Everyone is going to do what everyone wants. We happen to agree with xeres about having some money in our pockets for things which you can't always use a credit card for, such as snacks, and purchases where credit cards may not be accepted. We generally purchase Euros when the price drops significantly. We consider it a bit high right now( it closed at $1.3006 yesterday, as per the WSJ ). It was lower this summer and predicted to go even lower by year's end, although it appears that didn't work out. However, the cost of the Euro( as likely with most currencies ) is relatively volatile, and have no fear, with the next crisis, it will drop. It will also rise with the next bailout of one or more of the spendthrift members. If you can afford to purchase and hold for your travel, then do so. Euros are accepted in virtually every country, however, we recommend that you use them only in EU countries, because otherwise, you have adouble currency exchange rate to consider. If you're going to travel to EU countries more than once, as some of our travelers are likely to do, keeping them around will do you well. After all, when you buy low and spend high, you're following the same general philosophy Warren Buffett's used in his investing in companies, you don't need to be a genius to know where that got him. And while you're not going to get rich if you purchase even 1000 Euros, at a savings of 5 cents, when you spend it, you'll still be better off.