What is the cheapest way to exchange money?
What is the cheapest way to exchange money? Banks and credit unions are generally the best places to exchange currency, with reasonable exchange rates and the lowest fees. Here's how financial institutions — and a few other places — can help travelers exchange currency.
How do you avoid fees when exchange currency?
- Get a no-foreign-transaction-fee credit card. Though most credit cards do charge foreign transaction fees, there are a number that don't. ...
- Use a debit/checking account with no foreign transaction fees. ...
- Pay in the local currency.
Which day has the best exchange rate?
There is no specific best day to exchange currency, different factors such as political, economical factors, etc. play roles on currency exchange rates.
Should I get cash before going to Europe?
Resist the urge to buy foreign currency before your trip. Some tourists feel like they just have to have euros or British pounds in their pockets when they step off the airplane, but they pay the price in bad stateside exchange rates. Wait until you arrive to withdraw money.
How much cash should I carry in Europe?
A good rule of thumb, though, is that, on average, you should plan to carry between $50 and $100 per day in the currency of the country in which you're travelling.