16/07/2022
It's a terrible to feel that you've been ripped off when you're trying to have a relaxing summer . Have any of you out there ever felt that you've been fleeced when changing money while on vacation in ?
Don't get me started! An incisive YouTube post by Wolters World has rung all sorts of bells (and drudged up memories infused with resentment) in my head.
When my friends and I first came to Hungary in 1990, changing dollars into Hungarian forints sounded like a wonderful prospect, because one "yankee dollar" was worth around 62 Hungarian forints, and all sorts of things - restaurant meals, beers in a pub, etc. didn't cost much more than a dollar.
If I remember correctly, a beer in one of my favorite bars, Tilos Az A, cost about half a dollar, and you could have a full-blown homemade sausage lunch in a butcher shop for about the same (leave your low cholesterol dietary restrictions at home!). A full-blown meal in a restaurant, including drinks, rarely cost more than $2-3 dollars, if memory serves.
However, changing money had its challenges. Official money changing offices in Budapest enjoyed capitalizing on foreigners' confusion over how much things cost, meaning that there was often a huge differential between what the official exchange rate was and how much one would actually receive after having submitted their dollars.
That meant the exchange office might post the rate as HUF 66/USD 1, but you might only receive HUF 55 because one of the posted rates was how much they bought forints for a dollar, while the other was how many forints you'd receive for submitting a dollar. It could be confusing and such offices thrived from what I think was intentionally confusing the situation.
To this day, unsuspecting travelers to Budapest Airport get totally ripped off by believing it's prudent to change money while they're collecting their luggage - for those in the know, it's like they've been robbed right off the bat!
Imagine my surprise when, years later, traveling to Prague with the woman who would eventually be my wife, we almost got totally ripped off by a money changing office in the capital of Czechia, which I've never felt was as predatory in its approach to tourists as Hungary is.
The exchange office, which was right in Praha's center near a gorgeous Art Nouveau municipal house (Obecní dům), wanted to charge us EUR 40 for changing EUR 200 into Czech koruna. The trick was, one had to change EUR 1,000 to receive the "normal rate" that was posted on the board; in fact, there was a very tiny asterisk which led to a footnote explaining this contingency.
My guard was down because I love the town, but then I did a rough calculation and figured out how I'd been had. I was so infuriated, that I refused to leave the cashier's counter, asking him if he felt good about having defrauded me.
My Italian temper got the best of me! I yelled and really tried to make this poor employee feel like the sh****ad he was for doing this to oblivious tourists like myself. "Do you like ripping people off, you as***le?" I implored.
I made all sorts of threats that I'd call the US Embassy, the police, whomever I could think of. I made some calls and was told that it was totally legitimate and legal what had happened to me(!). Nothing seemed to be working.
But then, I started telling every tourist that came into the little change office about what had happened, that it had cost me 40 euro to change 200 euro - and most of them believed me and walked out.
It was at that point that the money changer said he'd give me the rate posted on the board if I'd just get the hell out of there.
You can also get fleeced by the choices you make at ATM machines in Europe, so be sure to watch this video for a quick and crucial tip!
It is not just Americans, it is anyone that does not have the local currency as their home currency. NEVER TAKE THE CONVERSION. If you are using an ATM in Eu...