FAQ on foreign currency exchange with UME

Why exchange foreign currency in a bureau de change?

When you withdraw cash with your credit or debit card from a bank’s cash machine in a foreign country, you do not know what currency rate the bank will apply to your transaction, and how disadvantageous that currency rate will be. Often, the foreign bank will also apply a commission. When you exchange your currency at a bureau de change in an airport or an international train station, just before leaving the country, the exchange rate is usually very onerous and heavy commissions and surcharges are also often applied on top. On the contrary, by purchasing foreign currencies in advance down town, through a reputable money exchange specialist such as UME, you can secure a competitive exchange rate, with high quality service and a broad availability of currencies and denominations. For any assistance or advice when planning your travel, please contact one of our currency exchange professionals on +33 (0)1 42 25 19 01, or by email.

What is the meaning of "net rates" or of "0% commission or surcharge"?

“Net rates” and “net prices” means that our money exchange bureau do not charge any commission, tax or surcharge on top of the quoted exchange rate. Our only remuneration is the spread between the Buy and Sell exchange rates, so our exchange rates are “net”. For any indicative exchange rate quotation, contact one of our currency exchange professionals on +33 (0)1 42 25 19 01, or by email.

What is the meaning of "promotional rate"?

UME regularly seizes market opportunities to offer its clients advantageous terms, through promotional exchange rates in specific currencies. These promotional rates are offered for a limited period of time and for determined amounts, depending on the available inventory at a UME bureau. To check what are UME’s “Promotional rates” in a specific currency, contact one of our currency exchange professionals on +33 (0)1 42 25 19 01, or by email.

What are the means of payment for a foreign currency transaction? Can I purchase foreign currencies with a credit card or by cheque?

You can buy foreign currencies from UME in cash, by credit or debit card, or by transfer. Bank cheques are not accepted as means of payment.

Why purchase foreign currencies in cash before traveling abroad?

When buying your foreign currency in advance of traveling, you optimize your travel budget and plan your travel expenses wisely. You secure an advantageous and currency exchange rate, which may otherwise fluctuate adversely after your departure. You avoid paying expensive commissions on top of your currency exchange transaction at a bureau de change at the airport or from a cash machine upon arrival. You ensure a broad availability of currency and denominations. Do not hesitate to seek advice and assistance, by contacting one of our currency exchange professionals on +33 (0)1 42 25 19 01, or by email.

What are the benefits of booking foreign currency in advance?

Booking foreign currency in advance can help secure an advantageous currency exchange rate, and availability of the foreign currency and denominations of your preference, particularly in the case of large amounts or less frequently exchanged currencies. For any advance booking, contact one of our currency exchange professionals on +33 (0)1 42 25 19 01, or by email.

What is the process for buying or selling foreign currencies?

Current regulations require any cash currency transaction for a value of more than Euros 8,000 to be identified with a valid passport or identity card. In the spirit of compliance and transparency, UME applies a threshold of Euros 4,000 above which an ID is requested. For any question on currency exchange regulations, please review our page on Regulation - Currency exchange, or contact one of our currency exchange professionals on +33 (0)1 42 25 19 01, or by email.

What is the maximum cash amount which is allowed when travelling across the borders of the European Union?

There is no limit in the amount of currency in cash one is allowed to travel with in Europe, but is an obligation to declare any amount of cash in excess of Euros 10,000 being held when entering or exiting the European Union. For any question on currency exchange regulations, please review our page on Regulation - Currency exchange, or contact one of our currency exchange professionals on +33 (0)1 42 25 19 01, or by email.

What would be a safe way to hold an important amount of cash currency when traveling?

When traveling with an important sum of money, the best way to carry cash is in a wallet in the internal pocket of a coat or jacket, or in a travel belt fastened to your waist. If you must carry cash inside a bag or luggage, make sure that you are doing so in a handbag or satchel that can be worn across the shoulder and/or under the arm. For any advice regarding your travel, do not hesitate to contact one of our currency exchange professionals on +33 (0)1 42 25 19 01, or by email.

What is the best way to resell unused foreign currencies?

When you come back from traveling, do not sell back your currency at the airport or in a train station, as there is a risk that you might be quoted a disadvantageous exchange rate with a large commission or surcharge. By contacting UME, downtown, you will have the opportunity to sell back your currency at an advantageous “net rate” (i.e. at an exchange rate without any commission or surcharge). Contact one of our currency exchange professionals on +33 (0)1 42 25 19 01, or by email.

UME's currency exchange activities are authorized and regulated under the authority of the Banque de France, of the ACPR and of the French Customs Office. UME is certified ISO 9001:2008 for all of its activities.

Cours interbancaires - Spot rates • USD 1 € = 1,2293 USD • GBP 1 € = 0,8800 GBP • Pour seule information - For information only • CHF 1 € = 1,1513 CHF • CAD 1 € = 1,5564 CAD • Pour un taux - For a quote : Contact +33 (0)1 45 63 99 28 • JPY 1 € = 1,3115 JPY • CNY 1 € = 7,7961 CNY • Cours interbancaires - Spot rates • USD 1 € = 1,2293 USD • GBP 1 € = 0,8800 GBP • Pour seule information - For information only • CHF 1 € = 1,1513 CHF • CAD 1 € = 1,5564 CAD • Pour un taux - For a quote : Contact +33 (0)1 45 63 99 28 • JPY 1 € = 1,3115 JPY • CNY 1 € = 7,7961 CNY • Cours interbancaires - Spot rates • USD 1 € = 1,2293 USD • GBP 1 € = 0,8800 GBP • Pour seule information - For information only • CHF 1 € = 1,1513 CHF • CAD 1 € = 1,5564 CAD • Pour un taux - For a quote : Contact +33 (0)1 45 63 99 28 • JPY 1 € = 1,3115 JPY • CNY 1 € = 7,7961 CNY •