Not everywhere takes credit or debit cards so another option is to withdraw cash from a local ATM. This has the same advantage as using a credit card, that of getting the wholesale exchange rate, plus the fact that you can get local currency from the machines.
Again, find out any daily /weekly/ monthly limits your bank imposes on transactions.
Disadvantages are, again, the fees charged. There is the usual currency exchange fee, plus a handling fee (a flat fee of a few dollars/pounds, or a percentage 2-4%, again, per transaction).
In addition, bear in mind that if you [...]
(click here to continue reading ››)
