Tips to avoid currency exchange scams in Asia
Tips to avoid currency exchange scams
1. Do your home work
The currency exchange rates are set daily. If you were offered with any lower rates, you’re most probably exposing yourself to scams. Check the latest currency exchange between the your country against the country you are travelling to.
A great resource to find currency exchange rate in Asia.
Click below to convert.
2. Avoid money changer at the Airport
Taking advantage of ad hoc currency needs, licensed money changer in the airport usually applies higher exchange rate. It may due to the high booth rental in airport.
3. Avoid money changer at the Borders
You would always been told that the exchange rate was better at the border comparing to the city. Do your research to avoid falling into this scams.
4. Avoid currency exchange from unauthorized money changers
If possible, try to exchange currency at a proper bank.
5. Follow the regulation in your travelling country
In some Asia countries, China for example, a passport is required to exchange money. Hold on to your exchange receipt, which you need to convert your extra local currency back.
admin :: 29 Nov 2007 :: Asia Travel ::
I’d get a traveler’s card wit ha certain $ amount alloted to it and exchange all the cash I can in my country of origin.
Might lose some money that way, but keeps you safe in the long run.