Author Archives: Xchange Of America

Why You Should Purchase Currency For a Multi-Country Trip Ahead Of Time

If you plan on traveling to multiple countries in the near future, it’s a good idea to purchase currency for all the countries before you visit them. You’ll likely find that you will be in numerous situations where you’ll need to pay for items in cash, especially for those who are backpacking. With proper trip planning you can always guarantee that you’ll have enough cash for whatever country you are in, and you don’t need to worry about extra currency because you can always exchange it back to your main currency, or of it’s just a smaller amount you can keep it as a souvenir of your experience.

You’ll find plenty of situations where you need to have cash

The chances are that you’ll run into one or more situations where you’ll need to pay for food, clothing, transportation, hotels or hostels, souvenirs, tips, or something else in cash. Credit cards are often accepted at many hotels or popular restaurants, but there are other areas and situations where you may have to pay in cash, and U.S. dollars are not accepted in every country. Having currency with you will ensure that you can always make these small payments in cash so that you don’t have to skip out on trying a new intriguing food or purchasing a souvenir that you really want.

You can plan out the quantity that you’ll need quite easily

You can easily plan out the amount of currency that you’ll need depending on how long you plan on staying and which particular countries you’re visiting. The travel and currency exchange experts at Xchange of America can give you specific information on what you can expect depending on each country that you’re visiting. Some countries will offer you more opportunities to use your credit and debit card, while in others you will want to bring more cash. It also depends on which region you plan on staying and the things that you plan on doing, and we can help you plan adequately so that you’ll have just the right amount of currency for your vacation or business trip.

You’ll be able to visit unique and exciting lesser known areas

When you have local currency with you, you’ll be able to visit some of the lesser known and more exciting areas of a country which are often more rural or off the beaten path. This is a great way to get a more unique experience during your vacation. Some of these areas are rural and have lower populations, so having currency with you is an almost absolute must. However, you’ll often find that these areas are also usually more affordable in terms of cost of living compared to the touristy areas of a particular country. So at the end of the day you’ll probably save a little money by exploring some of these areas, and with a bit of research and planning you can have a trip of a lifetime. Call us today at (888)-7-XOA-XOA if you have any questions at all.

Why You Should Try to Buy Currency Online If You Haven’t In the Past

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If you haven’t done it already, you should try to buy currency online for your next currency purchase, as there are plenty of benefits and advantages to using an online currency exchange service. Regular currency exchanges are often expensive and time consuming to use, as you’ll usually have to wait in line and spend time driving around looking for one. When you buy currency online you can avoid these hassles and purchase the quantity of currency that you need in a very short period of time, while having it shipped securely and quickly directly to your home. You’ll also usually spend significantly less money on the process.

It’s safe and convenient

When you buy currency online you can trust that it will be a safe and convenient process when you use a service like Xchange of America. Our online currency purchasing checkout is 100% secure and your information will be protected throughout the entire process. Your credit card details are not saved in our system, and you can create an account so that you can make a quick reorder in the future. You’ll be able to purchase currency anytime of the day or night that you want, no matter where you currently are in the world. Our customer service is also available 7 days a week to answer your questions and ensure that your purchase goes as smoothly as possible.

You can purchase harder to find currencies

When you use Xchange of America you can find a number of hard to find currencies, which can be important if you are traveling to those particular countries. This is a major advantage compared to your local currency exchange service, which usually will only carry currencies for some of the most popularly and frequently traveled countries. With the ability to purchase rare currencies on our website, you won’t have to wait for your local currency service to ship in the currency that you want to buy, requiring you to make multiple trips. You can see a list of currencies that we offer as well as our currency buy and sell rates directly on our homepage for your convenience.

You’ll save money and time

You can save both money and time when using an online currency exchange service compared to an airport currency exchange. You won’t be stuck waiting in lines or searching through your airport to find a currency exchange service. You also won’t have to pay high fees to exchange your currency. With a number of currencies to choose from, fast shipping and great buy and sell rates, you can find the specific currency that you’ll need for your next trip at a low cost. It’s the most convenient and safest way to guarantee that you’ll have cash for your next business trip or vacation, and it’s important to have it because you may need to use it multiple times during your trip.

If you are interested in making your next currency purchase online, try our service at https://xchangeofamerica.com/home or give us a call at (888)-7-XOA-XOA.

How Much Does the Currency Exchange Rate Matter When Buying Currency?

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Although you might be considered about the currency exchange rate when purchasing currency for an upcoming trip or for any other reason, the reality is that the exchange rate won’t change dramatically over a short period of time. There aren’t that many circumstances where it will make a major difference in the amount of money that you’ll spend on your currency exchange, except if you are buying a relatively large volume of currency. At Xchange of America we exchange and ship physical currency, and if you are planning on buying a large amount of it, we can provide you with information on exchange rates so that you can save money.

Be sure to buy your currency if you’re leaving for a new country soon

If you are planning on leaving for a new country soon, it’s a good idea to go ahead and buy the currency that you need before you leave. This way you won’t be caught in a situation where you have to scramble at the last minute to find a local currency exchange. Don’t worry about trying to time your purchase for a favorable exchange rate, as it is not likely to change in a short period of time, and you’ll end up losing significantly more money by having to use an airport currency exchange.

The currency exchange rate can sometimes change quickly

In some cases, the currency exchange rate can change at a more rapid pace. This was seen last year when the Brexit vote occurred; the value of the pound dropped significantly in comparison to several other Western currencies. During this type of rapid currency drop, it can actually be a great time to purchase currency for a particular country, as you can get a lot more currency for each dollar that you spend. The drop in the British pound actually resulted in an influx of tourism, as the country became a lot more affordable for many people to visit. Although the currency exchange rate of the pound has recovered since then, there were a few weeks offering a great opportunity to buy that particular currency for traveling.

We can let you know about historically high or low exchange rates

If there are any historically high or low currency exchange rates for any particular currency you are considering purchasing, we can let you know about them ahead of time before you make your purchasing decision. In many cases, however, you are much better off purchasing your currency as soon as you can, especially if it’s for the purpose of traveling. In a few cases such as a bulk currency purchase it’s smart to request more details about how you can save money by timing your purchase and perhaps waiting until the currency exchange rate is more favorable, if it is expected to occur. In any case, you’ll save a ton of money on exchange fees by using Xchange of America, as we never charge you service fees, and you’ll get some of the best exchange rates that you can find.

The Most Popular Methods to Purchase Foreign Currency

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Those who plan on traveling to a foreign country should make a number of preparations, and one of the most important is to purchase foreign currency for small purchases, tips, and other cash payments. Even if you are traveling to a well developed country, there are a number of situations where you may need to use cash for payments. There are several methods that you can use to purchase physical foreign currency, with online purchasing being one of the newest and also most convenient and low cost options available. But there are a number of benefits and disadvantages for each option that you should consider before deciding on one for your next purchase.

Online currency purchasing is very popular

Online currency purchasing has become very popular in recent years, as more people become familiar with it and security methods continue to improve. Online purchasing is straightforward and easy, and assuming that you are using a reputable and trustworthy service like Xchange of America, your currency purchase is guaranteed to be protected, secure and low in cost. You can purchase several different types of currency for countries that you may be visiting at some of the best rates that you’ll find anywhere. Faster shipping options are available as well as standard options depending on your needs and requirements.

Local currency exchanges can be a good choice in some cases

In some cases, a local currency exchange service can be a good option as a way to save money and also visit the store in person so that you can see some of the potential currencies that you plan on purchasing. Xchange of America offers a number of locations where you can stop in and visit our stores including in Minnesota, Nevada, California, Florida and Texas. Our stores are in Ft. Myers and Stuart, FL, San Francisco, San Marcos and Culver City, CA, Bloomington, MN, Las Vegas, NV, San Antonio and Arlington, TX. Our corporate headquarters is in Stuart, Florida, and you can visit any of these locations to purchase currency and save money from one of the leading currency exchange services in the nation.

Airport and overseas currency exchanges are often expensive and questionable

Overseas currency exchange services are all too often questionable and expensive, and they are usually one of the worst places to buy currency although they are frequently used. These companies remain in business because of the fact that travelers have to use them or risk being stuck in their travel destination without local cash. You certainly won’t want to have to rely on any of these currency exchanges, and you can totally avoid needing to use them if you buy your currency online. You’ll save 50% or more on your currency exchange fees and you won’t have to pay service fees that can add tens or hundreds of dollars of unnecessary costs to your purchase. Be sure to visit one of our store locations if you live in any of the areas mentioned above, or purchase your currency online at http://www.xchangeofamerica.com

Do You Need to Time Your Currency Purchase?

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You may be wondering whether or not you should time your currency purchase based on the current currency exchange rate for your main currency. You can certainly do this as a way to save money, but keep in mind that most types of fluctuations over a short period of time are usually quite minimal. You can easily find information about the historic currency exchange rate for any currency that you’re interested in purchasing, but in most cases it makes sense to make your purchase as soon as you can so that you can have your currency delivered ahead of any upcoming trip. This way you’ll be able to avoid using any last minute currency exchange option that may be expensive and inconvenient.

It won’t make much of a difference in your cost in the short term

If you don’t have much time before your next trip to a foreign country, trying to time your currency purchase for when the currency exchange rate is favorable won’t be all that effective. This is because of the fact that currency fluctuations are normally minimal over a short period of time. Larger fluctuations can happen over the course of several weeks. If you would like to time your currency purchase for when you’ll get more currency for the money that you spend, you can always contact us at 1-888-1800-1977 to get information on when you can expect to be able to purchase a higher amount of whatever currency you are aiming to buy.

Make sure you purchase your currency with time to spare

If you have just weeks to go before your next trip to a foreign country, you may as well make a currency purchase now so that you’ll have the currency that you need ahead of time and you won’t be stuck scrambling for an option at the last second. You don’t want to wait until the last few days before you leave to make your purchase because there’s no guarantee that your currency shipment will arrive in time. This will force you to have to use a local currency exchange where you’ll get some of the worst exchange rates, along with a huge range of fees in many cases that can make you end up spending significantly more than you need to.

We can provide you with currency exchange information

We can provide you with information on the daily exchange rate for any currency you’re interested in purchasing, along with the rate that you can expect to pay for your next purchase. If you don’t have much time before your next trip, you should strongly consider purchasing the currency that you need as soon as you get the next opportunity. We can let you know if now is a good time to purchase or if you should wait for a later date, assuming you have the time. We can also provide you with information about historic currency exchange rates so that you can make a more educated decision when you purchase currency for any purpose.

Buy Currency Online to Enjoy Your Next Trip To the Fullest

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To enjoy your next vacation to a foreign country to the fullest, you should try to buy currency online or in person at a reputable currency exchange such as Xchange of America to ensure that you have enough physical currency for your vacation. There are several countries that prefer payment in their local currency, including a number of Western countries, and even if credit is accepted at many stores and retailers, you will almost always find an area where you’ll need to make a payment in the local currency. By having at least a small amount of cash with you, you’ll avoid any situations where you aren’t able to pay.

You’ll get to explore the more rural parts of the country you visit

When you buy currency online you can explore the more rural parts of the country that you visit, as many of these areas often have businesses and retailers that lack credit card machines. In some cases they may even have a credit card machine but won’t be able to take your particular type of credit card. Many banks will charge you extra fees if you use debit cards overseas, or you may not be able to use your debit card at all. So, to fully explore any country that you visit, make sure that you have cash with you so that you can easily visit any rural parts.

You’ll be able to purchase items from small vendors and boutiques

Even in larger urban centers, you’ll find a number of street vendors, boutiques, and small shop owners who often do not have credit card machines. You can’t assume that they will be able to accept dollars as well, as some of they may be able to, but others would prefer not having to deal with currency exchange and the other hassles of having to keep dollars. If you do pay in U.S. dollars, they may not be able to give you change back in the same currency as well. This can all be a major headache, and to avoid this type of situation it’s a good idea to have cash with you at all times.

It’s fast and takes just minutes

Buying currency online is quite fast and takes just a matter of minutes. You simply make an account at Xchange of America and place your online order for currency. You can easily choose your quantity, shipping options and other details, and you can purchase currencies for multiple countries. Your personal information is protected throughout the entire process, and you are guaranteed to receive your currency quickly and with affordable shipping methods. You won’t have to deal with driving to your local currency exchange if you buy currency online this way, and once you have tried it you’ll probably never visit a local currency exchange again. Our exchange rates are some of the best that you’ll find anywhere, so go ahead and make your purchase whenever it is convenient for you, or feel free to contact us at 888-7-XOA-XOA for any questions.

How Fluctuating Currency Exchange Rates Can Affect the Stock Market

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It isn’t common knowledge, but fluctuating currency exchange rates can influence the stock market. For example, in 2015 the Central Bank of Switzerland had a major impact on stock markets as they abandoned their policy of keeping the value above the Swiss franc down compared to the Euro. By the end of the 15^th, the franc was approximately 15% stronger than the previous day. Most types of currencies do not move more than a few percentage points each day so the franc’s change in such a short period time was massive. Several stock market companies took a major hit in the Swiss market, particularly companies with major exports like Nestle and Swatch.

Rising currency values make exports more expensive for buyers

This Swiss case study is an excellent example of how rising currency values can affect the stock market. Rising currency values make a country’s products more expensive for those who are buying them overseas. For example, the US dollar is weaker when the Swiss franc is valued higher, and Swiss watches and other Swiss products become more expensive for those in the United States. This usually results in consumers buying fewer products. Rising currency values often ends up being bad news for exporters. Also if any country heavily depends on exports, quickly rising currency values can be devastating to their stock market.

Rising currency values make sales numbers weaken

The other downside when currency exchange rates rise is that sales numbers become weaker for many exporters. For example, 1 million dollars in sales in a prior month will have a lower value if a currency becomes stronger in the following month. This means that sales numbers will be weaker if a currency keeps rising, and that also has a negative impact on stock market values in many cases. Switzerland has several companies that earn most of their revenue abroad and these companies had weaker sales numbers when their currency rose. For example, Nestle earns over 97% of its revenue from foreign countries outside of Switzerland.

Large companies can hedge against currency increases

This certainly does not mean that large companies are at the mercy of their central banks or their country’s currency exchange rates. For example, large companies can hedge to their exposure to currency changes by purchasing securities that increase in value when their country’s currency rises in value. There are also other ways to hedge against increases in currency values. On the other hand, importers, will often prefer their currency to be stronger because they can purchase more of other countries’ exports at a lower price. So, other companies may increase in stock value when currencies rise.

Many other factors influence stock market values

There are many other factors that play major roles in how stock market values rise and fall, but the currency exchange rate is certainly one of the biggest ones. If you are interested in learning more about currency exchange rates, or if you have any questions at all about buying currency or timing a currency purchase, be sure to contact us today.

Buy Currency Online Securely

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If you need to purchase currency online, it is important to find a website that has the appropriate security so that your private information is protected. Don’t just choose any website out there; double-check if they have an SSL certificate, secure website and other security measures to protect your billing information. When you search for any online currency provider, you will find several different options and many of them may seem suitable. Choosing a company like Xchange of America is always a wise decision, as we have always protected our customer information. Your personal information is guaranteed to be encrypted whenever you need to use our website for currency purchase.

Your personal information is important

No matter which website you use, it is important to protect your personal information from hacking or any other threats. The best way to do this is by using a service that offers full protection with SSL technology, as previously mentioned, among other methods to protect your information. Xchange of America is one of the leading providers of online currency exchange services because we used high quality secure technology to protect all our customer’s information. We guarantee that your billing and personal information will be protected throughout the entire process, and that your order will be shipped quickly and efficiently. We know how important it is to protect your personal information and we have a great reputation for being one of the leaders when it comes to website security technology and quick and efficient online purchasing.

Industry leading privacy practices

It is also important to choose a service that will never share your personal information with any other third parties or commercial interests. We will never share your information with anyone else or sell your information to any other group. You can trust that your information fully protected and that we have no interest whatsoever in gathering information and selling it like many other websites online. No matter how many times you do business with us, your information will be fully secured and protected, and we will only use it for your currency purchase and nothing else. You can always contact us for more information about our privacy policy review it on our website whenever you make a purchase.

Online and offline purchasing options

If you would rather purchase your currency in person, you can choose from any of our convenient locations throughout the United States. This offers the utmost privacy protection and the ability for you to speak with a customer service representative face-to-face prior to your purchase. If you happen to live in California, Florida, Texas, Nevada, or Minnesota, you can visit one of our store locations and purchase your currency there. Otherwise you can make an online purchase with full confidence that your personal information will be protected and that your order will be processed efficiently so that you can receive the currency that you need on time. For more information about our website privacy practices and security feel free to give us a call today or send us an email.

Purchasing Foreign Currency Quickly

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It is often beneficial to be able to purchase foreign currency quickly, as you may want to benefit from a strong exchange rate, or you may have a trip coming up soon that you need to purchase currency for. You don’t want to spend a lot of time having to wait in lines, deal with customer support issues, or other hassles as you try to purchase the currency that you need for an upcoming trip or for any other reason. Purchasing foreign currency online has become one of the best ways to obtain it quickly, and if you choose the right service there are many benefits and very few disadvantages compared to traditional options.

You won’t have to shop around

It can be difficult to find a high-quality currency exchange service in your local area. If you do not live in a big city or near a big city the chances are that there are very few currency exchange services where you are. You may have to drive several miles or hundreds of miles just to get get to a currency exchange. This is a waste of time when you can purchase currency online and never must drive anywhere. You don’t have to shop around from one place to another try to find the currency that you need, and you can have your currency shipped to you no matter where you live in the country.

Purchase foreign currency in minutes

When you choose an online provider like Xchange of America you can purchase the foreign currency that you need in just a matter of minutes. If you have your payment information ready, all you need to do is select the amount of currency that you want and make your purchase. Your personal information is protected throughout the entire purchase, and you can choose as much currency as you want. In most cases your currency will be shipped within the next business day without any delays, and you will be able to take care of your other obligations as you prepare for your trip or other plans. If you properly time your purchase ahead of your leave day, your currency will arrive on time so that you won’t be stuck using an airport currency exchange.

Don’t get stuck in lines

Even if you find a local currency exchange service, many services are often busy, which means that you must wait in line and then explain what you need to the service representative which will take even more time. When you purchase foreign currency online you never need to speak to any support representative if you don’t want to, unless you have any questions about your purchase. You simply send your information and you’re good to go. At Xchange of America we offer a wide range of different currencies to choose from depending on where you are traveling to what your needs are. You can ask us any questions before your purchase, or you can go ahead and place your order online whenever you’re ready.

Buy Currency Long Before You Travel

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If you are planning a trip to another country soon, you should buy a currency long before your leave date. You do not want to wait until the last second to purchase currency because you will almost always spend more money than you need to. In most cases if you wait, you will have to resort to using an airport currency exchange which is always a bad choice, as they will often charge the huge amount in extra service charges. If you properly plan things out, you can have your currency delivered to your home before you leave so that you will have cash for any expenses that might arise.

It is well worth the time to plan your trip

You do not want to be caught at the last second without the currency that you need for any upcoming trip. Although many vendors in foreign countries will accept credit and debit card payments, there are some areas of even the most modern countries that will not have credit or debit card machine. Other merchants will prefer receiving their local currency rather than your currency. No matter where you plan on traveling you will almost always need cash, and thus you should be sure to purchase enough currency before you travel. Taking just a few minutes to buy currency will make all the difference, because you will have the cash necessary for tips, restaurants, personal items, souvenirs, anything else you may need to purchase in cash.

You may not be able to find a currency exchange service

Don’t wait until the last minute otherwise you must end up spending more money on service fees while wasting additional time looking for currency exchange. Airport currency exchanges will charge you 20 to 50% more than other currency exchange services because they tack on large fees. If you purchase your currency from a service like Xchange of America you will receive it on time, and you will spend much less money. Our currency exchange services are professional and we offer currencies for all the most popularly traveled countries in the world, including many Asian, Middle Eastern, European, African and other countries. If you don’t find the currency that you need on our website, be sure to give us a call because we may have it available.

Save money and time with an online purchase

You don’t need to find a local currency exchange to buy currency for your upcoming trip. You can avoid traffic, waiting lines, parking problems and several different headaches just by using an online currency exchange. You will be able to purchase any quantity that you need, from many of the top currencies in the world. You will also spend much less money compared to many other services. We can help you purchase your currency and determine how much currency that you will need for your upcoming trip if you’re not sure. If you have any questions, be sure to give us a call today, or if you know how much currency you need feel free to go ahead and make your purchase on our secure website.