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> Most tourists head to an exchange window, turn their USD into the local currency, and therefore those exchanges have got our genuine Benjamins to do whatever
by rsynnott 2y ago
> Most tourists head to an exchange window, turn their USD into the local currency, and therefore those exchanges have got our genuine Benjamins to do whatever with.
… Wait, really, in 2025? You’d likely be far cheaper using an ATM (tip: get a Wise or neobank account; they’ll generally give better rates on this. Revolut FX is _free_ except on weekends). Physical currency exchange has never been cheap, but these days it’s a serious ripoff.
> And USD is highly-favored, highly-negotiable money everywhere in the world, as of April 2025 anyway.
It fell 2.5% vs the Euro yesterday. Which is going to make the physical currency places into even more of a ripoff, because they’re going to have to significantly increase their risk premium; it has become rather volatile over the last month.