New Country? Currency Exchange Abroad

Currency exchange is a serious business. In order to have a great time on vacation, what do you think of? Exchanging currency abroad is always an important discussion to be had. Money is always the main topic of discussion. So let’s talk about money and how to exchange currency abroad.

New Country? Currency Exchange Abroad

Most people find those currency exchanges in the airport to be so tempting but those can cost you a substantial amount of money to exchange your currency from USD (or other currencies) to your currency of choice. They can charge you anything up to 20 percent for currency! In this how-to article, let’s discuss how to exchange currency in the best ways possible to ensure you save money and time.

ATM

The first way to exchange your cash for the currency of choice is an ATM. Now, you may be subject to an ATM fee because the ATM might not be one of your bank ATMs, but it saves you the headache and currency exchange fees! Walking right up to an ATM and getting the cash you need is a great way to get currency without paying those hefty fees! 

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LOCAL BANKS & CREDIT UNIONS

Along with being able to get currency for an ATM, go to your local bank! Banks do currency exchange! They can order the denominations for you and have the money shipped to the branch for pick-up. Now some banks DO CHARGE for this option, but they charge less than a currency exchange at the airport. This can come in handy so you can properly get your finances together BEFORE you head out on a trip. Once you get back home, you can return to your bank and get your leftover currency switched back to your currency of choice. A couple of banks worth mentioning are Bank of America, CitiBank, Chase, and Wells Fargo. 

New Country? Currency Exchange Abroad
U.S Currency – Currency Exchange

USING DEBIT/CREDIT CARDS

The final way to get a bang for your buck doesn’t necessarily involve actual currency. My final option for you would be to find out if your destination is plastic friendly! If it is, then load your money on a piece of plastic and have your way! Consider applying for one of these credit cards or debit cards before you leave so that you can use it instead of cash wherever possible. Avoid using the credit card at ATMs or you’ll be hit with fees and interest right away for taking a cash advance!

I hope you Voyagers enjoyed the tips. What are some ways you prepare financially for a trip? Oh! Don’t forget to sign up for my email newsletter for more travel content. 

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Till Next Time … Pack Light,

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