Join Date: Aug 2008
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Re: Voyaging on $500 per month
guess I was wrong, not attacking me, only using my name
Mike I don't see a way around the exchange fees unless you are swapping via barter. If you take cash out the ATM you pay the bank fee of the transaction plus the exchange rate they chose. If you personally go to the bank you still pay an exchange fee and the bank of course isn't going to give you the deal they can get and are going to make profit on it. And both of these there is a second exchange fee involved if you end up with extra local currency.
I still feel that credit card use is the best answer for any place that accepts them assuming you have gotten a fee free card. The exchange fee is the best you probably can expect as it most likely is an interbank exchange and all done electronically. Then you pay the card in your home currency electronically as well.
I just don't see a plus to adding middlemen (local bank) to the mix.
Don't blow air up my rear, be useful and blow it at the sails!
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