BEWARE WHEN EXCHANGING MONEY

Discussion in 'Travel Tips & Advice' started by magan, May 15, 2005.

  1. magan

    magan Well-Known Member

    The following is from Praque Post newspaper:

    WHAT TO WATCH FOR

    • Most rates posted outside are for selling crowns, whereas most customers are tourists who are buying crowns

    • Boards inside must post all rates, but watch for the small print. The best rates apply only to large transactions

    • Some offices hand you a map with your cash. It's not free. Return it and ask for your money back

    • Changing euros to U.S. dollars involves two transactions: any foreign currency must first be converted to crowns, then is converted to another foreign currency

    • Applying the U.S. dollar rate to a euro transaction, which can cost travelers 20 percent more
     

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