I have either Kuwaiti Dinar (1 KD = 2,83€) or Omani Rial (1 OMR = 2,25€) in which both are of high value. However will money changers in Europe accept that for Euros. For example: the highest bill from Oman is 50 Rials (112€) & from Kuwait is 20 KD (56€).
Of course, currencies from the Gulf are petro states (like Kuwait) have higher exchange rates. Should I bring those currencies into Europe or convert it (for USD) prior to travel? Also, will I be able to bring 6000 KD (16,960€) in cash?
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There’s not a lot of places accepting those currencies. Either take a European currency or US$.
But better to not take cash at all, especially that much. You have to declare it etc. Just pay by card and use ATMs if you really need cash.
Why do you want to bring 17k € in cash? That raises all sorts of eyebrows.
Is it not feasible to pay with credit card/debit card? I remember the last time i was outside Europe i could just withdraw local currency as needed at ATMs. It would just subtract the converted amount in € off my account.
Anyway, i am pretty sure you need to declare that much cash when entering.
tldr: Exchange first, bring less cash.
You can bring that much and generally have to declare bringing in any amount of cash over 10,000 euros into the EU.
I’ve been traveling 15 years and find that currency exchange heavily depends on your currency and local facility of exchange, so:
i have no doubt you’ll be able to find a money changer that can exchange rial and dinar, but since they’re not as popular as other dominant currencies at the moment, it is worth checking prices in your area before you go.
If you can find a place that exchanges under 5% nominal exchange rate, there’s a good likelihood that’s a better exchange rate than you’ll find upon arrival in the EU.
There is no clear advantage to selecting a currency. The value is the value, and with War in the hood, values can swing wildly over short periods. Pick one, live with it.
The important question is where can you get the lowest transaction fees for the exchange. This can vary wildly and you can directly control how much you pay. The money changers, like you’ll find in an airport are like the convenience store version with eye watering rates. Whatever domestic bank you use for daily banking will often offer major currency exchange for an almost reasonable fee as a courtesy for their good customers. Going to a bank you aren’t a customer at, they will often charge a higher fee.
