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  • When is it best to exchange money
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  • Where to Exchange Currency Without Paying High Fees

    Travelers should look to convert their currency before embarking on a trip or know where to go to save on changing money while abroad. Trading currency at a hotel or even a currency kiosk in an airport or elsewhere in the country can be costly due to poor exchange rates and high fees.

    The best options are more likely to be associated with your local bank or credit union, so it's important to plan ahead when it comes to exchanging currency.

    Key Takeaways

    • Because of high currency exchange fees, travelers should consider converting their currency before traveling.
    • Banks, credit unions, online bureaus, and currency converters provide convenient and often inexpensive currency exchange services.
    • Once on foreign soil, the best means to convert currency is to use a foreign automated teller machine (ATM) or identify whether your bank has ATMs or banking affiliates nearby.
    • Many credit and debit card issuers allow users to purchase items overseas using their cards without foreign transaction fees.

    Understanding Exchange

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