Money: Stretch That Dollar

Crossing the pond this summer? at about $1.20 for every euro, that 190 hotel room in Paris is going to cost you at least $228. Here's how to get the best exchange rate:

-Use only banks or American Express offices for changing your money, and avoid booths at airports, hotels and tourist attractions.

-Pay for purchases with a credit card, but not just any card, since extra fees are common. Capital One, MBNA and many credit unions won't pile up the fees.

-Get a guarantee. If you can, lock in prices on dollar-denominated reservations, even if you have to pay upfront. Of course, if you do commit to those reservations, you run the risk that the dollar will reverse its slide. But you'll buy yourself peace of mind. And besides, c'est la vie!

Money: Stretch That Dollar | News