Always compare exchange rates from different sources to ensure that you are getting the best rate available.
Using online transfer services like TransferWise or WorldRemit can often save you money on fees and give you a better exchange rate.
Airport exchange rates are often higher due to the convenience factor, so try to exchange currency before you leave or once you arrive at your destination.
If you are exchanging a large amount of money, try negotiating with the exchange provider for a better rate.
Exchange rates fluctuate frequently, so try to exchange your money when the rate is favorable.
Using a credit card can be a good option for travel because it often offers a competitive exchange rate and may also provide other benefits like travel insurance.
When you use a credit card overseas, you may be given the option to pay in your home currency. This is called dynamic currency conversion and is usually a bad deal
Using local ATMs can often provide a better exchange rate than exchanging currency at a bank or exchange provider.
Some banks and exchange providers may charge hidden fees, so be sure to read the fine print before exchanging your money.
Researching the costs of your destination ahead of time can help you budget better and avoid overspending, which will maximize the value of your money.