Your Guide to Things You Can Do in Airports As You Wait for Your Flight

LaGuardia Airport Lounge

If you're traveling through LaGuardia Airport in New York, you'll have a number of different airport lounges from which to choose. Here's a look at the locations, hours of operation ...
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Denver Airport Lounges

Denver Airport is a large airport with many terminals and 5 commercial lounges. It also has a USO lounge for active duty military. If you're looking for a place to relax ...
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Airport Lounge Access Credit Cards

If you're like most travelers, the thought of airport lounge access is about as appealing as a trip to the dentist. But what if I told you that with the ...
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The 8 Priority Passes at JFK’s Terminals 1, 4, 7 and 8 – Best Option?

If you are a frequent flyer through New York's JFK Airport, then you are likely familiar with the Priority Pass program. JFK is one of the busiest airports in the ...
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Priority Pass Guide 2022

If you travel frequently, then you know the importance of having a good airport experience. From checking in to boarding your flight and finally arriving at your destination, there are ...
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What is an Airport Terminal? Full Guide 2022

An airport terminal is a building where passengers check in for flights and receive their tickets. They also go through security before boarding their planes. The terminals are usually large, ...
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LAX Airport Lounges

Whether it is a day pass or how to access LAX lounges using a Priority pass, below is the comprehensive guide to all the airport lounges at Los Angeles International ...
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Airport Sleeping Bags

Airport Sleeping Bag

If you are one of the many Americans who have had to sleep in airports because of mass cancellations of flights, sleeping bags can come in handy if you need ...
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Fort Lauderdale–Hollywood International Airport

Fort Lauderdale-Hollywood International Airport is a public international airport located in Broward County, Florida in the United States. The airport serves Great Miami and serves as a hub for IBC ...
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Hamad International Airport Guide

About Hamad Airport - intro Hamad International Airport is an international airport in the Qatar State and currently is the sole airport in the state. This airport is located in ...
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Vancouver International Airport Guide

Vancouver International Airport is a public International Airport Located in Richmond, British Columbia in Canada. The airport is a Hub for Air Canada, Air Canada Express, Pacific Coastal Airlines and ...
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Logan International Airport Guide

General Edward Lawrence Logan International Airport is a public International airport located in East Boston and partially in Winthrop, Massachusetts in the United States. The airport is commonly known as ...
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When traveling, one of the most important things to consider is exchanging your currency for the local currency. While many people think that the airport is the best place to do this, it's actually not a good idea. In this blog, I'll explain why you should never go for the airport exchange rate and some possible options instead. What is forex exchange? Forex exchange is simply the act of exchanging one currency for another. This can be done for a variety of reasons, but most often it is done in order to buy goods or services in a foreign country. When you engage in forex exchange, you are essentially betting that the currency you are buying will increase in value relative to the currency you are selling. When I travel from the US to Canada, I won't be able to use the US currency and will need to exchange my USD with some CAD. The same goes if I'm traveling from Europe to Asia - I'll need to find a place to exchange my Euros for Yen or my British Pounds for Singapore Dollars. Airport exchange rate The problem comes with the rate of exchanging one currency for another. This rate is always in flux and is never known until the actual transaction takes place. The further away the two currencies are from each other - in terms of their countries of origin - the greater the chance that the rate will have changed by the time you attempt to exchange your currency. Additionally, even if the exchange rate is favorable at the time of your transaction, it may not stay that way. Currency rates are always changing and what might have been a good deal a few minutes ago could be a terrible deal now. Airport forex bureaus are also notorious for giving rates that are up to 20% worse than the standard market exchange rate and in addition, they charge a $5 to $15 service fee which is very high. So, if you're looking to get the best possible rate on your currency exchange, the airport is not the place to do it. There are much better options available to you. Airport exchange rate euro: The best place to exchange Euro at an airport for any local currency is by using a local ATM. The rate you'll receive will be very close to the standard market rate and, in addition, there will be no service fee. Another option is to use a foreign currency exchange service such as XE.com or Travelex. With these services, you can order your foreign currency online and have it delivered to your home or office. The rates you'll receive will be very competitive and there is usually no service fee. So, next time you're planning a trip overseas, remember that the airport is not the best place to exchange your currency. Airport exchange rate vs bank: The airport exchange rate is always going to be worse than the bank rate. The reason for this is because the airport needs to make a profit on the currency exchange and they do this by giving you a worse rate than what they could get if they were to exchange the currency themselves. Additionally, banks typically have much more experience with foreign currency exchange than the average airport currency exchange booth and as a result, they are able to offer more competitive rates. Cntraveler.com claims that you can expect airport banks to give you 7 to 15% worse rates compared to what you can get in the market. This Forbes article claims that some banks such as TD Bank and Bank of America exchange foreign currency without charging a fee. Alternatives to airport forex bureaus If you're looking for a better option than the airport forex bureau, there are a few different places you can go. Use your bank at home: Your home bank - If you have a bank account, your home bank is usually the best place to exchange currency. They will give you a fair rate and won't charge any service fees. The only downside is that you might need to order the foreign currency in advance, which can take a few days. - If you have a bank account, your home bank is usually the best place to exchange currency. They will give you a fair rate and won't charge any service fees. The only downside is that you might need to order the foreign currency in advance, which can take a few days. An online exchange Get out of the airport and find competitive exchange rates: - There are a number of online currency exchanges that can give you a good rate on your currency exchange. The downside is that you will need to pay a small service fee, but it will still be much lower than what you would pay at the airport. Use your credit or debit card - If you have a credit or debit card that doesn't charge foreign transaction fees, you can use it to withdraw cash from an ATM in the foreign country. This is usually the best way to get local currency, as the exchange rate will be very close to the market rate. Just be sure to check with your bank before you travel to make sure they don't charge any fees. As you can see, there are much better options available to you than the airport forex bureau. So, next time you're planning a trip, be sure to avoid the airport exchange rate and use one of these alternatives instead. FAQs Q: are exchange rates better at the airport? A: No, the airport exchange rate is always going to be worse than the bank rate. The reason for this is because the airport needs to make a profit on the currency exchange and they do this by giving you a worse rate than what they could get if they were to exchange the currency themselves. Q: What's the best way to exchange currency? A: The best way to exchange currency is to use your bank at home or an online currency exchange. These options will give you a much better rate than what you would get at the airport. Q: Should I use my credit card to get cash from an ATM in a foreign country? A: Yes, this is usually the best way to get local currency. The exchange rate will be very close to the market rate and you won't have to pay any service fees. Just be sure to check with your bank before you travel to make sure they don't charge any foreign transaction fees.

Always Avoid Airport Exchange Rates

When traveling, one of the most important things to consider is exchanging your currency for the local currency. While many people think that the airport is the best place to ...
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Minute Suites CLT Guide(Atrium, Locations, Cost, Priority Pass..)

Unlike in DFW and in Atlanta, Minute Suites is way more generous when it comes to places to sleep at Charlotte Douglas International Airport. This article is part of our ...
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Beijing Daxing International Airport Guide

Beijing Daxing International Airport has only one terminal. Surprisingly, it is the 2nd largest Single-Structure Airport Terminal in the World! The terminal was officially opened on September 30th, The much ...
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Minute Suites DFW Terminal A & D Cost & Priority Pass

Flying through Dallas and wondering if you'll be able to get some spot to sleep or just nap? Like Atlanta Airport, DFW has partnered with the Atlanta-based Minute Suites to ...
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Primeclass Lounge at JFK

In 2019, Priemeclass Lounge at JFK started accepting Priority passes and many travelers have been enjoying everything this lounge has to offer. If you're looking for a luxurious airport lounge ...
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Alaska Lounge at JFK

Alaska Air has a lounge at JFK's Terminal 7 and if you are wondering how you can access the lounge for a day or through Priority, Centurion or any other ...
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Sleep Pods in Munich Airport(NapCabs)

Air travel has been stressful since 2020 when COVID brought air traffic to a standstill. Still, airplanes seem to be canceling flights and that means more hours for you at ...
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JFK Terminal 1 Food

JFK Terminal 1 Food

Whether you want Kosher or not, McDonald's is always an option when it comes to food at JFK Terminal 1 but there are also Panini Express, Starbucks and more than ...
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