8 Ways You Can Exchange Foreign Currency

Travelling abroad can be an exciting and fulfilling experience, as long as you are well prepared. Currency exchange is one of the many things you have to put on your to-do list, so here are 8 simple ways you can exchange currency before or during your next trip.

1. Visit your bank

Most people choose to visit their bank so they can exchange currency before travelling abroad. If your financial institution is offering this service, this is where you might be able to get the best currency exchange rates. However, keep in mind that these rates fluctuate daily.

2. Order currency from your bank by phone

If you are in a hurry, you might be able to order the currency you need from your bank, by phone or online. Your will then have to pick up your currency at your local bank, or at any branch location of your choice.

3. Order currency online

If you feel like the currency exchange rates offered by your bank are not that good, you might be able to find a better deal online. Some companies that specialize in currency exchange will allow you to purchase the currency you need from their website, and they will have it delivered to your home.

4. Purchase traveler’s checks

Even though there is no guarantee that the stores you visit while travelling abroad will accept them, it’s always possible to purchase traveler’s checks. While this is not exactly a currency exchange, it allows you to pay for your expenses in a foreign country.

5. Wait until you get to the airport

If you simply don’t have time to exchange currency before you leave for your trip, you can still wait until you get to the airport. You will have no problem finding currency exchange kiosks at the airport, but you might not feel too happy about the exchange rates advertised there.

6. Use an ATM to withdraw cash

If you don’t like carrying a large amount of cash in your wallet, you might want to use an ATM to withdraw cash whenever you need it, once you reach your destination. If you use an ATM operated by your bank, you might be able to withdraw cash at no fee.

7. Use a currency exchange kiosk at your hotel

Another option is to use a currency exchange kiosk at your hotel, as you will probably be able to find one there. You might even be able to exchange currency directly at the front desk. However, if you choose this option, you will probably not get the best rates.

8. Use a kiosk at a popular tourist destination

Currency exchange kiosks found at popular tourist destinations are not your best option, as you will end up paying a lot more than you would have paid at your bank, or online. However, if you have an emergency, it’s always possible to purchase currency there.

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8 Ways You Can Exchange Foreign Currency

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