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#1
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How do I exchange foreign currency?
Here's my problem. I have a little Canadian, a few Euros, some Mexican pesos,
and some British pounds. My bank, which I have gone to for 20+ years, wants a $15 fee to exchange the money. The whole total will only net me about $100 though, so that's 15%! That's absurd. I exchanged money virtually free in Europe! So, my questions a 1. How can I exchange my money without an exorbitant fee? 2. Where do I find a place that will accept coins, too. I have a substantial number of Euro coins--and I mean whole Euros, not Euro cents. This amounts to a lot of money. I want to exchange it but, again, my bank refuses; they told me they deal in paper currency only with foreign exchange. How can I do this? If anyone can help me, please do so! I will check the board but e-mail responses ) are greatly appreciated. -Jeff |
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#2
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IWCFVB wrote:
1. How can I exchange my money without an exorbitant fee? Call around to various moneychangers and banks and ask what their fee is. Go to the cheapest one. If you're in the San Francisco Bay Area, I could probably recommend a place. 2. Where do I find a place that will accept coins, too. Nowhere. Assuming you're in the US, I don't know of anywhere that exchanges coins. I keep all my foreign coins in a jar, and fish them out the next time I travel abroad. When departing a country, I also try to spend down my coins as much as possible -- snacks for the flight is my usual target. -- Bob |
#3
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You may find someone on here that will buy them, I would be interested in
the British Pounds and the Canadian Dollars, but none of the rest. I use them for eBay purchases. Dave -- emails to (myuserid).at.lycos.com Tir nam Beann, nan Gleann, s'nan Gaisgeach - Saor Alba A-Nis! "IWCFVB" wrote in message ... Here's my problem. I have a little Canadian, a few Euros, some Mexican pesos, and some British pounds. My bank, which I have gone to for 20+ years, wants a $15 fee to exchange the money. The whole total will only net me about $100 though, so that's 15%! That's absurd. I exchanged money virtually free in Europe! So, my questions a 1. How can I exchange my money without an exorbitant fee? 2. Where do I find a place that will accept coins, too. I have a substantial number of Euro coins--and I mean whole Euros, not Euro cents. This amounts to a lot of money. I want to exchange it but, again, my bank refuses; they told me they deal in paper currency only with foreign exchange. How can I do this? If anyone can help me, please do so! I will check the board but e-mail responses ) are greatly appreciated. -Jeff --- Outgoing mail is certified Virus Free. Checked by AVG anti-virus system (http://www.grisoft.com). Version: 6.0.737 / Virus Database: 491 - Release Date: 8/11/04 |
#4
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Try a local airport if it's an international one. They usually have a
moneychanger there. The fees are often cheaper than at most banks. A friend was able to convert about 5000 French francs much more cheaply there than at a bank. "IWCFVB" wrote in message ... Here's my problem. I have a little Canadian, a few Euros, some Mexican pesos, and some British pounds. My bank, which I have gone to for 20+ years, wants a $15 fee to exchange the money. The whole total will only net me about $100 though, so that's 15%! That's absurd. I exchanged money virtually free in Europe! So, my questions a 1. How can I exchange my money without an exorbitant fee? 2. Where do I find a place that will accept coins, too. I have a substantial number of Euro coins--and I mean whole Euros, not Euro cents. This amounts to a lot of money. I want to exchange it but, again, my bank refuses; they told me they deal in paper currency only with foreign exchange. How can I do this? If anyone can help me, please do so! I will check the board but e-mail responses ) are greatly appreciated. -Jeff |
#5
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#6
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For the coins, either sell them to a coin collector, or sell them to the
next person you know who is traveling to Europe. B.J. IWCFVB wrote: Here's my problem. I have a little Canadian, a few Euros, some Mexican pesos, and some British pounds. My bank, which I have gone to for 20+ years, wants a $15 fee to exchange the money. The whole total will only net me about $100 though, so that's 15%! That's absurd. I exchanged money virtually free in Europe! So, my questions a 1. How can I exchange my money without an exorbitant fee? 2. Where do I find a place that will accept coins, too. I have a substantial number of Euro coins--and I mean whole Euros, not Euro cents. This amounts to a lot of money. I want to exchange it but, again, my bank refuses; they told me they deal in paper currency only with foreign exchange. How can I do this? If anyone can help me, please do so! I will check the board but e-mail responses ) are greatly appreciated. -Jeff -- B.J. Herbison / / http://www.herbison.com/herbison/bj.html The Next Asylum / 203 Long Hill Road / Bolton, MA 01740-1421 / +1 978 634-1061 |
#7
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Good recommendation, but instead of "spending down" what remains, it can be
exchanged into US $ at the airport bank. They will take anything, including cents, and the agio is only 2%. Tony "Bob Flaminio" wrote in message ... IWCFVB wrote: 1. How can I exchange my money without an exorbitant fee? Call around to various moneychangers and banks and ask what their fee is. Go to the cheapest one. If you're in the San Francisco Bay Area, I could probably recommend a place. 2. Where do I find a place that will accept coins, too. Nowhere. Assuming you're in the US, I don't know of anywhere that exchanges coins. I keep all my foreign coins in a jar, and fish them out the next time I travel abroad. When departing a country, I also try to spend down my coins as much as possible -- snacks for the flight is my usual target. -- Bob |
#8
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A.E. Gelat wrote:
Good recommendation, but instead of "spending down" what remains, it can be exchanged into US $ at the airport bank. They will take anything, including cents, and the agio is only 2%. But then I don't get my snacks! -- Bob |
#9
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Except for large value coins, I tend to just keep whatever small change I
get. I came back home from Ukraine a few years ago with a ziploc bag full of Ukrainian change that is not worth much until you look at the inflated prices in the Krause catalog. I guess not many people go to Ukraine or bring money back. I kept quite a few Polish coins from that trip too, but only 3-4 Dutch coins. Dave "One month, three countries, and hundreds of coins" -- emails to (myuserid).at.lycos.com Tir nam Beann, nan Gleann, s'nan Gaisgeach - Saor Alba A-Nis! "A.E. Gelat" wrote in message ... Good recommendation, but instead of "spending down" what remains, it can be exchanged into US $ at the airport bank. They will take anything, including cents, and the agio is only 2%. Tony "Bob Flaminio" wrote in message ... IWCFVB wrote: 1. How can I exchange my money without an exorbitant fee? Call around to various moneychangers and banks and ask what their fee is. Go to the cheapest one. If you're in the San Francisco Bay Area, I could probably recommend a place. 2. Where do I find a place that will accept coins, too. Nowhere. Assuming you're in the US, I don't know of anywhere that exchanges coins. I keep all my foreign coins in a jar, and fish them out the next time I travel abroad. When departing a country, I also try to spend down my coins as much as possible -- snacks for the flight is my usual target. -- Bob --- Outgoing mail is certified Virus Free. Checked by AVG anti-virus system (http://www.grisoft.com). Version: 6.0.737 / Virus Database: 491 - Release Date: 8/11/04 |
#10
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From: iwcfvb
Here's my problem. I have a little Canadian, a few Euros, some Mexican pesos, and some British pounds. My bank, which I have gone to for 20+ years, wants a $15 fee to exchange the money. The whole total will only net me about $100 though, so that's 15%! That's absurd. I exchanged money virtually free in Europe! So, my questions a 1. How can I exchange my money without an exorbitant fee? 2. Where do I find a place that will accept coins, too. I have a substantial number of Euro coins--and I mean whole Euros, not Euro cents. This amounts to a lot of money. I want to exchange it but, again, my bank refuses; they told me they deal in paper currency only with foreign exchange. How can I do this? Short answer: eBay. 8-| - Coin Saver |
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