If you need to purchase foreign currency, there are several ways in which you can save money on currency exchange. If you use a service like XChange of America you can save tens or even hundreds of dollars on foreign currency exchange because we charge you much less than other services. If you wait and use an airport currency exchange service, you will likely lose money because of their high fees. Don’t wait until the last minute and purchase your currency ahead of time using a foreign currency exchange service like XChange of America. You can have your currency delivered directly to your home by purchasing it through our website.
Wait until the foreign currency exchange rate is favorable
Another way to save money on foreign currency exchange is to wait until the exchange rate is favorable. There are some days when the currency exchange rate will not be as favorable because the rate changes on a daily basis. Try to time your purchase so that your country’s currency is valued as high as possible against the currency you are looking to purchase. You can look at charts for several days or weeks at a time to see how the exchange rate has fluctuated over time. The best thing to do is pick a rate that you would like to purchase foreign currency at, and wait until your main currency has strengthened before making a purchase. Also you should purchase as much currency as you will need all at once.
Don’t purchase currency at an airport foreign currency exchange
If you purchase currency at an airport foreign currency exchange you will end up spending much more money than you need. These foreign currency exchange services tack on extra fees for foreign currency exchange, and you may end up spending 20% more or an even higher percentage than necessary. If you use Xchange of America for foreign currency exchange you never have to worry about service fees. Airport foreign currency exchange services will end up costing you a substantial amount more, and it may end up being a hassle with the extra delays on your trip. You can buy all of the foreign currency you need ahead of time at a reputable foreign currency exchange service like XChange of America.
Buy all the currency you need at once at a foreign currency exchange service like XChange of America
It is helpful to buy as much currency as you will need all at once, and if you pick a day that the exchange rate is favorable as previously mentioned, you will save the most money. Try to anticipate how much cash you will need for your upcoming trip and buy it all at once to avoid having to buy extra currency once you’ve traveled. Ideally you don’t want to have to exchange any currency at all once you have reached your destination, because the cost for any foreign currency exchange once you have already traveled will be much higher. At Xchange of America we can help you determine how much currency that you will need so that you can buy a sufficient quantity all at once, and we can help you time your purchase as well.