How to deal with money changers when you travel

by Dave from The Longest Way Home ~ June 22nd, 2009. Updated on February 2nd, 2011. Published in: Travel blog » How to guides ....
Iranian Money changer counting his notes

Iranian Money changer counting his notes

Dealing with money changers when you travel

If you plan on traveling to another country, then you’re going to need some different money. The kind that you may have never seen nor dealt with before.

I’ve just published a new page on this website in my travel resources section dealing with the subject. To give you an idea on what’s covered; here are the headings and an extract.

The full in-depth article is here  How to change money when traveling

What if you can’t get any before you leave?

Pesos from the Philippines

Peso's from the Philippines

Changing money at a border

How to deal with a horde of money changers

When to sell your left over cash?

What type of FOREX to use in a town?

Haggling over a few cents

Things to watch out for


What type of FOREX to use in a town?

In nearly every town or city there are money exchange stores. Some are nationalized or private banks, others official agents, others semi official, others still are back alley black market stalls. And of course there’s the horde of people found on the street around these establishments. Which one to use though?

If one is not comfortable in dealing with street sellers, or those strange dark little buildings with dollar rates painted on the side: then I would just go to a bank. The rates will be worse, but you will feel more secure.

For me I enjoy the banter of the run down back alley money changers. The rates are usually better than the banks and better than the street dealers.

In West Africa the whole process is quite a sit down affair. Pleasantries are exchanged, and a bit of haggling takes place.

In Iran it’s often done in a Bazaar. I changed money in a gold Market with extreme ease and got a host of great stories from the owners.

In Asia its more of rush in and talk to a person behind an iron grill or glass window.

Either way I choose a money changer I am comfortable with.

Read the full article here: How to change money when traveling

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