Author Archives: Xchange Of America

Countries with a Low Currency Exchange Rate Compared to the USD

There are a number of countries with a low currency exchange rate relative to the US Dollar, meaning that many of these countries are a good option to travel to when you are trying to save the most money possible. The US dollar remains one of the strongest currencies in the world as a result of the relative strength of the US economy and a number of other factors, making it inexpensive to travel to several countries. With the proper trip planning you can end up saving thousands of dollars on a vacation to these countries compared to countries with a stronger local currency.

Dominican Republic

The Dominican Republic has one of the lowest currency exchange rates compared to the U.S. dollar, making it a more affordable country to travel to. There are plenty of things to do and places to visit in the Dominican Republic including some of the most beautiful beaches and oceanside resorts in the world. You can plan a vacation there and save a lot of money by making your currency purchase online. The Dominican peso is sold by Xchange of America and you can purchase it at a very reasonable rate compared to many other currencies. We can provide you with information about purchasing the Dominican peso from our website and help you plan your trip out so that you can save the most money possible.

Peru

The dollar remains strong compared to the Peruvian Sol, and you can purchase the Sol online from Xchange of America if you plan on traveling to Peru. The country is known for its delicious local cuisine and it is one of the top travel destinations in South America with its ancient Incan historic sites including the incredible Maccu Picchu, the Inca Trail, the city of Cusco, and many other archaeological sites that you can visit as a tourist. It is also home to a part of the Amazon forest. You can take many different types of tours in Peru and experience its great local food and more, and you can continue to benefit from a strong currency exchange rate if you buy their currency in the near future.

Mexico

Mexico offers one of the most favorable exchanges for the U.S. dollar, making Mexico one of the best travel destinations for Americans. The proximity of the country is also a major factor that makes it a very convenient travel destination, and you can purchase hundreds of pesos for a relatively low amount of US dollars at the moment. You can get more information about the current exchange rate which can often fluctuate a little bit on a daily basis, but it has been steady for some time with the peso being lower than the dollar for many years. This lower exchange rate has resulted in some jobs being outsourced to Mexico in recent years due to some lower labor costs, tourism there remains high as well.

For any of the countries mentioned above it is essential to travel to particular regions that are considered to be safe, and to follow the advice of a tourism expert as you plan your trip.

Is it Safe to Buy Currency Online?

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If you’re looking to buy currency online in the near future, you may be hesitant to use the internet for your purchase, especially if it’s is your first time considering using a website for your purchase. However you should know that it’s as safe as any other purchase from a secure website, with your personal information being protected throughout the entire process. Buying currency online is a great way to purchase it without having to step inside of a store, and with just a few basic details you can have your currency purchase shipped to you easily. With so many benefits when you buy currency online compared to other options and its excellent safety, you can trust that your currency purchase will go smoothly.

Safe, secure and easy

It takes just a few seconds to make a currency purchase from the comfort of your home when you purchase it online, and your personal information is protected using the latest SSL technology with Xchange of America. All of the information you provide including your personal, billing and credit card or other payment option information will be encrypted during your transaction so that it will always be protected. You’ll be able to make a purchase for as much currency as you need using our secure service, and you’ll find that the safety and security of our website is on par with the most secure websites in the world.

We focus on protecting your personal information

Throughout the entire transaction you can trust that we will protect your personal information to the highest degree. Your credit card information is not stored on our website, and your personal details are never shared with any third parties which is consistent with our privacy policy. You can read more about our privacy policy on our website, and it simply states that it will never be sold to any other party. The SSL software that we use to protect your personal information only shows the last four digits of your credit card number whenever you place an order, and that information is even protected during the transaction. Our security and technology is at the cutting edge for online currency exchange, however it is also essential that you protect your personal computer.

Always take steps to protect your computer or mobile device

Hackers may attempt to access your personal computer or device, and thus it is also important for you to be careful that you have the appropriate anti-spyware and virus scanning software set up on your computer, and to avoid using any suspicious service. Any currency exchange companies that you can’t get licensing information about before your purchase may not be worth doing business with, as they may not have the technology to protect your information or the proper business license for operating online or locally. Xchange of America is one of the largest providers of currency exchange in the world with multiple locations throughout the United States, and we guarantee that your personal information will always be respected and protected to the highest degree at any time.

Top 5 Things You Can Do With Foreign Currency

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Using foreign currency is one of the best ways to guarantee that you can purchase anything you want during a trip overseas or anywhere else. Foreign currency is easier to use than credit or debit in a number of different circumstances. Depending on which country you visit, there may be very few areas where you can use a credit or debit card. Having cash with you is a sure way that you’ll be able to enjoy everything that your destination has to offer and get around on the island easily and quickly. Below are some of the top ways to use foreign currency once you travel.

Purchase food from street vendors

Many street vendors only take cash for payments for food, as they regularly do a large volume of business and often are not connected to any type of payment processor or credit or debit card machine. There is always the rare exception, but the majority of the time you should have cash with you if you want to purchase any food from street vendors.

Buy taxi and other transportation services

Taxis and other transportation services often require cash only payments, just as most of them do in the United States. You won’t be able to use credit or debit cards for many of these transportation services, and it can be very inconvenient when you need to get somewhere in the country you are traveling to. It’s crucial that you have cash with you so that you don’t get stuck without having adequate transportation.

Purchase souvenirs from vendors everywhere

You can buy souvenirs in cash from many different vendors when you have foreign currency with you. Otherwise it may be difficult to purchase items such as art, handcrafted items, jewelry and other types of small souvenirs that you can bring back home with you.

Buy local clothing

Purchasing clothing made in the country you are visiting is one of the most popular purchases that travelers often make. You can purchase any clothing that you find sold by a street vendor or other vendors who may accept only cash as a payment. With a sufficient amount of cash you can ensure that you are able to buy any types of apparel that interest you, and it can often be easy to pack a few extra items of clothing to take back home.

Take local tours

Many local tour providers in foreign countries will accept payments in cash. These are typically walking tours or tours can also be on bicycles or small vehicles. These tour operators are usually small individual operators and so they are often unable to take credit or debit card payments. You can miss out on some great opportunities to see parts of a country that you haven’t seen before. Local tours can be exciting and fun depending on where you go and what you do during the tour, and you can see unique areas of a country that you may otherwise have not been able to see. So be sure to carry currency with you whenever you travel overseas.

Political Events Can Affect the Currency Exchange Rate

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Political events are one of the biggest factors that affects currency exchange rates, and they can have a major impact on the particular value of a currency in a matter of minutes depending on what type of event occurs. As we saw with the recent Brexit vote in 2016, the value of the British pound dropped quite dramatically in a period of days, and then it quickly recovered. This type of currency shift is not the norm, but it’s always possible whenever a majorly impactful event occurs. No one can really predict when these fluctuations will happen, however when they do happen you may be able to save money on currency exchange.

Elections can affect currency exchange rates

One of the most common major political changes that can affect the exchange rate for a particular currency is an election. If the candidate is perceived by local business interests as possibly being good for business in the country, the currency exchange rate may jump up. This type of candidate is considered a “pro economy” candidate. Similarly the value of the stock market may also increase when a pro economy candidate is elected. On the opposite end, a candidate that is perceived as potentially increasing business regulation and restriction or one who would otherwise affect the business world with certain policies may result in a currency decline or a stock market decline.

Unexpected elections and political instability affect exchange rates

Another more uncommon political event that can affect the currency exchange rate is an unexpected election. This type of election can occur as the result of a scandal that resulted in the removal of a leader, a leader resigning, a corruption investigation or other types of unplanned election situations. This political instability can cause all kinds of havoc in the business world for a particular country. The political instability may have some potential long term benefits for a country, but in the short term many business people and traders will perceive the instability as being potentially harmful for business. As a result the currency exchange rate may have a rapid drop off, which can occur in a very short period of time.

Currency exchange rates usually rebound if they decline

When currency exchange rates do decline as the result of a political issue, in many cases they rebound once the political problem stabilizes, as it does in many cases. We saw this with the Brexit vote, as the value of the British pound largely recovered after it dropped following the vote. However, in other situations it can take a longer period of time for the value of a currency to recover. In any case, travelers and others can actually benefit from a decline in a currency exchange rate. They are often able to purchase larger amounts of the currency at the same price as before, making it cheaper for them to travel to the country in which the political event occurred. It can even be good for a country’s tourism to have a decline in their exchange rate, but there are other negative consequences as well.

Should You Buy Currency Overseas?

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If you’re preparing for a trip to another country soon, the question of where you’ll buy their local currency is likely to come up at some point. You’ll find some local options such as a currency exchange company with a brick and mortar location or another company like Xchange of America with a website that can ship currency directly to you. These options can be significantly faster and more convenient than purchasing currency overseas, and the amount of time that you can save on the purchase is also a major consideration. Finding an overseas currency exchange is no guarantee no matter where you travel to, and even if you do find one you may end up paying much more.

Overseas currency exchange services may not primarily do business in dollars

For overseas currency exchange services you can often buy currency with their local currency, but they may not do business with US dollars. This can add a major complication to your currency purchase and make it difficult for you to find their local currency at an affordable price. Although they may accept dollars and exchange them to their currency, there may be a premium tacked onto it, and when you’re in a new destination you may not be able to figure out if it’s a good deal or not. You’ll be able to get a good idea about what you can expect to pay if you do business with a local currency exchange service.

You’ll know where to go locally

If you take a few minutes to plan your currency exchange you’ll know exactly where to go locally, whether you choose to do business with a brick and mortar exchange in your area or a website like Xchange of America. Many online providers of currency exchange also offer better rates than brick and mortar stores. If you wait until you travel to find a currency exchange service there’s no guarantee that you’ll be able to find one quickly. You may end up having to take travel detours or other annoying delays just to find a good option, and if you aren’t able to compare their prices you may end up paying more than you expect to pay.

You can get immediate exchange rates if you buy your currency now

If you buy currency now you can get almost immediate exchange rates for any particular currency that you’re interested in, and this can help you prepare for your travel costs and other expenses. When you’re overseas you’ll likely be busy with your other plans and won’t be able to get as easily accessible information about their currency exchange rates in many cases. You may have trouble finding an appropriate option and then meeting with them to find out how much you’re going to spend on your exchange, when you can get that information within seconds directly on our real time updated website. Just find the currency that you’re interested in buying and input the amount in your current budget and you’ll see exactly how much currency you can purchase for that price.

The Best Way to Save on Currency Exchange

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Currency exchange can be costly if you wait until the last minute to take care of your currency exchange needs. It’s essential to find a good provider that won’t overcharge you so that you can get as much currency as possible during your purchase. To save the most money on your currency exchange, you should be sure to try to use an online exchange service. Most online services will charge you a fraction of what you’ll pay elsewhere when it comes to service fees and other fees. Online exchange services like Xchange of America charge no service fees at all, which is a major advantage among many others.

Online currency exchange services are fast

Most online currency exchange services take just a few minutes for you to make a currency purchase. Purchases can be customized based on the specific amount that you need another factors. With online currency exchange being significantly faster than other methods, you won’t have to spend time waiting in line or searching for a local currency exchange service and then traveling to it. The speed is a major difference but there are other considerations to take into account as well such as the currency exchange rate, price of shipping, whether or not there are service fees and other factors. Generally you want to time your purchase so that you aren’t scrambling at the last second to find currency because you’ll almost certainly find a better rate.

Get an idea of what you are paying before you buy currency

Before you make a commitment to buy currency from anyone, it’s a good idea to get information about what you can expect to pay. On Xchange of America you can always request more information about our specific currency exchange rates. This way you can calculate exactly how much currency you’ll be able to purchase for a specific dollar amount. We can help you with the calculations if necessary and give you any information about our quote for currency exchange and your potential rates. If you have to rely on using an airport currency exchange or another last minute option, you can easily be charged extra fees and may not have any idea what you’ll pay before payment is finalized.

Avoid service fees with online currency exchange

Service fees can sometimes be very high, and some currency exchange services will charge you money for last minute exchange services or other services. The extra cost can increase your bill by 50 percent or more. The easy way to avoid this is by using an online currency exchange service like Xchange of America to buy your currency. We also have numerous storefront locations throughout the United States where you can visit our local store and get information about the rates we offer. We also will save you time and ensure that your shipment will arrive within a few business days no matter where you order your currency from. We offer great rates on shipping and expedited options that are far cheaper than airport exchange services and others.

What’s the Fastest Way to Buy Foreign Currency?

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Whenever you need to buy foreign currency, it’s a good idea to use an online provider if you’re trying to save the most time possible on your purchase. Online currency exchange services like Xchange of America are fast and convenient, and are designed to lower the amount of time that you spend on your purchase as much as possible. You’ll enjoy being able to purchase as much currency as you need within minutes, and there are multiple payment options available to you when you use a service like Xchange of America. It’s unquestionably the fastest and best way to have the currency that you need right on time no matter when you need it.

Local currency exchange services can be difficult to find

Although Xchange of America has some locations throughout the United States and is one of the leading most reasonably priced currency exchange service out there, you may not have an Xchange of America location near you. This means that you’ll have to rely on another option, and you might have trouble finding one near you. In many cases you’ll have to drive several miles to exchange your currency, and when you add in the time it will take, your gas costs, and other costs it is clear that using a reputable online currency exchange service is well worth it. You’ll avoid the need to search around for a local exchange and there’s no question that you will save time on the process.

Online currency exchange takes a few steps

You don’t need to talk to anyone or wait in a line if you know what type of currency you want to purchase and have your payment information ready. However you’ll have to do that when you buy it locally. If you wait until you’re overseas to exchange currency or at the airport you can expect some very long wait times in many cases. Online currency exchange on our website is very simple, intuitive and fast no matter how much currency you need. You can make a purchase online at 25anytime, 24/7 and your order will be processed during the next business day and shipped as quickly as possible right to your door.

Save time and ensure your currency arrives when you need it

The amount of time that you can save on currency exchange can quickly add up, especially if you need to make multiple currency purchase throughout the year for travel purposes. You’ll be able to reduce the amount of time it takes by hours just by using an online service. Your currency will also arrive at the time you expect it to. Throughout the process your personal information is protected as long as you use a trustworthy and high quality service like Xchange of America. So it is important to find the right company to do business with online. With a bit of research you can see that Xchange of America is a top tier service to consider using for currency exchange, and the speed is simply unrivaled compared to the other options out there.

Why Online Currency Exchange is Better

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Online currency exchange has many benefits compared to other types of currency exchange and it can be one of the best ways for you to buy currency depending on your current circumstance. If you have time to prepare for a future trip to another country, you’ll almost always want to buy currency online, as you’ll typically save a significant amount of time and money both, while ensuring that you can take care of your other responsibilities for your trip. Online currency exchange has many benefits as almost anyone who has used it will tell you, as you can use your computer or mobile device to purchase currency and have it shipped anywhere.

Avoid the trouble of waiting in lines

Online currency exchange allows you to avoid the trouble of waiting in lines which can add a significant amount of time to your purchase and be a major headache. If you’re caught using an airport currency exchange you can expect some very long lines in many cases, as many others may be trying to buy currency at the last second before or after a flight. If you use a local currency exchange lines can also be long depending on where you go. You can avoid all of these problems by using an online exchange service which can be significantly faster in many ways. There’s no line to deal with mainly, and you can make a purchase using a very secure order form if you use a website like Xchange of America.

Prepare for your trip in minutes

When you’re traveling to a different country you’ll probably be dealing with several different responsibilities and it can quickly become overwhelming. Buying currency online is likely not on your mind and may be put on the back burner until you realize that you don’t have cash with you right before your trip. You can avoid the headache and trouble of having to quickly find a currency exchange provider by using an online service like Xchange of America. Your currency purchase will take just a matter of minutes and you’ll have as much of a quantity as you need no matter what currency you choose to buy.

Save on your currency exchange costs

You’ll get great deals on currency exchange rates for all of the currencies that we currently sell, so you can end up saving a significant amount on your total costs. With great low exchange rates and a lack of service fees you have the potential to buy as much currency online as possible before your trip. If you have to be stuck using a currency exchange at the airport or one that is overseas it can end up costing you twice as much money or more, meaning that you’ll get a very low amount of currency. For currency exchange it’s always best to take care of it ahead of time for these and many other reasons, and whenever you are ready you can make a purchase on our secure website for as much foreign currency as you may need.

Where to Buy Currency Inexpensively

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You don’t have to pay high and outrageous service fees when you need to buy currency for any reason. Most people think of the typical brick and mortar currency exchange service when they think about buying currency, but there are now a number of quality online exchanges that offer better customer service, faster order processing, and lower rates. Although visiting a local currency exchange can be a good decision if it’s a well known and trustworthy company, there are a number of exchanges that overcharge their customers. You can avoid them altogether by using a quality online currency exchange service like Xchange of America.

Online currency exchange services cost less

The majority of well-known companies that offer online currency exchange services such as Xchange of America will charge you significantly less money. You’ll get to choose from several popular currencies when you use our website as well as a number of lesser used currencies, so that you can travel to just about anywhere and have the physical cash that you need. You’ll spend a significantly lower amount than you would at an overseas or airport currency exchange service, however you may also consider using a local Xchange of America currency exchange center if you live near one.

Local exchange services can be excellent as well

At Xchange of America we offer a number of locations throughout the United States where you can exchange your currency in person. Our rates are excellent at our physical stores, just as they are on our website, and you will avoid service fees or other extraneous fees just as you would when purchasing currency on our website. You can get information about our exchange rates online before you make your purchase in person, or you can give us a call at (888)-7-XOA-XOA if you have any specific questions about currency exchange rates.

Overseas or airport currency exchanges are very often expensive

In just about every case you will want to avoid having to rely on an overseas currency exchange or an airport currency exchange. They usually charge the absolute highest prices with a number of tacked on fees and higher than normal exchange rates. You won’t get much currency for the money that you spend on any of these services, so plan accordingly and purchase your currency ahead of time.

We have physical store locations in several estates

You’ll find that local exchange services with a good reputation and excellent service such as ours can be a great choice for your next purchase, as we also offer a wide range of different currencies at our store locations. You’ll find locations in states such as California, Nevada, Florida, Minnesota, and Texas in a number of major metropolitan areas, so be sure to check this page for a location near you if you are in any of these states: https://xchangeofamerica.com/stores/index

Of course you can always purchase the same currency that we sell in our stores directly online at https://xchangeofamerica.com Our online currency exchange service is easy to use no matter what your experience level is with online purchasing, so feel free to place your order today!

Why Airport Currency Exchanges Are The Worst Place to Buy Foreign Currency

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There are a number of opportunities to buy foreign currency inexpensively before you travel, but an airport currency exchange is almost certainly the worst option. Airport exchanges have a number of disadvantages, and they are located in airports because of the fact that travelers have no other option other than to rely on them if they neglected to exchange their currency before they left their home. These currency exchange services can be totally avoided if you purchase your currency online from Xchange of America, as you’ll spend a significantly lower amount of money on your exchange and you’ll get much more currency for the money that you spend.

Airport exchanges are overpriced

The majority of airport currency exchange services are highly overpriced. They usually charge you processing fees and sometimes won’t even let you know how much they are charging you; you’ll simply get a bill and the amount of currency that you requested. When you don’t have much time, you aren’t going to be able to distinguish whether or not you are getting a decent deal on your currency purchase, and you may go ahead and use their services even if you don’t want to. That can be avoided when you use an online currency exchange service from a trustworthy and established company like Xchange of America.

They are often crowded

When you’re traveling time is usually of the essence, and you may have important meetings to attend or destinations that you need to visit. Airport currency exchange services can be very crowded, however, especially in some of the busier airports, and you may find that you’re stuck in line waiting for a long time just to exchange a small amount of currency. That’s just another hassle to deal with along with the high prices and trouble of having to find a currency exchange when you’re traveling. When you purchase currency online you’ll never have to worry about finding an airport currency exchange and dealing with wait times. You only need to wait a few business days for your currency to arrive and you’ll have all the cash that you need for your travel plans.

Your airport may not have a currency exchange

There’s also no guarantee that the airport you’re leaving from or arriving at will have a currency exchange. Airports in some countries have fewer services, and as a result you might have to venture outside the airport and make a detour trying to find a currency exchange at your travel destination. This can be really challenging as you likely aren’t familiar with the area.

There’s no doubt that airport currency exchange services are typically the worst option when you need to exchange currency. Our online currency exchange has become one of the most popular and widely used options for currency exchange, as you won’t have to pay for service fees and you’ll avoid the headaches and trouble of having to find and use an airport exchange. Make sure your next trip goes smoothly and use our online service today at http://www.xchangeofamerica.com