I have heard that the cruise lines are no longer allowed to do foreign currency exchange is this true??. We did a baltic cruise 4 years ago and we could do this. this year we're doing a med cruise and thought we might use that service if we needed to. Thanks for any info.
I haven't seen or heard of ships no longer doing currency exchange. I do know that they have a limited amount of currencies available. On my Baltic cruise the only currency that was available was Euros. Rubles and Kroners were not available.
On my HAL, Asia cruise they had no currency exchange for yuan or HK dollars.
It really depends on the ship and the itinerary.
My "guess" is that Euros would be available on a Mediterranean cruise.
I advocate obtaining your currency using an ATM, at a bank ATM, when you arrive or go ashore.
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I second Mike's recommendation to use an ATM after arrival for foreign currency; much easier and a much much better exchange rate.
As for choice of currencies, it varies by cruise. Like Mike, we just had Euros onboard for Baltic Cruise. In Asia, we had three different setups last year: Australian Dollars were onboard; in Bali and Phillipines a local money changer came onboard; in Taiwan they had the moneychanger in the terminal when you debarked. All worked fine.
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If you use your credit card at an ATM you may get hit with a cash advance fee and be charged interest from the moment you make the withdraw.
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Don't think they can match "mid-market" rates. Fees don't matter when many bankis/financial institutions refund the fees so there is no beating mid-market.
Your bank refunds the fees. the OPs may not. The exchange place we have beats the pants off the banks. It's good tomhavemoptions...ATMs are great and the cheapest way to get Euros away, but we can do pretty well at home too.
I only bring up getting them at home as I saw the OP is in BC. Most people don't have the options that we do.
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