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I will be shortly travelling to the United States, and I just found some japanese Yen bills that were sleeping in a drawer, for a significant amount.

I would like to change them into US Dollars for the upcoming trip.

In order to get the most out of that sum, which currency exchange office along my route is likely to charge the smallest commissions, between the following places?

  • Geneva airport
  • New York City airports
  • Somewhere in NYC as we will be transferring between airports
  • Orlando airport
  • Somewhere in Orlando, any place that offers currency exchange
DavGin
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1 Answers1

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You always lose money when exchanging currency because of the bank overhead. Unless you have the old receipt (which with some companies allows you exchange back at a lower rate), then you want to limit the number of transactions.

Rather than exchanging Yen->Dollars (which for the company will be an internal Yen->Euro->Dollars), exchange Yen->Euro and deposit the money. Then in the USA, use a no-fee ATM card to withdraw your Euro as dollars. (This assumes you have a no-fee ATM card).

Alternately, find some departing Japanese tourists at the airport and offer to give them yen for the euro they no longer need.

RoboKaren
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