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A Currency Exchange Can Help Travelers Buy Currency

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Currency exchange, also known as foreign currency exchange, Forex or FX, is the business of exchanging one currency for a different currency. A currency exchange service allows a person to buy currency for any country they are traveling with a service fee tacked on. Each service will have a different rate, and typically the services that a person will encounter during their travels will be at a much higher rate because of the convenience and necessity. Travelers should buy currency at a currency exchange before traveling as a way to save the most money. Services like Xchange of America offer more favorable rates than train station or airport currency exchanges, and can save a traveler a substantial amount of money. Xchange of America also does not charge a service fee in person, online or on the phone.

Currency exchange is important for having cash prior to traveling

It is a good idea to buy currency for a destination country in the form of cash prior to traveling. In a foreign country, there can be many vendors if not every vendor that will only take cash payment in their own country’s currency. Those who would rather buy currency after they arrive at their destination run the risk of not being able to pay for important services like taxi fares, hotels, food, and other forms of transportation. They may also have to pay excessive premiums to convert their currency to a foreign country’s currency once they arrive to their travel destination.

Currency exchange services allow travelers to buy currency and have it shipped directly to them

Travelers or those who wish to buy currency for investment purposes can have their foreign currency shipped directly to them with services like Xchange of America for a small shipping cost. This is convenient because it saves time and an actual trip to a currency exchange. If more than enough currency is purchased for the trip the first time, there won’t be any need to use an exchange service while traveling and travelers can save a substantial amount of money on service fees this way.

Travelers can buy currency online or in person

Xchange of America has physical storefronts in Kansas, Florida, Minnesota, Tennessee, and California and travelers can visit these storefronts to buy currency without having to wait for shipping. There is also the option to buy currency online with expedited shipping times if time is of the essence, or normal shipping times as well, and the currency will arrive within a few days or sooner with expedited shipping.

Best Travel Destinations Where the Dollar Goes Further

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If you’re planning a trip overseas you might be wondering which destinations will give you the most value for each dollar. There are several great travel destinations where your biggest cost will be your plane ticket and the dollar goes a long way. These destinations are a great alternative to more expensive countries that might be great to visit but will cost you way more. Before you travel to any of them you might also want to buy currency beforehand so that you won’t have to deal with finding local currency exchange.

Costa Rica

Costa Rica is one of the best travel destinations for Americans and it has a great exchange rate where you will get a lot of value for each dollar that you spend. About $20 will get you a room for a night and dinner, and airfare starts at just $50. Costa Rica has several low cost airlines, and the dollar currently exchanges at well over 500 Costa Rican colons, so you can still buy currency in Costa Rica at a great exchange rate.

Mexico

Although Mexico is as dangerous as it ever has been in some parts, it is still a good destination because the peso remains low against the dollar. Most of the best destinations in Mexico are far away from the violence, which is centered more toward the border with the United States. Puerto Vallarta, Isla Mujeres, Oaxaca, and Tulum are just a few of Mexico’s best tourist spots and the dollar will get you a lot at all of them.

Thailand

Thailand offers a great exchange rate and the dollar goes a long way in this country because the Thai baht is consistently undervalued against the dollar. According to some economists, the Thai baht is undervalued by at least 33 percent against the dollar, which is a great reason to buy currency in large amounts before you go. Thailand remains a great tourist destination in spite of recent unrest and problems like flooding, and there are plenty of great places to visit including Bangkok which was recently rated as one of the best tourist cities in terms of value for money spent.

Buy Currency Before you Visit

Before you visit any of these great destinations you should buy currency beforehand, which can save you time and the hassle of having to find a currency exchange in the places you visit. When you buy currency you might also want to take the time to research value fluctuations and buy currency when the dollar has a high value compared to the currency of the country you’re planning to visit.