Money changers help customers exchange one type of currency for another. In order to legally exchange money, these companies must be licensed. Forex exchanges make profits by charging fees and profiting from bid-ask spreads.
Beware of money changers that have very high fees or use wide bid/ask spreads – it may not be worth exchanging currency at a place that charges less or has better rate. If you need to check or compare rates, you can search the internet for the latest numbers or you can call an exchange stop before your visit.
There are many money changers in every city, and there’s probably one near you. Apart from standalone exchange offices, you can also exchange currency at airport kiosks, hotels, resorts, and banks.
Exchange locations near me
The best way to find money changers nearby is to use Google Maps. You can click and drag the map to move it around, zoom to a specific region, or use the full-size map to search further.
If you need to exchange your money for cryptocurrency in a physical location, you should look for cryptocurrency exchanges and ATMs instead.
Alternatives to currency exchanges
- Use ATMs: Many international credit and debit cards allow you to withdraw cash from ATMs, which will be located in many areas, including near banks and airports.
- Pay with credit cards: Although foreign transaction fees can be high, there are plenty of credit cards with offers designed specifically for travelers. If you have one with reasonable fees, you can just use a credit card instead of carrying cash.
- Exchange money at hotels: Many larger hotels now offer a currency exchange service, but the fees tend to be much higher.
- Changing money in banks: Although their exchange services are limited, banks are some of the best places to exchange currencies due to their reliability and lower fees. You will need to be sure to check if the bank offers the service, as few do. Service may be more widespread in tourist areas.
Banks, ATMs and other services nearby
ticket vending machines
Information is accurate as of January 14, 2022.