Currency exchange?
March 30th, 2010
If I travel abroad and need to exchange currency before I go, (1) where can i exchange it? and (2) is there a fee to change my money from US dollars to Euros or Yen?
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You can get it from your bank. Many offer the service without fees to certain depositors. Exchange rates aren’t the best, but the convenience is worth it. Every financial institution uses different criteria to determine its exchange rates and fees. You can look online to find the best rates, but if it’s not your own bank, you’ll pay for the service.
Most major currencies are available at large banks in large cities. If you’re in a smaller city and your destination currency isn’t available at a bank, you should be able to get it at the airport in the international terminal.
Still, if you can, avoid changing money in airports and train stations where fees can be higher.
When abroad, whether you use a credit card, debit card, traveler’s checks or cash, you’ll be charged to convert your dollars to euros, pounds or whatever.
1) You can change money at the airport, but if you want a better deal, sometimes you can get local banks to change a set amount. Be careful, cause they may need time to order the currency.
2) Yes, there are fees. Sometimes there is a set fee as well as a percentage.
you can exchange your us dollars,at the airports of most of the europian union and japanese airports or at the airport you wil be leaving.check any major banks in your area.this transaction always has a cost, either as a fees or a lower exchange rate is offered.best bet major local bank you have account in.
Most banks can help you to exchange currency before you go abroad. You may need to hit larger bank locations than small local ones depending on where you would like to go. Banks can also set you up with travellers’ checks which are a little safer than carrying cash, and most hotels, even abroad, will cash American travellers’ checks in their currency. I don’t think that there is often a fee for exchanging currency, but there may be a small fee for travellers’ checks depending on the bank.
Banks… airport am sure has currency converters … but like all things … its costs each time …u dont need to change currency b4 u go but having some foriegn currency is useful never know when it comes right in handy
first one would be what your numerical skills are like … depends on they type of travel u intend to do…. an international card … ie a credit card name that is recognized in the country u r travelling to… when i used my card in the uk on my bank statement showed me the currency change over ….ppl live of playing the stock market with currency .. am pretty sure paper has a daily up date in the paper on curent exchange rates … u wanna be swapping currency .. when the aussie dollar is high and the other low…. hmmm being … female … am gonna have to say i think