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Exchange Rates

Travel Forums General Talk Exchange Rates

1. Posted by Globerovers (Full Member 59 posts) 11y

Does someone know of a website which explains for many countries where the best exchange is to be found e.g at the airport, on downtown banks, or hotel...or advice such as bring and buy with USD or "you need local currency". I'm interested to know about Eastern Euro and South America.


2. Posted by Wocca (Inactive 3745 posts) 11y

Exchange Rates

Hi webcrawler

You can usually buy local currency wherever you enter the country at (such as an airport). For ease of convenience, you might care to cash say $US100 to start with . This amount should get you out of trouble until you work out where to get the best exchange rates. Airports don't always give the best exchange rates.

Try this link for an idea of how much your money is worth in other currencies: Universal Currency Converter


3. Posted by bluewaav (Inactive 627 posts) 11y

There was a website that I was trying to find, called "WorldCom" or something, a compendium ... If I were you, then I would try looking up information on the banks' webpages, or try The Financial Post, or something.
Good luck.

4. Posted by IMonaghan (Respected Member 431 posts) 11y

In general I have found that the best exchange rate is direct from your bank at home. They tend not to rip their own customers off too much. The easiest way to do this is to just use your atm card in a foreign atm machine and most banks just convert the currency strait away to your local currency without any surcharge other than standard atm fees.

In contrast to that most cash converters (like the airport) charge a surcharge of $5 to $15 US based on location and amount you are changing. In addition to that they will knock .5% off the prime rate in their favor to make it worth their time.

Your bank makes it's money off you in other ways, where a exhange house only makes money by charging you for that service.

5. Posted by lil j (Travel Guru 1303 posts) 11y

I need to start looking at this sort of thing as well but someone i work with she told me that if you go to the travel agents-First Choice and you pay £2 extra they exchange all of the currency that you have left over at the same rate that they did when you went-if that makes sense!

These figures mean nothing to me but i hope that by looking into it i will understand it all a bit better!

6. Posted by daveh (Travel Guru 1027 posts) 11y

Lil J, the Post Office does currency commission free. Might be worth looking into.

7. Posted by lil j (Travel Guru 1303 posts) 11y

ooh thanks dave-i'll have to do some searching on the internet i think soon!

8. Posted by areinstein (Travel Guru 2788 posts) 11y

Quoting Wocca

Try this link for an idea of how much your money is worth in other currencies: Universal Currency Converter


Great link W! Just what I was looking for...

Post 9 was removed by a moderator