My experience with euros is that the hit is more variable, and may depend generally on how much volume of everything (including dollars) there is, which tends to follow demand levels. That is, when demand for dollars gets high, the discount to the euro is smaller than when demand is low. In September or October I was getting rates on euros that I actually considered better than going rates on the dollar (I changed euros for as much as 18.55, and dollar rate was hovering above 14). More recently, the euro rate was below 15 when the dollar was still around 13...