Currency Exchange for Travelers

If you’re planning on traveling to another country then you should know about currency exchange. Many people don’t realize until the last minute that they will need a different currency to make purchases in another country. And if you are planning on traveling to several countries, you might have to change currencies several times. This can be a hassle since there are fees and commissions for exchanging money. This can change your original dollar into less than $.75. Here are some tips to saving money on currency exchange.

You can use your credit and debit card in most countries and places you visit. Unless you are off to some exotic place, many European cities allow you use your credit card and debit card. Most places have convenient ATM machines scattered around. Credit cards and bank debit cards usually offer the best rates compared to exchange offices.

If you have to use a currency exchange office then shop around and do some research. Many exchange offices have commission and hidden rates, find out exactly what you will get for your dollar.

Try not to use the hotel currency exchange office, usually hotels charge the highest rates. A word of caution, never exchange money off the street, there really is no need to. You could be setting yourself up for a scam or could be purchasing counterfeit money.