Exchange Money Travelers Country Rate High Charge Wiring

When traveling "overseas" (to another country), travelers want to get the best possible exchange rate to "make their money go as far as possible" (get the best value for their money). "Fluctuations" (changes) in the exchange rate are usually "beyond the traveler's control" (something that the traveler cannot influence), but travelers can do certain things to get the best possible exchange rate.

Airport currency exchange "booths" (small stores or tables) are "notorious" (famous in a bad way) for having very high exchange rates. Travelers who fly into a country without the local currency need to exchange money quickly, and these businesses "take advantage of" (use for their benefit) the situation to charge "exorbitant" (extremely high and expensive) exchange rates.

Travelers don't need to exchange their money at the airport if they arrive in their "destination country" (the country they are traveling to) with a small amount of the local currency. "Savvy" (smart; clever) travelers are also aware of the current exchange rates so that no one can "scam" (trick) them into paying a higher exchange rate.

Travelers can also use "ATMs" (automated teller machines; machines that let people take cash out of their bank account) or debit or credit cards to get good exchange rates. However, the benefits of the lower exchange rate might be "canceled out" (made unimportant) by high fees. Many ATMs charge fees for each transaction, and some banks charge "foreign transaction fees" for any "transactions" (sales or withdrawals) in another country. It is important to know what these fees will be "ahead of time" (before one conducts the transaction) so that there aren't any surprises on the monthly "statement" (a report of all the transactions in one's bank account).