<font face="Verdana, Arial, Helvetica, sans-serif" size="2">Originally posted by GoodKarmaGuy:
There is usually a recent currency conversion thread in the Travelbuzz. I believe that the general consensus is to be aware of your credit card and ATM fees. My bank charges $3 per foreign ATM transaction and a very small (couple cents) conversion fee.... and dispenses the foriegn amount but charges my account the $US amount at the time of transaction. If I withdraw enough at one time it is the cheapest way to go for cash for me.
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Note with credit cards, most banks (I have UA's & AA's cards) have started charging 1-3% "transaction fees" that are totally invisible on your statement....you might be tempted to attribute it to the exchange rate