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How to Exchange Currency | Why You Should NEVER do it at The Airport

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When we looked into all your options for currency exchange

we found that buying currency at the airport is nearly 10% more

expensive than any other option. In this video we're going to show you all the

ways that you can buy currency so that you can choose which way is right for you.

There are five main ways you can buy currency; at the airport, from your bank,

from a money exchanger here, a money exchanger overseas or you can order it

online. So let's have a look at each of those options.

The airport really is the

worst place to buy currency. While it's convenient if you haven't organised

currency before your trip their rates are generally substantially worse than

anywhere else and they charge fees for every currency you exchange. Because of

this there really isn't a time we suggest exchanging currency there. If you

haven't organized your currency before your trip you could always use your ATM

card or buy currency at your destination, but we'll get to that bit later.

Banks are a little better than the airport but they should often be avoided too.

They generally don't offer good rates for the most popular currencies like US, Euros

or Pounds but can be a good option when buying other currencies like Chinese

Yuan, South African Rand and Hong Kong dollars. Just remember there are usually

fees of $10 to $20 on top of the rates they offer and you need to allow

them time to order the currency in because they may not have what you need in stock.

If you need currency quickly it's really hard to look past a money