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Exchanging Money in Miami

Exchanging Money in MiamiThe financial industry hides the fact that you lose money each time you change it. On average, at a bank you lose 8 percent when you change euros to dollars. When you use currency exchange booths at the airport, you lose around 15 percent. If you must change cash in United States, banks usually have the best rate. Before you travel, get some U.S. dollars from your bank, and ask them which banks in the United States offer the lowest fees.

You won’t have trouble finding an ATM in Miami, but be aware, there are high fees to retrieve money. There is an ATM usage fee, plus a currency exchange fee. Also note, the ATMs inside shops, bars, and gas stations charge the highest fees.

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