RachelParticipantTopics: 8 Replies: 63
Can anyone offer some advice on exchanging money? What are some of the possible ways to do this? What are some of the better methods and what should I be careful of? My main concern is just to not lose a lot of unnecessary money when exchanging between two different currencies.
TeresaParticipantTopics: 6 Replies: 72
A lot of people choose to do this at their bank. This is one of the better places to do this.
KatyParticipantTopics: 7 Replies: 52
MelanieMemberTopics: 0 Replies: 1
There are several methods of currency exchange. Some are better and some will cause you to lose out. It all depends on a person’s situation, so it’s good to familiarize yourself with these methods and stay prepared. If you plan beforehand, that would save you a lot of money. People who don’t plan or who are desperate will usually lose out.
JillParticipantTopics: 10 Replies: 45
Your bank is a good place. You can even do this by phone or online. Only thing is, you will have to go pick it up. However, there are normally many branches, so you can go to one that is closest to you.
JacksonMemberTopics: 1 Replies: 42
I don’t wish to start an argument with anyone, but sometimes your bank may not give you the best rates… At least that wouldn’t be the first place I’d go for currency exchange.
My suggestion would be to look online. If you have time and are not in a hurry, you should search online. Sometimes, you can find much better rates than you would get from your bank.
OliverParticipantTopics: 2 Replies: 39
I know you can exchange currency at the airport. However, I do not recommend it. It’s just another way to do this, but you won’t get great rates. You’ll probably lose money this way. If you’re desperate and have no time or options, then the airport is a place you can do this. However, as best as possible, try not to do it there.
RudyMemberTopics: 5 Replies: 44
Another way is to get cash from an ATM. The ATM must have the special PLUS logo. You may be able to withdraw cash once you reach your destination country. If the ATM is being operated by your bank, there may not even be a fee involved.
BrettParticipantTopics: 4 Replies: 68
If you stay at a hotel, you can exchange currency there too. Of course, like the airport, you won’t get good rates there compared to other places.
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