Banks add their own risk margins and fees. Online sources display neutral interbank values.

Why is Google rate different from my exchange

Google shows the mid market rate, not the rate you receive as a retail customer.

Why does Western Union show a worse rate

Retail remittance networks face higher operational costs and pass those costs to the user through lower conversion rates.

How does the interbank rate work

It is the rate at which large institutions trade currency among themselves. Consumers rarely receive this price directly.

What is a markup fee

A markup is the extra percentage added on top of the real rate. It is how many providers earn revenue.

Travel Related Currency Questions

Travelers often search for simple, actionable guidance.

Where to exchange money when traveling

Banks and licensed exchange counters usually offer better rates than airport kiosks. Online pre booking can also secure better prices.

Should I exchange currency before travel

It is smart to exchange a small amount before travel to cover immediate expenses. The rest can be withdrawn abroad using a low fee card.

Should I exchange at the airport or destination

Airport rates are almost always worse because of convenience pricing.

Why is airport currency exchange expensive

Airport operators charge high rent and fees, which forces exchange booths to use inflated prices.

How much cash should I carry abroad

Carry only what is necessary for transport and early expenses. The rest can be handled by card or ATM withdrawals.