If you will be visiting Nice and looking for the best place to exchange your foreign currency in the southern city France, your best bet would be finding a money changer in the city center as exchange rates at the train station are really bad. Let's see how good currency exchange rates are they offering in Nice City Center.
Money Changers in Nice City Center
When we were looking for the place to exchange currency in the touristy area of Nice, we found several money changers in Nice City Center with the biggest concentration of currency exchange offices located on the Avenue Jean Medecin. However, we have visited only one of them to compare city center's exchange rates with the ones offered at Nice-Ville Train Station.
In the center of Nice we've visited BNC Change currency exchange office located at 17 Av. Jean Medecin, Nice. Contrary to the currency exchange at Nice Train Station, this money changer is charging no commission on top of the advertised rate making it a more trustworthy place to exchange your foreign currency in Nice.
Currency Exchange Rates in Nice
Let's see, how good or bad are currency exchange rates in Nice City Center?
USD exchange rate in Nice
The mid-market EUR to USD exchange rate at the time of our visit in Nice was 1.008 US Dollar for 1 Euro, so the rate offered by BNC Change (1.0638 USD/EUR) was by 0.0558 USD or 5.5% lower than the market rate.
GBP exchange rate in Nice
The mid-market EUR to GBP exchange rate on the day was 0.8677 British Pound for 1 Euro, so the rate offered in the city center (0.9259 GBP/EUR) was by 0.0582 GBP or 6.7% lower than the market rate.
AUD exchange rate in Nice
The mid-market EUR to AUD exchange rate at the time was 1.5538 Australian Dollar for 1 Euro, so the exchange rate offered in Nice (1.6949 AUD/EUR) was by 0.1411 AUD or about 9.1% lower than the market rate.
CHF exchange rate in Nice
The mid-market EUR to CHF exchange rate at the time of our visit in Nice was 0.9939 Swiss Franc for 1 Euro, so the rate offered in the city center (1.0526 CHF/EUR) was by 0.0587 CHF or about 5.9% lower than the market rate.
Is currency exchange in Nice worth it?
Well, in Nice City Center you can get much better currency exchange rates than at Nice Train Station. If you are choosing between exchange at the airport or train station and exchange in the city, you should stick to exchanging your money in the center of Nice.
If you are planning to exchange one of the leading foreign currencies such as USD, CHF or GBP, you might find these rates competitive, especially if your home bank's charges for international withdrawals are high.
Bringing other currencies to exchange here might not be the best idea as the less popular foreign currency, the worse exchange rate you can expect. In such cases withdrawing Euro from ATM might be a better option.
Tips
To get the best exchange rate on your withdrawals in different currencies, make sure to use the card from Wise.
How bad currency exchange rates at Nice-Ville Railway Station really are? Check here: Currency Exchange at Nice Train Station.