Euro, pound, krone, rupee, yen, peso ... no matter the currency or the country, anyone traveling abroad wants to get the best exchange rate for their dollars. When you’re looking for the best exchange rate, conventional travel wisdom tells you to use your credit card when possible since your bank can obtain a better foreign exchange rate than the ones you’re offered at an airport currency kiosk or local currency exchange. That’s because your bank is able to base your foreign exchange rate on a more favorable “interbank” rate, the one banks use to exchange currency amongst themselves. Pension...
Continue reading »