TripHip - Travel Tips and Advice for Traveling on a Budget

If you are traveling abroad, you can often get the best exchange rates at ATMs. The currency exchange kiosks at airports often have high fees, so avoid them if you can.

ATMs are really convenient, because you don't even need to go into the bank or go through the hassle of paperwork, like travelers once had to do when exchanging traveler's checks.

If you're traveling abroad, you can often exchange money before you even leave the country. Contact your local bank to see which countries you can get currency for. Or if you are a AAA member, go to your local branch and see what countries they have currency for. They usually sell "tip packs" for various countries.

It's handy to have some local currency in your pocket when you step off the plane, because you may need it right away for things like taxis, bus fare, a quick bite to eat, etc.