Q: Why buy foreign currency before I travel? A: Because it can take a lot of time, and rip-offs abound, especially in major tourist areas. Business hours and holidays are not the same in other countries, and banks there may be closed when you least expect it. Also, many countries have no currency exchange facilities in airports, railroad stations, and other points of entry. How will you get from the airport to where you're going if you can't change any money? When exchange facilities are available at the airport, lines are often long, and rates are often high. Your travel time is very valuable, and you don't want to spend it searching for a bank. Changing money before you go buys you peace of mind and valuable vacation time.
Q: What do I do with leftover currency?A: We will buy it back from you at the current day's buyback rate. Save the receipt from your original purchase, and we will be happy to waive the fee. We do not accept coins, with the exception of Euro 1 & 2 coins, and Pound 1 & 2 coins.
Q: Why do newspapers and online currency converters offer lower exchange rates?A: The rates you see in the newspaper and on "currency converters" are for exchanges between banks, usually for transactions of $1,000,000 and over. These are called interbank rates and are not available to the public. Actual currency is more expensive because of the handling costs involved for shipping, security, etc.
Q: Why don't I just go to a bank here in the States and change money for my trip? Have you ever tried this? Outside of major cities like New York and Los Angeles, foreign exchange is a small business for U.S. banks. Most branches don't keep foreign currency on hand, and orders must be placed weeks in advance.
Q: Do you buy coins?A: We buy only the following coins: Euro 1,& 2 coins and Pound 1,& 2 coins.
Q: What do I do with my outdated currency?A: Some outdated currencies can still be exchanged at a discounted rate. Call to ask about your specific currency.