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Where to exchange foreign currency Understanding currency exchange Services How to exchange foreign currency Benefits of using local services FAQs. For example, Ellen is an American traveler visiting Europe. Remember to stick to ATMs and no-transfer-fee credit card spending, and avoid exchanging money at airport kiosks, hotels, and buying things with U. They tend to have higher fees and offer you a worse rate, because they know you don't have other options. Banking Angle down icon An icon in the shape of an angle pointing down.