe, it gets a bit more complicated, but the strategy still holds. Pick an amount of local currency that relates to a Dollar, or even easier ten Dollars if that is applicable. For example, in Hungary, Forints are a ridiculous conversion at 287 Forints(or so) to the Dollar. Just round that up to 300 Forints to the Dollar, or 3000 Forints for $10. Accurate? no, Easy? Yes.
I use the "Currency" app (not sure if you're Android or iPhone but on the iPhone app store just search "currency converter" and the app is actually just called "Currency" and has multiple currency symbols in white text on a green background.
What I like about it - no in-app purchases or upsells, and it works just fine offline so no data use required (but when you are connected to wifi or have data it can refresh exchange rates). Let's you have like 10 currencies displayed at any given time in case you're traveling to a bunch of places. You can easily see $1: exchange rates (just enter the 1.00 as the USD amount and it'll show you how that converts to whichever other currencies you have displayed), or click on any individual currency, input a value, and see the equivalent in USD (or vice versa).
XE's app is the one I use. In my experience, XE (a Canadian company) and its website are widely used for business purposes in Europe when currency conversion is needed. Of course, one could also simply do an Internet search.
I'm another one that uses the XE app. However, it updates frequently so requires an internet connection. I'm not sure if there's an offline version? If you plan to use that, be sure you have a data plan on your phone.
It shows current and historical conversion rates (either direction) between your selected currencies. It allows me to choose my "preferred currencies" (which I vary with each trip) that will show in the drop-downs.
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