Comments on: What's the best way to exchange currency? http://www.myylt.com/2009/03/28/whats-the-best-way-to-exchange-currency/ Discussion of Forex Trading and Currency Trading Wed, 23 May 2012 00:17:25 +0000 http://wordpress.org/?v=2.3.3 By: Peter R http://www.myylt.com/2009/03/28/whats-the-best-way-to-exchange-currency/#comment-12580 Peter R Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/03/28/whats-the-best-way-to-exchange-currency/#comment-12580 The bank. The bank.

]]> By: cockblocker40 http://www.myylt.com/2009/03/28/whats-the-best-way-to-exchange-currency/#comment-12581 cockblocker40 Tue, 30 Nov 1999 00:00:00 +0000 http://www.myylt.com/2009/03/28/whats-the-best-way-to-exchange-currency/#comment-12581 In Barcelona, I'd recommend just using your credit card rather than carrying alot of cash around. Just make sure that you use a credit card rather than a debit card, so that you're protected in case there's any fraud. However, to answer your question, usually you'll get a better exchange rate at the airport where you arrive than you will on your credit card or in your home country. Credit cards use whatever the bank exchange rate happens to be, and usually place a fee on translating between currencies. You should ask your bank what kind of fees they place on foreign transactions and whether they place a translation fee on each credited item, or on all credits accepted within a day. In Barcelona, I'd recommend just using your credit card rather than carrying alot of cash around. Just make sure that you use a credit card rather than a debit card, so that you're protected in case there's any fraud.

However, to answer your question, usually you'll get a better exchange rate at the airport where you arrive than you will on your credit card or in your home country. Credit cards use whatever the bank exchange rate happens to be, and usually place a fee on translating between currencies. You should ask your bank what kind of fees they place on foreign transactions and whether they place a translation fee on each credited item, or on all credits accepted within a day.

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