Finding foreign currency or money exchange locations is simple and easy but choosing the right method could save you a ton of cash. It is no surprise to learn that there are many hidden fees when exchanging money and what used to be a convenient way to get cash is no longer widely used and accepted.
Here are the best currency exchange options for travelers.
- Credit cards: Credit cards are a must these days either to book a hotel room or make large purchases. Whenever you make a purchase in a foreign currency credit card providers charge more than ATMs by adding 2.5 – 3% on top of the spot rate. Or use a multi-currency forex card for all your payment needs. Once the foreign exchange card is loaded, you can swipe it in the country you are travelling. These cards are visa/mastercards/ multi currency travel card and can easily be topped up.
- Foreign exchange offices: If you’re looking to exchange money before you leave, foreign exchange offices will offer good value as long as you are a