Our pick for currency exchange: Travelex Money Card
Up to 7
- No currency conversion fees
- No foreign transaction fees
- No international ATM fees
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Your trip is booked, your bags are packed and you’re ready to go. Before you hop on the plane, convert your USD into the local currency. If you wait to arrive at a foreign airport to exchange your currency, you’ll be disappointed by the exchange rate.
Generally you’ll get the best rate exchanging your money at your bank or credit union. But ultimately the best place to exchange your money depends on your specific situation, your destination and what you’re willing to pay for convenience. One of the most important things to pay attention to when exchanging currency is the mid-market rate. This is the rate you see when you look up a currency pair on Google, XE.com or a similar website. When you’re comparing transfers, use the mid-market rate as a base.
Your local bank or credit union is convenient, and almost always offers the best exchange rate.
Expect high fees when exchanging at both your departure and arrival airports.
You’ve planned ahead, you’ve been watching the exchange rates and you are confident now is the time to buy. If your trip is a few weeks away, and the rates offered by your bank aren’t ideal, a services like Travelex can deliver currency right to your door.
Relying on a service like WorldRemit is the most flexible of all of the above options.
When traveling overseas you have a few options when it comes to spending money:
Wherever you are in the world, take a few safety precautions when carrying cash. Pickpockets and muggers can strike anywhere you travel, so keep the following tips in mind when you set off on your adventure.
Planning your perfect trip takes more than just picking a destination and booking plane tickets. Paying close attention to the exchange rate between your destination country and the USD will help you save money on your trip before you even depart. Read our guide to learn more about how to manage your money while traveling.
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