The euro is the Italian currency. There are 100 centesimi to one euro. There are seven euro notes: €500, €200, €100, €50, €20, €10 and €5. The eight euro coins are valued at: €2 and €1, and 50, 20, 10, five, two and one cents.
For the latest rates, check out www.xe.com.
There are numerous ATM (in italian bancomat) in large cities as well as in small towns. Although your own bank may charge a fee for using ATM in Italy, you can usually get a better conversion rate of currency exchange at an ATM than from a currency exchange office.
While post offices and banks exchange currency at good rates, the private exchange offices usually charge huge fee.