Understanding Currency Exchange

What should you check before traveling to another country?

• Hotel prices

• Local weather

• Exchange rate of your currency

• Shopping malls

What does the exchange rate tell you?

• How much money you can withdraw

• How expensive a hotel is

• The cost of goods in your home country

• The value of your currency against another

Where are exchange rates usually better?

• Airports

• Hotels

• Banks and post offices

• Tourist shops

What is the best way to get foreign currency during your trip?

• From a hotel

• At an ATM

• In a shopping center

• From a street vendor

Why should you check with your bank before traveling?

• To change your currency at the airport

• To know the price of goods

• To see if your ATM card works abroad

• To find tourist attractions

Where are exchange rates usually lower?

• In your home country

• At hotels

• At an ATM

• At restaurants

What should you use a credit card for?

• Buying souvenirs

• Paying hotel bills and tickets

• Exchanging currency

• Buying local currency

What is a possible risk of using a credit card abroad?

• Low exchange rate

• Expired card

• Additional fees for foreign transactions

• Lost PIN

What does the text suggest you check regarding your credit card?

• If it is gold or platinum

• If your bank allows you to pay in dollars

• If there is a fee for foreign transactions

• If it works at ATMs

What does the VISTA card transaction show as a fee?

• Hotel bill

• Foreign transaction fee

• Interest rate

• Service charge