Discussion of Forex Trading and Currency Trading

Where is the best place to exchange currency?

Hi,

I’ve just returned home from a trip to Europe and didn’t have a chance to exchange all of my European currency back for U.S. Dollars. I am thinking that my bank might be the best place to do this, especially if the exchange will be a deposit, but am not sure. Would appreciate any helpful information regarding this issue.

Thanks all!

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This entry was posted on Friday, June 4th, 2010 at 10:37 am and is filed under Currency Trading. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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2 Responses to “Where is the best place to exchange currency?”

  1. mr fugi Says:
    June 4th, 2010 at 10:37 am

    The bank is good, but they usually always have a place at airports too that you can exchange currency.

  2. Postergeist Says:
    June 4th, 2010 at 10:37 am

    Are we talking about a lot of money? If not, personally unless i’m counting every penny I wouldn’t waste so much time comparing half a dozen exchange houses. Lets say you have 100 euros and a choice of 3 places who charge no commission, offering 1.20, 1.23 and 1.25. The difference between them will be $5. Look at 3 places then take the highest return… any more effort than that and youre talking about sqeezing an extra 50 cents out of your exchange. I wouldn’t run around all day worrying about whether i got the best deal possible for the possibility of making an extra dollar. thats just me.

    If we’re talking about a lot of money then go to your bank. They will most likely give you the day’s closing rate (go to xe.com to find that out) minus a small exchange fee if any at all.

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