Changing cash for a good rate?
Aug 15, 2008 | 7:33 pm
#1
Original Poster
Join Date: May 2008
Posts: 4
Changing cash for a good rate?
I've only recently learned that it's hard to get a good exchange rate when in a Western country. I've only traveled in Asia before this year (SE Asia and Taiwan) and a bad exchange rate would be one where there's a 4% spread between buy and sell (i.e the money changer is taking up to about 2%). I have seen spreads of less than 1%.
Since I got to the US, I find that the spread is more like 15%, plus a fee of $5. Not as bad as Europe, but much worse than using a card.
Are there good exchange rates for cash in the USA, or do I just have to stick with using an ATM or credit card?
Since I got to the US, I find that the spread is more like 15%, plus a fee of $5. Not as bad as Europe, but much worse than using a card.
Are there good exchange rates for cash in the USA, or do I just have to stick with using an ATM or credit card?
Aug 15, 2008 | 8:09 pm
#3
Original Poster
Join Date: May 2008
Posts: 4
It seems to be the best option here, but less good than the cash options in places like Malaysia or Taiwan. Just thought I'd check.
Thanks.
Aug 16, 2008 | 3:07 am
#5
Suspended
Join Date: Dec 2006
Posts: 241
Check out http://en.wikipedia.org/wiki/Global_ATM_Alliance if you frequent any of those countries it is likely a good choice.