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Best & Worst Places to Exchange Foreign Currency on Vacation

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Ever wonder where you should exchange your dollars or Euros, money, when you travel? Well here are a few tips on the best and worst places to exchange your currency while you are traveling. Filmed in Kilkenney, Ireland Copyright Mark Wolters 2017 USA Today & 10Best's #1 Independent Travel Videographer 2014 FlipKey by TripAdvisor Top 10 Travel Bloggers 2014 Our Equipment Sony Alpha a6000 Digital Camera. Great for Capturing Amazing Photos and HD Video. http://amzn.to/2bBMnWg GoPro Hero4: Digital Camera for On The Go Fun in 4K http://amzn.to/2cbYkz4 SanDisk Extreme Pro 64 GB - SD Disk: For Saving All The Video Footage Without Having to Switch Chips http://amzn.to/2bSjCE3 Video Editing Software: Sony Movie Studio 13 - Fast, Easy & Affordable to Make Great Videos at a Great Price http://amzn.to/2bBjhrF Tripod - Manfrotto Compact Travel Tripod - The Size to Travel, but the Sturdiness of a Professional Tripod http://amzn.to/2bRSVAV For More Travel Gear & Accessories Visit Our Amazon Travel Gear Shop http://astore.amazon.com/woltworl02-20 Find More Videos At: http://www.woltersworld.com Subscribe to Wolters World on YouTube! http://www.youtube.com/woltersworld Follow Us At http://www.facebook.com/woltersworld http://www.twitter.com/woltersworld http://www.instagram.com/woltersworld
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Text Comments (74)
Caleb.B (6 months ago)
I found that post offices often times have the best exchange rate. In Canada, every bank is pretty good with exchanging. If you do go to an airport, exchange about 100$-200$ USD just to get by and shop around. In Thailand for example, many banks offer pretty reasonable exchanges. Also note, in many countries, have clean unmarked bills (especially the Where’s George markings) otherwise they will turn you away
Jacek Sas (10 months ago)
No never. Using bank card from another country is usually the most expansive way to exchange money. The best is, to buy some popular currency before leaving your country (ie. EUR or USD) and then go to exchange office to buy local money, but do it in the city, not in the airport (in airports and railway stations there is usually more expansive).
Jada Michelle (4 months ago)
Jacek Sas and you're more likely to not be able to get your money back if someone gets ahold of your card number.
Debra S. Gokey (10 months ago)
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Carly Garrett (10 months ago)
I want this. Plz help me.
daniamz (10 months ago)
I tried this on my recent trip vs exchanging before I went. I didn't have any euro or pounds when I landed, I withdrew a small amount from a free ATM for tips and bus fare and used my credit card with no exchange fees for larger purchases. I saved so much money! And since I was alone, I felt much safer not hauling around a wad of cash.
Scott (10 months ago)
Any videos on Lapland? I am thinking of going to Kakslauttanen Arctic Resort in Ivalo to see the Northern Lights.
Mario Perez (10 months ago)
bear!!
Abriolo PT (10 months ago)
I went to Warsaw twice this year and i changed the money, in cash, on the city center ''Kantor''. The exchange rate of these places in Warsaw were surprisingly good! I didn't need to worry about
Raptorboi (10 months ago)
Come to Limerick tonight we'll tear up the town!
jcarrett7 (10 months ago)
Mark, I'm an American that has been living in Poland for 7 years, and to be honest, your recommendations aren't correct. I've never seen banks with good rates in any country in Europe. It's best to be aware of the rate and walk around to an exchange office that has a rate with no more than a 2% margin.
Jacek Sas (10 months ago)
true story
h lynn keith (10 months ago)
In Korea, I found that Citibank has the best exchange rate and the worst locations. By that I mean, they are hard to find. And when I did not have a Citibank account, it took 2 hours to complete the paperwork.
Boat Lover (10 months ago)
I also understand that where you can pay with a CC, they have among the best exchange rates. I try to have two different types of card that do not charge a foreign transaction fee. AMEX is not always accepted so I also have a mastercard. Most of my foreign travel is in the Caribbean where dollars are almost universally accepted though in some places change will be given in local currency, usually just the coin portion.
Aubry Coop (10 months ago)
I was just in Ireland! Love your videos Mark!
daniamz (10 months ago)
Aubry Coop Me too! Hope you had a great time :)
Bobsuruncle Mum (10 months ago)
Hey, homie! What would you say are the most down to earth/authentic cultures&countries you've been ?
'Amelia Kolokihakaufisi (10 months ago)
Thank you so much for your advice, I was just wondering this.
Nathan & Sopa (10 months ago)
My UK bank is Barclays. I use my debit card to take cash from an ATM this is what happens. Firstly, the exchange rate is terrible. Secondly, I'm charged a transaction fee and a foreign currency handling fee. Thirdly, the local Thai banking system charges an ATM usage fee. For £300 withdrawal, I get charged about£10 not including the crappy exchange rate! Wtf..!
Anthony Copsey (10 months ago)
Nathan Williams I find the post office normally has the best rate in the UK, however for longer trips where you don't want to take that much cash with you that crappy bank rate is unfortunately probably the best you can get.
Tele Opinions (10 months ago)
Just thought of something.  I understand that when you travel to Europe many countries like Spain or France will give you only a 3 month visa.  Is there a way to get a longer tourist visa so you could actually stay in the EU longer to immerse yourself in the culture of a country or two at more leisurely pace?
ledbthand (10 months ago)
What is your advice for what to do with any left over foreign cash, once you are at the next stop? I learned the hard way not to use the airport exchange when I gave them $40 worth of Japanese currency, and they gave me back about $18 worth of Chinese. Haha
juan monge (10 months ago)
spend the money at the duty free shop at the airport. Everyone loves those toblerone or perugina chocolates.
Jrprez22 (10 months ago)
I usually order some in advance from my bank and then use the ATM once there for more.
ledbthand (10 months ago)
Jrprez22 I like to do the same, to have "get a meal and a cab to the hotel" cash on hand after the long flights. Then pull out more as needed.
Mikołaj Komorowski (10 months ago)
As far as my experiences are concerned, I consider using my card as not the most convenient option. The exchange rate tends to always be worse than in exchange points one can find in, at least, bigger cities in Europe, and at least Polish banks often charge extra for an international payment. I definitely wouldn't advice to exchange money in a bank (bad exchange rate) or Western Union (example: in Prague, if you change currency from Euro, the commision is 27%!!!) either. Being in Europe it is most convenient to have already Euro (in countries with another currency like Poland, Czech Republic)/Dollars in cash and find a local exchange point without commision. There is plenty of such places in touristic cities, but one should always be very careful and check the information before using their service, as for example the current exchange rate etc. (I can recommend the XE currency converter). And guys - please, never exchange money on streets! In Prague there is a plague of scammers who try to sell tourists old Belarussian rubles instead of Czech crowns. Even if you exchange money in a dedicated place, check before in the Internet how it should look - it might help you avoid troubles in countries, where they have their own local currency.
mountainhobo (10 months ago)
The worst place to exchange currency: Reception desk at your hotel.
Amanda M (10 months ago)
I know someone with Pakistani rupees (equivalent of $50 US) and literally no place would take it. And this person forgot to exchange it back when in Pakistan :(
phantom page (10 months ago)
Will you visit Africa
In1998able (10 months ago)
And don't fly Ryanair
go cats (10 months ago)
Don't exchange money at the exchange place inside the Louvre. That place is highway robbery.
Gerry Adams (10 months ago)
Go to Glendalough 🅱️🅾️I
Toby Middleton (10 months ago)
Can
Toby Middleton (10 months ago)
Van you speak a little about South Africa. Going to Durban in March. Thanks
Elise (10 months ago)
Got cash at the supermarket checkout :D Bought some stuff asked X-amount cash-back. (euro to pounds) Seemed to be the cheapest option but did not work in every supermarket.
We just left Ireland yesterday! :) Beautiful country :) Thanks for the tip!
Runar Andersen (10 months ago)
So in general it is better to try to spend your cash before you leave, or save it for a later trip.
Runar Andersen (10 months ago)
Coins can be a bit of trouble. I actually changed my British coins into Euro coins on the ferry from Dover to Callais, France. Probably not the best exchange rare, but still better than having coins in my pocket that would get lost.
Andrew Hemingway (10 months ago)
I see what you are saying but atm abroad just look scary
Andrew Hemingway (10 months ago)
Wolters World i know its the people hanging around tham then asking for money
Wolters World (10 months ago)
they are fine. they havce an english link :)
Leon Haven (10 months ago)
why not put all those questions in one ten minute video?
Wolters World (10 months ago)
Because i can't put all hte questions into the title of the video (that is how people tend to decide what to watch) so this way their individual questino can be answered.
Aaron Explores (10 months ago)
I usually draw out of a cash point or pay in restaurants/shops with my master card, there is no fee.
Ronnie Mutch (10 months ago)
I use a fairfx euro card and I pre-load it in the weeks leading up to my holiday. That way I can do it from an app on my phone whenever the rate is good (changes on a daily basis). Withdrawing costs €1.50 (but there are no other charges), so try to do that only once at the start of your holiday. Use the card in shops like a credit/debit card for free. This link gives you a free card (normally £10): https://www.fairfx.com/ref/nujs3
Wolters World (10 months ago)
thanks for the heads up
BriansRadioReviews (10 months ago)
Is the euro ever accepted in places that don’t normally use it?
Oliver 'Ava' Meyer (10 months ago)
You can typically in hotspots and capitals, but don't, they don't really want the bother. So they typically overcharge you in Euro to get you to pay in the local currency - it's actually not because they want to fool you. It's because they're tired of having people come with the wrong currency or not having exchanged their currency. And hey, if you manage to attract people who don't want to have to deal with the exchange business, who blindly just pay 2-3x the price of a ware, so be it. No one's going to complain.
Wolters World (10 months ago)
Montenegro uses the Euro and they aren't in the european union
Runar Andersen (10 months ago)
For sure, but the exchange rates probably will not be so good. Just out of my head I know that at the duty free arrival on Oslo Airport they at least used to accept Euro. In Norway several tourist sites accept euro, just because they have so many tourists with Euro. In general: Because it is a so common currency used by many, you can use it to pay outside the Euro-zone. Just like the dollar is. But don't count on it. Spend it where you are or save it for the next trip.
Þorkell Sigvaldason (10 months ago)
Yep. But you are almost certain to get any change in the local currency.
Jordan Amoth (10 months ago)
What about a third world country? Went to one and there wasnt atms
Wolters World (10 months ago)
then take US Dollars.
Chris Herrera (10 months ago)
Mark, could you please do a video on 5 things you should do in Dortmund Germany? please and thank you
Chris Herrera (10 months ago)
Wolters World can you please do a video about things to do in Dortmund
Wolters World (10 months ago)
Wow. i have not been to dortmund in about 9 years or so. Need to get back
KartoffelHundin (10 months ago)
NEVER use Travelex!
zeroxlulu (10 months ago)
They gave me like 4 pounds and some change for 10 USD, that was back when I had my very first international trip so I didn't know any better... Thankfully I didn't exchange more there.
Wolters World (10 months ago)
they are insane with their direct conversion. Its like 5 or 10% worse
Anthony h (10 months ago)
Casinos give the best rate I think
BriansRadioReviews (10 months ago)
Mark, are you still in Ireland as of Sep 21 8:06 am Houston time?
Wolters World (10 months ago)
+hittingtax26 got home yesterday
BriansRadioReviews (10 months ago)
first!
Jan (10 months ago)
Good tips.! Also avoid exchanging currency though the "money-changers" standing at / around tourist places
TLC (10 months ago)
Agree. Cards are the way to go. Have a look also at those prepaid cards services in your country that might offer some good commissions too. It's even safer than using your debit card
George Katsiyiannis (10 months ago)
I always use Revolut! It has the best exchange rates, you can get money from ATM with their rates (even at the airport!). Helped me a lot throughout my travels. The only bummer is that it's not supported by Apple Pay.
Marco C. (10 months ago)
I have lived abroad for most of my life... so the best thing is really just to pay with a card and keep as little cash as possible with you. :-/ you'll never get a good deal by exchanging currencies!
szoszk (10 months ago)
van03de In Germany most banks (if they have foreign exchange fees), charge you a fee abroad (except EU/EEA) even if you pay in Euro. So by converting at the POS with currency conversion you are paying the 1.75% fee and have a horrible exchange rate.
Marco C. (10 months ago)
Lol, and you just caught a ROMAN. Yes, Rome is my city. Enjoy it. Credit cards are accepted mostly everywhere, I would keep around 100 € in cash at the most, maybe for restaurants, drinks and tips ;) I am from Rome but live abroad, miss my city so much. Say hello to her for me. ;)
shindra86 (10 months ago)
I'm going to Rome next week. So it seems like I'm better off using my debt card normally than exchanging cash? Thanks for the insight.
Marco C. (10 months ago)
You are right! Forgot to write that. Always pay in local currency!
van03de (10 months ago)
Marco C. Very true! But ... when you use your credit or debit card at stores or even ATM abroad, they sometimes ask you whether they may convert the amount into your home currency. This would save you the bank fees (in my country it's usually 1.75 %). You'd better say NO! Because the store or ATM would give you a very bad exchange rate which cost you much more than 1.75 %.
M. E. (10 months ago)
Love me
Glove (10 months ago)
Thanks
Wolters World (10 months ago)
you are very welcome

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