How to Exchange Currency

When you're traveling abroad, banks and legal money changers offer the best rates when you need to exchange one currency for another.

Things You'll Need

  • Travel Guides
  • Calculators
  • Electronic Personal Organizers
  • Local Newspapers
  • Passport Services
  • Travel Services
  • Travelers' Checks
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Instructions

    • 1

      Look in the business section of the local newspaper for the current exchange rates.

    • 2

      Find a legal money changer (an American Express Travel Service, for example) or bank, which offers better rates than an airport or hotel. If you withdraw money from an ATM, you'll receive the bank's exchange rate, but you may incur transaction fees.

    • 3

      Show the teller your passport.

    • 4

      Use your own calculator to ensure the accuracy of the exchange.

    • 5

      Sign the release form.

    • 6

      Count the money before you leave the desk, and take your time.

    • 7

      Get a receipt. Customs officials won't ask to see it, but it's always a good insurance policy to have one when you've exchanged money.

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