How to Exchange Money in a Foreign Country
-
-
Answer:
Most businesses in foreign countries won't accept U.S. dollars as payment for goods or services. Although you can use your credit card in foreign countries, not all places will accept your cards. Instead, you'll want to exchange at least some of your money for the local currency. Difficulty: Moderately Easy Instructions Research the current foreign country exchange rates. Before traveling, you should find out the rate to expect when you arrive. You can use an online rate converter, like the one found on OANDA.com (see Resources below). Exchange your money at the airport or hotel. You'll want to use the safest locations to exchange your money in a foreign country. You can also go to a local bank to make the exchange. If you have time, you may want to compare rates and fees posted at each location. Look at the fee for exchanging your money. Prior to exchanging money in a foreign country, inquire about the transaction fee charged to make the exchange. Consider traveler's checks. Many locations in foreign countries accept traveler's checks, and you can usually get a better rate on this type of currency than you can for cash. Another benefit of traveler's checks is that you can get the currency prior to departing. Tips & Warnings Tip: You can also use an ATM terminal in a foreign country to exchange your money. Follow the instructions on the ATM after inserting your bank or credit card. However, your bank may charge you a hefty transaction fee. Tip: Banks or exchange bureaus in the U.S. can sell you foreign currency before you leave for your trip.
eHow Travel Editor at eHow old Visit the source
Related Q & A:
- How can you be a foreign exchange student?Best solution by Yahoo! Answers
- How do I go about being a foreign exchange student?Best solution by Yahoo! Answers
- How to take money from a bank?Best solution by wikihow.com
- How can I become a foreign exchange student to a Korean high school?Best solution by efexchangeyear.org
- How much spending money for a week in Majorca?Best solution by Yahoo! Answers
Just Added Q & A:
- How many active mobile subscribers are there in China?Best solution by Quora
- How to find the right vacation?Best solution by bookit.com
- How To Make Your Own Primer?Best solution by thekrazycouponlady.com
- How do you get the domain & range?Best solution by ChaCha
- How do you open pop up blockers?Best solution by Yahoo! Answers
For every problem there is a solution! Proved by Solucija.
-
Got an issue and looking for advice?
-
Ask Solucija to search every corner of the Web for help.
-
Get workable solutions and helpful tips in a moment.
Just ask Solucija about an issue you face and immediately get a list of ready solutions, answers and tips from other Internet users. We always provide the most suitable and complete answer to your question at the top, along with a few good alternatives below.