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Informative Articles

8 things not to forget when traveling to the tropics
Copyright 2005 Dave Markel Sometimes it is hard to pack for a place or climate that is new. When packing to go to the tropics there are some items that you don't want to forget. 1. Appropriate Identification: With tighter security these days it...

CYPRUS - the Divided Country, Travel Guide
Nestled into the eastern part of Mediterranean Sea, Cyprus is the third largest island in the Mediterranean. Cyprus history for the past 10,000 years has seen civilizations come and go and famous historical figures such as Alexander the Great to...

Luggage Tips For Air Travel
The Guide to Lightening the Travel Load Traveling with light luggage has been a common rule known to many travelers. It is a very common, and simple, guide yet it still remains as the most violated one. Didn't they say that the simplest...

Tips for Travelers Who are Going to Hong Kong
Hong Kong is a key destination for many travelers. It has a population of more than seven million, scattered all throughout its more than 200 islands. It is located in Eastern Asia, near China and the South China Sea. Formerly, leased to...

Travel Insurance - Trip Cancellation and Health Insurance
Most people don't really know what they're looking for in travel insurance they just want something to take care of them in case they can't make the trip or if something happens to them while on the trip. Trip cancellation and medical travel...

 
A Travelers Guide To Currency Exchange

Exchanging currency is something frequent travelers must become familiar with. There are many different currencies around the world. Finding out how to exchange currency and where to do it can help travelers get the most out of their money.

The following outlines the major places that will exchange money for travelers. Also indicated are any problems or concerns about exchanging currency using the methods.

1. Airports. Airports will exchange currency for travelers at desks they have set up for this purpose. They usually offer exchange rates that are the worst available. They charge high fees which can sometimes be as high as 20% of the exchange amount. This type of exchange is most convenient for the time pressured traveler. It is conveniently located at the airport and it is easy to do a transaction.

2. Banks. Local banks are happy to exchange currency. They often offer the best rates and do not charge fees that are too high. Banks tend to use exchange rates based on the actual traded values. Banks, however, are limited in hours of operation and may be unable to exchange certain currency or large


amounts.

3. Credit and Debit cards. This is the quickest and easiest way to exchange currency. Most major credit cards work world wide without hassle. The exchange rates are competitive which keeps them low. Travelers should alert their credit card company that they are using it outside of their home country so it does not get deactivated as security precaution.

4. ATM machines. They are easy to use, but also pose a risk of high fees associated with their use. Travelers wishing to use ATM's outside of their home country should discuss fees first with their bank.

Travelers may find many different places to exchange currency. The four listed here are the most commonly used options. Each has an up and down side and the one a traveler chooses depends on their own needs and concerns.

About the author:

Stephen Kreutzer is a freelance publisher based in Cupertino, California. He publishes articles and reports in various ezines and provides resources on currency exchange at CyberTopics!