The Currency of Italy and How To Exchange Money in Italy

What Currency Does Italy Use? Understanding the Euro

Italy is one of the members of the EU, and in January, 2002 the country converted to the Euro. Notes are in denominations of €500, 200, 100, 50, 20, 10 and 5. Coins are in denominations of €2, 1 and 50, 20, 10, 5, 2 and 1 cents. Please use a Currency Converter to learn more about the value of the Euro against other currencies.

Where to Exchange Money in Italy: Banks, Stations, and Hotels

Travellers cheques, cheques and foreign money can be changed at banks, railway stations and airports, and very often at major hotels (generally at a less convenient rate). Typically all credit cards are accepted at ATM's throughout Italy, but if you can always check with your bank to be secure.

Best Way to Exchange Currency in Italy: Using ATMs and Credit Cards

MasterCard, Diners Club and Visa are widely accepted, but many small establishments - shops and restaurants only accept cash. It is advisable to ask merchants if they accept credit cards before trying to purchase items. Nowadays with the increased charges for those who cash travellers checks, and the varying exchange rates through the traveller always seems to lose-out on poor rates of exchange the credit card is probably safest and best value when comes to travelling. Just visit an ATM, many have an English option menu through which you draw money when you need ( 24-hours a day), and you'll end up getting a more honest rate of exchange.

Money Exchange in Italy: A Guide to Travellers Cheques

Travellers cheques are accepted almost everywhere. To avoid additional exchange rate charges, travellers are advised to take travellers cheques in Euros, Pounds Sterling or US Dollars. With recent increases in the level of commission requested from American Express and other companies who issue travellers checks, you'll probably find great difficulty cashing these checks in restaurants or in shops or boutiques.

Best Place to Exchange Travellers Cheques in Italy: American Express Offices

Many banks charge heavy commissions, so always try to cash your travellers checks at American Express offices in the respective cities you visit.

Do You Need to Carry Cash in Italy​?

Good-old cash still has a premium value in today's world. Gone are the days when traders happily accepted foreign currency for payment. The strong Euro has taken away that speculative nature of shop-owners in Italy. But, remember cash in the form of Euro still has great value! If you purchasing expensive items, ask if the store-owner would offer a discount if you paid in cash. Quite often you'll be greeted with a smile and a discounted price ranging from 5 - 20% off the price you would pay if paying by credit card.

Plan Your Italian Adventure: Contact Avventure Bellissime for a Custom Tour of Italy

Now that you understand how to handle money matters in Italy, it's time to start planning the adventure of a lifetime. At Avventure Bellissime, we specialize in creating custom Italy tours and Italy vacation packages that showcase the very best of Italy - from hidden local treasures to world-famous landmarks.

Our expert guides can help you navigate not just the practical aspects of traveling in Italy, but also ensure you experience the authentic charm and beauty of our country. Whether you're dreaming of exploring ancient Rome, cruising the canals of Venice, or wandering through Tuscan vineyards, we'll craft a personalized itinerary that matches your interests and travel style. Contact us today to start planning your perfect Italian journey, and let us handle the details while you focus on creating unforgettable memories.