If you’re taking money out of an ATM overseas, bear in mind that you’ll get a better exchange rate if you choose to be charged in the local currency wherever you are. ![]() Look for a provider offering this rate, or as close as possible to it, for the best available value. You can get the mid-market rate for your currency pairing online or with a currency converter app. Get familiar with the mid-market rate for the currency you need before you come to change your cash. Instead, head to a currency exchange in the city center, or choose an alternative way to get cash, like using a travel money card at an ATM on arrival. They rely on passing traffic, and there’s not much competition to keep the rates fair and the fees down. Avoid airport currency exchangesĪirport and hotel currency exchange services are often pretty poor value. Go to Wise Go to Revolut Things to consider before exchanging moneyīefore you head out to get your foreign currency, here are a few things to think about to make sure you get a good deal. Read here 5 best prepaid cards to use abroad. With a prepaid travel card from Wise or Revolut you get the market exchange rate with low fees and complete transparency. Going to a currency exchange before a holiday can be exciting, but you will often be paying hidden fees that are baked into the exchange rate. ![]() Beat the money changer rates with a prepaid travel card We’ll also introduce 10 of the top London currency exchange services, depending on where in the city you are, so you can see if any suit you. This guide walks through some things to consider when choosing currency exchange services, including the cheapest and most cost effective ways to get foreign currency and travel money.
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