Exchanging Currency On Arrival

Sometimes it’s just easier to change currency when you arrive in the country you’re visiting, rather than changing a lot before you leave and then having to carry large amounts of cash around with you as you tour your destination. If you’d rather just keep cash or a credit card and exchange to a foreign currency as you need the money, most countries offer exchange rates to the local currency from major currencies like the dollar, pound, euro, or yen. If you need money, all you have to do is visit one of these services, pay a transaction fee – often determined by percentage or inflated foreign currency exchange rates – and get your local currency.

The first place you’ll see on arrival at your destination is the foreign exchange currency counter at the airport. This counter makes its money by charging higher currency exchange rates, so you’ll save money if you can wait and visit a major bank in the area. Many banks in other countries offer ATM machines that should work with your debit or credit card, and will give you the best exchange rate possible for your money. You’ll be most likely be able to use that machine if your card is one of those with a basic four digit pin number.