Media Blog
Stay Away from Airport Currency Exchange Services
When planning a trip abroad, it is not uncommon to leave buying foreign currency to the last minute. Oftentimes, you can buy foreign currency at a bank or use an ATM once you’re plane has landed. However, using an ATM, once you calculate all the fees both from the overseas bank machine and your bank plus the exchange rate, it can cost you quite a bit. Xchange of America makes it easier and more cost effective to buy from them.
It can also be difficult to know how much money to exchange and with a bit of research and help from Xchange of America, you’ll be able to save money for yourself if you’re on a vacation of for your business, if that’s what has you traveling abroad.
Whether you’re traveling for business or pleasure, don’t assume the US dollar will be accepted. There are a number of currencies all over the world and each country’s is different. Foreign currency is necessary from the moment you arrive to your destination. You’ll need money for taxis or other transport, for food, and in some locations, you’ll need cash for your accommodation. Not only is having foreign cash already in hand good for basic services and getting around, it helps you get to know and understand the country you’re in. Many travelers assume the airport is suitable because of its convenience due to both common language and location. But, this is often not the case because of high fees and exchange fee rates.
Currency exchange rates fluctuate regularly and weary travelers can find airport exchange services a bit confusing and may not realize how much more they’re spending when choosing the seeming convenience of the airport. Exchanging currency costs money on both sides of the transaction whether you exchange currency at the bank or wait to get cash from the ATM when you get to your destination. Your bank in the U.S. will charge a transaction fee as will the foreign bank. Credit cards are accepted nearly everywhere, but like the banks, ATMs, and airport exchanges, it’s those pesky fees that add to the final bill. But, when you buy currency through Xchange of America, you can travel secure in the knowledge that you got the best rates at the best time.
When traveling in a foreign country, it is best to have cash as it is accepted everywhere and there are no transaction fees to worry about. If you use a credit card, there is a transaction fee for every purchase making things cost more. At Xchange of America, the savings are passed on to you.
Whatever you choose, it’s best to have it be on your travel planning to-do list along with things to pack and your itinerary.
There are a number of things to take into consideration when traveling abroad such as where to stay, what to see, and what to do. But, all of these things require foreign currency to do and enjoy and the best place to buy that currency is not the airport. It’s Xchange of America.