Exchanging money on the return trip
Another opportunity to save money when traveling internationally happens on the return trip. Since many places outside the U.S. commonly use coins in fairly large denominations, you could wind up with a wallet full of coins toward the end of your trip. Most U.S. banks won’t let you exchange foreign coins for U.S. currency. This means that it pays (literally) to either convert your currency back into dollars before returning, or to change as many foreign coins as possible into foreign paper money before returning to the U.S. That way you won’t end up with money that is pretty much only useful as a souvenir. (Although, foreign money in small amounts IS nice as a souvenir, especially for kids who tend to find it fascinating.)
If you like this article, please visit my new home at www.moneycrush.com or subscribe to the new RSS feed. Thanks for visiting!
Related Websites- Where is your money going? The stock market was down a little today but over the last few months the trend has been upward. As a matter of fact, from...
- How to Set New Financial Goals No matter how old you are, or how much money you have in the bank, it is never too late to start setting new financial...
- Money Mistake Monday - Not Paying Enough In Taxes Syndrome. For the first time that I can remember, I owed money to the IRS for 2007 for underpayment of taxes. Granted, I should have known...


