Head to your bank or credit union before you leave to avoid paying ATM transaction costs. You may even receive a better exchange rate. Credit unions and banks will exchange your dollars into a foreign currency before and after your trip when you have a checking or savings account with them.

To get the best currency exchange rate in 2026, you should avoid airport and hotel kiosks, which typically charge the highest commissions and offer the poorest rates. The most cost-effective method is usually to use a local ATM at your destination to withdraw cash using a debit card that offers "No Foreign Transaction Fees" and "ATM Fee Reimbursement" (like Charles Schwab or many premium fintech cards). This allows you to get the "Interbank Rate," which is the closest to the actual market value. Another excellent option is to use a Prepaid Forex Card or a multi-currency travel card (like Revolut or Wise), which allows you to lock in favorable rates in advance and spend like a local. If you must exchange physical cash before you leave, check with your local bank or credit union, as they often provide competitive rates for their members with a few days' notice. Always choose to "Pay in Local Currency" rather than your home currency when prompted by a card terminal abroad to avoid "Dynamic Currency Conversion" fees.