How can you get the best currency exchange rate

[vpatelpurple]

if you are visiting outside of the country? I live in the United States and plan to take a trip to Germany next year. Is there anyway for me to get a better exchange rate for my money before I get there?

[johnson4730]

Bring a Check Card or Credit Card, use local ATM's they will give you the best currency rate, it is calculated by the minute. Unless of course you can predict rising currency rates but i doubt it.Its not a good idea to use change area, either on the streets or at the airport, as well as local banks. They change a "change fee" (usually a percentage) followed by a very bad exchange rate. Most of the time they get you for about 3 cents on a dollar for the exchange rate, and 3% commission. ATM's are the way to go. I live in Europe but have American bank accounts. I know this first hand.

[WorldTraveler]

I agree with the answers above regarding exchange rates in terms of using a ATM or check card. In regards to using that however, try to find a friend or a relative you can trust to deposit incriments of 300 dollars US currency at a time incase of theft of your card, your not out your whole trip money. Also make sure you NEVER trust people on the street giving you deals in money exchange. Only use reputable and safe-looking money exchange places. But defently check out Lonely Planet "Europe on a shoestring" if you are looking to save money in europe it is absolutly a Indespensable bible almost of things to do Especialy if your young and on a budget.