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From: ssm@ahuta.UUCP (s.modak)
Newsgroups: net.travel
Subject: Re: Foreign exchange
Message-ID: <624@ahuta.UUCP>
Date: Thu, 18-Apr-85 16:44:42 EST
Article-I.D.: ahuta.624
Posted: Thu Apr 18 16:44:42 1985
Date-Received: Fri, 19-Apr-85 01:30:06 EST
References: <1078@hound.UUCP>
Organization: AT&T Information Systems Labs, Holmdel NJ
Lines: 21

> Well, now that the doller isn't so strong...
> 
> How does one go about obtaining foreign currency when planning
> a trip?  Or is it better to wait and change money in the visited
> country?
> 
> Lynda

The best thing to do, from an economic point of view, is
to buy foreign exchange in the country of destination.
Unless things are completely topsy-turvy, you will always
get a better rate in that country than you will here.
However, it is a good idea to change some money here before
going to pay for porters, taxi etc. in case you land there
at an unearthly hour and all facilities are closed.

Also, the above is a good idea when going to a country with
exchange controls. Usually, in such places, a flourishing
blackmarket in foreign exchange exists. This is all
horribly illegal, but one can get higher rates of exchange
if one knows how!