Traveling overseas can be expensive and challenging. You have to renew your passport, book your flight and hotel, pay for transportation and food, pack and so much more before you even reach your destination. Even if you have credit and debit cards, you’ll probably exchange currency at some point during your travel. So, you must know where to get that cash without losing too much in conversion and fees.

Where Not to Exchange Currency

Before you exchange currency, you should know where NOT to exchange currency. While airport currency exchange providers appear most convenient, they don’t offer the most favorable rates. They are well aware of the fact that they are either your first or last choice to exchange currency so they charge additional fees and commission charges. The same holds true for hotels and major tourist centers. Avoid all these currency exchangers unless there is an emergency or they’re the only option available at your destination.

Where to Exchange Currency in the US

If you like to plan ahead and want to exchange currency before you leave US, it is best to look for a reputed currency exchange service such as Florida Currency Exchange. The bank does not really offer the best exchange rates and usually charge more fees than exchange bureaus. Some currency exchange services even offer to match rates, if you find a better deal elsewhere. Since they may have competition, they would offer you the best rates.

You can buy traveler’s checks but they are outdated and you face an extra fee. They aren’t accepted everywhere so you’ll have to cash them at a bank in your destination.

Where to Exchange Currency in Another Country

If you haven’t been able to exchange currency before you leave, you can exchange currency at a bank, or accessing an ATM. However, remember that you would be charged transaction as well as and surcharges from both your bank and the ATM owner when you do that. In this case, it’s best to take out enough money in one go to avoid multiple withdrawal fees.

What to do with Foreign Currency upon your return

After your trip, you are often left with a bit of foreign currency. You can go back to the currency exchange service where you bought your foreign currency. Remember that many of these places don’t accept coins, so don’t save any and spend them during the last days of your trip.

If you travel frequently, you may want to hold onto the leftover foreign currency for your next trip.

If you are looking for the best buy and sell foreign currency exchange rate in Florida, call Florida Currency Exchange at 813-280-9999. At Florida currency exchange service, we offer you the best exchange rates in the area and if you find a lower rate within 100 miles of their locations, we will match it!