How to Avoid the Airport Currency-Exchange Gouge

For frequent travellers, it is no secret that exchanging currency at airports is a terrible deal. The higher rates of exchange cost you precious bucks and you end up overspending unnecessarily! Those people who are travelling internationally for the first time are often unaware of this fact and hence, easily fall prey to the airport currency-exchange transactions because they find it more convenient and reliable than heading out into the city with no local cash and searching for a bank or an ATM. To enlighten such people, this article talks about how to avoid the airport currency-exchange gouge.

The worst part about currency exchanges at airports is probably the hidden charges and fees that are imposed on the transaction. The official inter-bank rate for currency exchanges is way lower than the fees charged at the airport and most airport currency-exchange services charge around 10% to 15% more than the banks! In addition to the high currency exchange rate at the airports, the service charges imposed upon you during the transaction are a lot, and that further adds to your losses which can be completely avoided if you undertake the same transactions at banks. Build a wonderful itinerary by using free travel itinerary planner.

The easiest and perhaps the only way to avoid airport currency-exchange rip-offs is by not putting yourself in the situation where you need to exchange cash on the airport. You can always swipe your credit card if you do not have any local currency upon your arrival into the city and then head to a legitimate, government-operated ATM or bank to withdraw local cash using your debit card. 

Another option is by exchanging the cash at official currency exchange companies. The fees charged by these services vary from company to company and you can select the one which charges the lowest percentage of fees.