How to Avoid High Currency Exchange Fees While Travelling Abroad
Travelling abroad is an exciting adventure filled with new cultures, cuisines, and experiences. However, one aspect of international travel that can leave a dent in your budget is currency exchange fees. These hidden costs can quickly add up, leaving you with less money to enjoy your trip. But worry not! With some smart planning and practical currency exchange tips, you can avoid hefty fees and make the most of your travel funds.
Understanding Currency Exchanging Fees
Currency exchanging fees are charges applied when you convert one currency to another. These fees can vary depending on the method you use, such as exchanging cash at a bank, using an ATM abroad, or paying with your credit card in a foreign country.
You might come across several types of fees during currency exchange:
- Exchange Rate Markups: This is the difference between the market exchange rate and the rate offered by a provider.
