Is it cheaper to buy foreign currency at home or abroad?
Using local banks and exchange offices abroad can be a viable option for currency exchange. Local establishments often offer competitive rates and lower fees compared to airport and hotel services.
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When you are traveling to another country, you can exchange some of your money before you leave home. Doing so gives you time to shop around for the best rate.
While you'll always need some cash, using a credit card for your spending needs can significantly simplify overseas travel. You won't really have to deal with converting currency and, armed with the right credit card, you won't pay unnecessary foreign transaction fees.
Currency exchange shops and kiosks in airports are not the best places to exchange money. For the best rates, try a local bank or a bank ATM to make your currency exchanges. Check to see if your U.S. bank offers foreign ATM fee refunds for using a foreign ATM. Not all currency exchanges charge the same rate.