Posted by forex at 5:44 AM
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1. Find out the approximate current exchange rate for the currency you'll be buying. A few currency exchange services slightly alter the exchange rates to make more money, so it's better to do your research in advance and avoid these places. You can check current exchange rates online at sites such as www.xe.com.
2. Contact your bank and ask if it sells world currency. Some banks offer currency exchange services, generally at a lower fee than currency exchange companies.
3. If your bank does not sell foreign currency or if it charges a high fee, find local currency exchange services and compare their rates. Many places will list their fees online, but you may have to call some to ask.
4. Visit either your bank or the currency exchange service you found in Step 3.
5. Tell the person who assists you how much currency you would like to buy. You may either request a certain amount of foreign currency (such as 60 euros) and pay the corresponding amount of American money, or you may tell the clerk how much American money you would like to exchange (such as $100) and receive the corresponding amount of the foreign currency.
6. Pay and receive your foreign currency.