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In Italy, you'll get the best
rate of exchange (cambio ) at a bank . There are a few nationwide
banking chains - the Banca Nazionale del Lavoro, Crédito Italiano
and Cassa di Risparmio, among others - as well as regional chains
like the Banca di Roma, Banco di Napoli or Banco di Sicilia. Banking
hours are normally Monday to Friday mornings from 8.30am until 1pm,
and for an hour in the afternoon (usually 3-4pm). There are local
variations on this and banks are usually open only in the morning on
the day before a public holiday. Be warned that changing travelers'
cheques in a bank can entail a long wait - up to half an hour - so
make sure you're in the right queue. Outside banking hours, the
larger hotels will change money or travelers' cheques, although if
you're staying in a reasonably large city the rate is invariably
better at the train station exchange bureau - normally open evenings
and weekends. Check the "Listings" sections of the main city
accounts in the Guide for locations and specific opening hours.
Emergency cash
If you run out of money,
or there is some kind of emergency, you can have money sent out by
contacting your bank at home and have them wire the cash to the
nearest bank , but bear in mind that this is an expensive way to
send and receive money abroad and can, in some cases take weeks not
hours; it should be considered only as a last resort. Many banks
have reciprocal arrangements with banks in Italy through which
transfers are likely to prove less expensive - check with your bank
before traveling.
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Alternatively you can use a
specialist money wiring agency . The cash should be available for
collection, usually in local currency, from the company's local
agent (who will make a small charge of roughly £1/$1.50 for tax)
within a few minutes of being sent. Western Union or Moneygram
charge on a sliding scale (in the UK, roughly £12 for sending £100,
£35 for £500, £80 for £2000), so sending larger amounts of cash is
better value. Thomas Cook have a much cheaper flat rate (£25 in the
UK) but it takes one or two days for the money to arrive.
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