Most major U.S. cities have currency exchange shops. You will likely find the most favorable exchange rates in these shops. Exchange rates are available daily in the Wall Street Journal and New York Times. If you are already at your destination, check the International Herald Tribune for exchange rates.
In U.S. cities like New York, San Francisco or Chicago, currency exchange shops will have a wide variety of international currency available for exchange. If you are in a major city, shop around the currency stores, as they may offer different rates. Follow the exchange rates in the weeks preceding your trip to make your exchange at an opportune time.
Many large banks offer currency exchange. While the rate of exchange may be the same at many banks, it is important to check to see what the commission is for the exchange. Large banks, such as Wells-Fargo or HSBC are usually able to exchange U.S. dollars for foreign currency, but call your branch to determine the fees and rates.
Some travel agencies offer currency exchange. This is a safe way to exchange currency, but travel agencies will usually charge a premium for the transaction or the rate will not be as favorable as at a bank or currency exchange shop. AAA and American Express offer currency exchange as well as travelers checks.
You may exchange currency online through several companies. As with exchanging in person at a shop or bank, it is important to compare exchange rates. In addition, consider shipping options and costs before selecting an online option. As examples, money may be exchanged online using Forex or Wells-Fargo.
Once you have arrived at your destination, you'll have several options for exchanging currency. If you are carrying U.S. dollars, you may visit a currency exchange booth/shop or bank and make an exchange. Most debit cards work internationally and you may use your card to withdraw funds in the local currency. Should you choose to do this, make sure to review charges for overseas withdrawals before your trip. If you have a PIN number for your credit card, you may withdraw local funds using your credit card.
You can probably exchange your U.S. dollars at a major hotel or airport at your destination. These options should not be used for major exchanges as the rates and/or service charges will not be favorable.
