Comments on: How I Try Not to Get Rip Off and Wreak My Personal Budget with Exchange Rates When I Travel http://moneyning.com/money-tips/how-i-try-not-to-get-rip-off-with-exchange-rates-when-i-travel/ A personal finance blog where we share insights on carefully saving money, investing, early retirement, mortgages, stocks because the little things matter in achieving financial freedom! Sat, 21 Nov 2009 08:01:45 -0800 http://wordpress.org/?v=2.8.6 hourly 1 By: Rebekah http://moneyning.com/money-tips/how-i-try-not-to-get-rip-off-with-exchange-rates-when-i-travel/comment-page-1/#comment-21343 Rebekah Wed, 11 Nov 2009 13:53:08 +0000 http://moneyning.com/money-tips/how-i-try-not-to-get-rip-off-with-exchange-rates-when-i-travel/#comment-21343 I just looked up the currency exchange and the guys on the street have about .2 of a cordoba charge. That's about 2 american cents. I just looked up the currency exchange and the guys on the street have about .2 of a cordoba charge. That’s about 2 american cents.

]]> By: Rebekah http://moneyning.com/money-tips/how-i-try-not-to-get-rip-off-with-exchange-rates-when-i-travel/comment-page-1/#comment-21341 Rebekah Wed, 11 Nov 2009 13:45:17 +0000 http://moneyning.com/money-tips/how-i-try-not-to-get-rip-off-with-exchange-rates-when-i-travel/#comment-21341 We live internationally and exchange money by withdrawing dollars at the bank and then exchanging on the street. I'm not sure if every country works this way, but they give you a really good exchange rate in Nicaragua. If you need a receipt, you can usually ask around. We found a little store two places down from our bank that exchanges money in a relatively private booth and gives a little receipt. Their exchange rate is the most competitive in town. We live internationally and exchange money by withdrawing dollars at the bank and then exchanging on the street. I’m not sure if every country works this way, but they give you a really good exchange rate in Nicaragua. If you need a receipt, you can usually ask around. We found a little store two places down from our bank that exchanges money in a relatively private booth and gives a little receipt. Their exchange rate is the most competitive in town.

]]> By: Currency Teller http://moneyning.com/money-tips/how-i-try-not-to-get-rip-off-with-exchange-rates-when-i-travel/comment-page-1/#comment-7146 Currency Teller Thu, 12 Jun 2008 21:30:38 +0000 http://moneyning.com/money-tips/how-i-try-not-to-get-rip-off-with-exchange-rates-when-i-travel/#comment-7146 I work in an exchange office in Canada and I disagree with you... Airports are not the best place, that is true. But going at an exchange office in the city before you leave is a lot cheaper than changing your money in the country you going to. Why? Because exchange office are "stuck" with foreign money and they want to get rid off it...by selling it to you! Of course, it won't come free, but it's cheaper. I work in an exchange office in Canada and I disagree with you… Airports are not the best place, that is true. But going at an exchange office in the city before you leave is a lot cheaper than changing your money in the country you going to. Why? Because exchange office are “stuck” with foreign money and they want to get rid off it…by selling it to you! Of course, it won’t come free, but it’s cheaper.

]]> By: MoneyNing http://moneyning.com/money-tips/how-i-try-not-to-get-rip-off-with-exchange-rates-when-i-travel/comment-page-1/#comment-1686 MoneyNing Mon, 10 Sep 2007 15:04:29 +0000 http://moneyning.com/money-tips/how-i-try-not-to-get-rip-off-with-exchange-rates-when-i-travel/#comment-1686 The Dividend Guy: I bet it will be but unfortunately I work for a small company and we really don't have the resources to manage this on top of everything else that all the employees have to do :) I think it's a great idea though. Sort of like "buy in bulk"! The Dividend Guy: I bet it will be but unfortunately I work for a small company and we really don’t have the resources to manage this on top of everything else that all the employees have to do :)

I think it’s a great idea though. Sort of like “buy in bulk”!

]]> By: The Dividend Guy http://moneyning.com/money-tips/how-i-try-not-to-get-rip-off-with-exchange-rates-when-i-travel/comment-page-1/#comment-1668 The Dividend Guy Sat, 08 Sep 2007 16:06:51 +0000 http://moneyning.com/money-tips/how-i-try-not-to-get-rip-off-with-exchange-rates-when-i-travel/#comment-1668 If I am traveling on business, I let my company take care of it. I have even used them for my personal travel as they get amazing rates because we do so much business in various countries. If your company is open to this, it can be a great money saver. If I am traveling on business, I let my company take care of it. I have even used them for my personal travel as they get amazing rates because we do so much business in various countries. If your company is open to this, it can be a great money saver.

]]> By: MoneyNing http://moneyning.com/money-tips/how-i-try-not-to-get-rip-off-with-exchange-rates-when-i-travel/comment-page-1/#comment-1656 MoneyNing Fri, 07 Sep 2007 23:22:43 +0000 http://moneyning.com/money-tips/how-i-try-not-to-get-rip-off-with-exchange-rates-when-i-travel/#comment-1656 Emily: Apart from the suggestions in the article, you might want to make sure you have a budget and not get much more currency than you need. The worst thing is to exchange for too much foreign currency, and then convert back at the end of your trip because you don't have a need for the rest of them. Aaron: I never knew they would do that! Which credit card company are you using? Also, check Capital One's credit card as they don't charge transaction fees for foreign purchases. Emily: Apart from the suggestions in the article, you might want to make sure you have a budget and not get much more currency than you need. The worst thing is to exchange for too much foreign currency, and then convert back at the end of your trip because you don’t have a need for the rest of them.

Aaron: I never knew they would do that! Which credit card company are you using?

Also, check Capital One’s credit card as they don’t charge transaction fees for foreign purchases.

]]> By: Aaron http://moneyning.com/money-tips/how-i-try-not-to-get-rip-off-with-exchange-rates-when-i-travel/comment-page-1/#comment-1655 Aaron Fri, 07 Sep 2007 23:14:01 +0000 http://moneyning.com/money-tips/how-i-try-not-to-get-rip-off-with-exchange-rates-when-i-travel/#comment-1655 A quick reminder on foreign currency! Don't forget to let your credit card company know that you will be traveling in certain time period. In that case, you won't be rejected in the foreign country when you try to use the card overseas. Furthermore, there will be a 2% - 3% transaction fee add on the bill. As I know, AE card has the lowest transaction rate (2%) compare with others! Hope this information helps. A quick reminder on foreign currency! Don’t forget to let your credit card company know that you will be traveling in certain time period. In that case, you won’t be rejected in the foreign country when you try to use the card overseas. Furthermore, there will be a 2% – 3% transaction fee add on the bill. As I know, AE card has the lowest transaction rate (2%) compare with others! Hope this information helps.

]]> By: Emily http://moneyning.com/money-tips/how-i-try-not-to-get-rip-off-with-exchange-rates-when-i-travel/comment-page-1/#comment-1653 Emily Fri, 07 Sep 2007 22:39:03 +0000 http://moneyning.com/money-tips/how-i-try-not-to-get-rip-off-with-exchange-rates-when-i-travel/#comment-1653 Hi Moneyning, Thanks for your article! I will be traveling the next few weeks in Asia! Any good suggestions on exchange rate in Asia?? Hi Moneyning, Thanks for your article! I will be traveling the next few weeks in Asia! Any good suggestions on exchange rate in Asia??

]]> By: Modern Worker http://moneyning.com/money-tips/how-i-try-not-to-get-rip-off-with-exchange-rates-when-i-travel/comment-page-1/#comment-1650 Modern Worker Fri, 07 Sep 2007 21:26:35 +0000 http://moneyning.com/money-tips/how-i-try-not-to-get-rip-off-with-exchange-rates-when-i-travel/#comment-1650 Thanks for the advice! Thanks for the advice!

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