From the Indian rupee to the Canadian dollar, there are 182 different exchange rates in the world. Therefore, it is very important to learn about the best way to change currencies when traveling outside the euro zone.
Summer is coming and with him, the longed for vacations. There are many who travel abroad at this time, and one of the most important and at the same time most arduous tasks, is to inform us adequately about the currency exchange we need.
A few years ago, the only option was to go to the nearest branch of the bank or pray that the commissions at the airport would not go through the roof.
Today, the options are counted by tens and the posters that shout “exact exchange rate” pounce on us when we plan a trip that requires another currency. But before so many offers, what is the ideal? Each country is a world and there is no one par excellence, although all agree that the best thing is to change the currency in the country of arrival and not in the country of origin.
The first thing to keep in mind is if our trips is short or long stay. The advice given here focuses on tourist trips of short periods. In the case of long stays, the ideal is to open a current account in the country of destination.
We must also know that the exchange rate varies every day according to the money market.
Canada: In Canada, the currency is the Canadian dollar. In this case, the best change is obtained at the Vancouver Bullion and currency Exchange office, located on Granville Street and Broadway. However, this option only compensates if we change large sums, for small amounts it is best to pay by card (debit) or withdraw money at the ATM. It is advisable to check with our issuer the conditions and commissions that apply to us abroad, this practice is advisable whenever we travel to a country where we want to pay by card or withdraw cash.
The US is one of the most frequented destinations on the other side of the pond, using the US dollar and is one of the most requested changes, since this currency is accepted in most countries of the world. The best thing to pay there is to do it with a credit card, since that is what less commission takes. The change of currency is established by Visa or MasterCard International and although it is a little higher than the exchange rate that can be found officially, it is better than the one offered in other places to change the cash. On the other hand, withdrawing money from the ATM entails a lot more commissions.
One of the most typical trips within the European Union is to the United Kingdom, where sterling is used. It is also the place that offers the most options and where we can feel the most lost. It is still inadvisable to change in the Spanish bank or airport, the best change is achieved in the exchange houses (in the case of London, avoid the most central), or withdrawing money in the ATMs. These do not charge any commission on cards issued in the United Kingdom, and for foreign cards the commission is lower than usual. Be careful with some London ATMs, especially for tourists who charge high fees. They are recognized for not being associated with any bank.
Despite the topics that can be heard, Thailand is a very safe country to carry cash. The official currency is the Thai baht. Both debit and credit cards can be used, although the surcharge will be between 3% and 5%. However, if you are a Visa or MasterCard customer, you have the right to withdraw the money at no charge at the bank’s teller window. There are also ATMs, AEON ATM, where they do not charge commission. They are found only in some areas of Bangkok (Silom area and Suvarnabhumi International Airport) and Chiang Mai (International Airport).
You travel to Japan and you want to know how to exchange dollar to yen currency, here we tell you how to change money in Japan in the most simple and economical way. it is best to change money before leaving home. For this there is a good option: you can do it with a specialized company, such as nihonex Currency Exchange or Global Exchange.
When requesting the change in one of these companies you will receive the money directly in your home, without any extra cost. Currently, from Civitatis, we have an agreement with nihonex, so when requesting the change through the following link, you will get a discount.
In China credit is not very popular, and it is preferable to pay in cash with Chinese Yuan. The exception is Hong Kong, where international cards are accepted in almost all establishments, although some apply a surcharge of between 2.5 and 7% to compensate the commission they pay to the issuing entities. Foreign currency is exchanged in border crossings, international airports, bank branches or high-priced hotels; this service is normally offered only to guests. The official rate is almost always public and the commission is standardized, so it is almost not worth comparing prices to get the best offer.
It is important to calculate in advance the amount that is expected to be spent. In total there are eleven convertible currencies, the rest only serves within each country or in some cases in bordering countries. Therefore, if it has been exchanged for any currency other than the US dollar, Canadian dollar, New Zealand dollar, Australian dollar, Japanese yen, pound sterling, Swiss franc, Swedish krona, Danish crown or Norwegian krone, it cannot be changed again. for euros in Spain when returning from vacation.