How to exchange foreign currency?

Exhibit 3 shows an example of By Tonya Sandersfeld
October 10, 2006 EMAIL ARTICLE PRINT ARTICLE Difficulty: Cost:

If you will be traveling outside of the United States, it's important to have some local currency for the area to which you are traveling. There are three basic ways to exchange American currency for foreign currency, and to exchange any leftover foreign currency back to American dollars when you return. Most foreign exchange services will accept cash for conversion to foreign currency, but you can also charge it to a major credit card. Besides obtaining foreign currency through one of these services, you can usually buy foreign currency traveler's checks, also.

  1. Banks. Most banks offer at least a few foreign currencies for exchange. The advantage of exchanging your currency at a bank is that they are close to home, which makes them very convenient. You can also exchange your currency the same day, so if you've waited until the last minute, it's not a problem. The biggest disadvantage is that depending upon your location, they may have quite a lot of many currencies on hand, or practically nothing. Because of this, call your local bank before you count on being able to fulfill all of your foreign currency needs through them.

Source: All About Diet

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