Is there an index of country currencies recommending whether to bring money or not?
Nov 17, 2014, 2:18 pm
#1
Original Poster
Join Date: Feb 2014
Posts: 175
Is there an index of country currencies recommending whether to bring money or not?
Sorry for the title massacre, but is there a compilation thread of all European countries and advice on whether or not one should bring currency or hold off and withdraw currency from ATMs? I will be in a few European countries in the coming weeks and am not sure whether to bring already exchange CZK or to just wait until I find an ATM.
Thanks!
Thanks!
Nov 17, 2014, 8:21 pm
#2
Join Date: Nov 2008
Location: ORD
Programs: AA PLT
Posts: 2,781
In general, it's almost always better to withdraw cash from an ATM once there. Fees from currency exchange firms at home will be more than any ATM fee you're likely to pay, and you'll likely get a better exchange rate too.
Nov 18, 2014, 3:14 pm
#3
Join Date: Jul 2001
Posts: 2,925
Many airports have ATMs and I frequently use them on my arrival to get cash so that I can get on my way.
Nov 18, 2014, 7:40 pm
#4
Join Date: Nov 2008
Location: ORD
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Posts: 2,781
Only word of advice is to make sure you're withdrawing from an actual bank's ATM, not one from an exchange company like Travelex, as they'll convert you at their marked-up rate, not the interbank rate.
Nov 19, 2014, 9:41 am
#5
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Great idea, so that if you say, lose your debit card immediately after withdrawing cash at the airport, you've bought yourself a little time to work out how to get cash going forward. (Not that anything like that happened on my last overseas trip.)
Only word of advice is to make sure you're withdrawing from an actual bank's ATM, not one from an exchange company like Travelex, as they'll convert you at their marked-up rate, not the interbank rate.
Only word of advice is to make sure you're withdrawing from an actual bank's ATM, not one from an exchange company like Travelex, as they'll convert you at their marked-up rate, not the interbank rate.
Nov 20, 2014, 11:15 pm
#6
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Location: NYC
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Posts: 14,638
Is there an index of country currencies recommending whether to bring money or not?
You should always withdrawal at destination ATM. I think it is just supply and demand on bank notes; more "local" currency at foreign country.