Does anyone know the conversion rate that is normally charged by the Money Exchanger located in foreign airports or any oher location after arriving in the country?
I am mostly interested in the Euro.
I know I can convert USD to Euro by going to my local bank. If you have an account with the Bank I>E Bank of America you can get the conversion but they charge $7.50 for the delivery. Thart is for a $200 conversion.
So if the money exchanger charge say 3% then that would be a better deal than the $7.50 delivery charge.
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Ray, by far the best deal is to use an ATM machine in the airport. The "money changers" are pretty bad, at least three if not closer to 5%. I used to order currency before leaving states (BofA) but switched to ATM when I found out how cheap they are. With BofA, I would pay $5 fee and then get midmarket rates. Now, with Fidelity, I pay no fees and still get midmarket rates.
There are always ATMs at airports.
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