Beware Of Airport Currency Exchange Rates

Filed in Travel Tips

My friend, beware of airport currency exchange rates!

You’ll get the best exchange rates on your travels when paying with your plastic card(s). However, if you’ve got some cash to exchange I always recommend doing this at the airport as I found the most reasonable exchange rates there (rather than at a local bank).

However, do check out the various exchange desks available at the airport and do NOT stop your journey at the very first!

Short ‘n sweet, here’s my experience from last weekend, on which we exchanged R$ 370 (three-hundred seventy Brazilian Reais) into euros:

Currency Exchange Counter #1 (I don’t recall their name): € 97
Course: 3.81

Currency Exchange Counter #2 — Reise-Bank: € 117
Course: 3.16

Currency Exchange Counter #3 — Euro Change: € 130
Course: 2.85

See? Noticeable differences! The third desk gave us 33 euros more than the first one.

So make sure you ask at least three. They’re usually pretty close to each other, by the way. ;-)

—Marcus

 

This entry was posted on Tuesday, March 16th, 2010 at 5:00 am. You can follow the responses to this post through the RSS Feed. If you link to this post from your Web site and would like to send me a ping, here is the Trackback link.

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