Why You Should Never Exchange Money at the Airport

You just landed in a new country, and you need local cash fast. The easiest option? That brightly lit currency exchange booth right by baggage claim. But before you hand over your money, know this: exchanging currency at the airport is almost always a bad deal. While it seems convenient, it comes with some of the worst exchange rates and hidden fees. Here’s why you should avoid airport currency exchange—and smarter ways to get foreign cash.

Terrible Exchange Rates (And Why They’re So Bad)

Airport currency exchange kiosks take advantage of travelers who need cash immediately. Because they know you’re in a rush, they offer exchange rates that are significantly worse than what you'd get elsewhere.

These booths add a hefty markup on the real exchange rate (the one banks and financial markets use). That means you’re paying way more for your foreign currency than you should—sometimes losing 10–20% in the process.

Hidden Fees Make It Even Worse

On top of bad exchange rates, many airport kiosks charge high service fees or commission charges. Some even claim to offer “zero commission” but make up for it by inflating their exchange rates even more.

Bottom line: Whether it’s a direct fee or a hidden one, you’re losing money.

ATMs Are a Much Better Option

If you need local currency, withdrawing from an ATM is usually the cheapest and easiest way to get it. Most foreign ATMs offer much better exchange rates than airport kiosks, even if there’s a small withdrawal fee.

To save even more, use a debit card that offers no foreign transaction fees and reimburses ATM fees. Many travel-friendly banks and credit unions provide these perks.

Credit Cards Are Often the Best Choice

For most purchases, a credit card with no foreign transaction fees is the best way to pay. You’ll get near-perfect exchange rates without having to carry a lot of cash.

Just be sure to choose the local currency if a store asks whether you want to be charged in your home currency—dynamic currency conversion is another sneaky way to overcharge you.

If You Must Exchange Cash, Do It the Smart Way

Sometimes, you need cash before you find an ATM. If that’s the case, follow these tips:

• Exchange a small amount at the airport—just enough for transportation.
• Compare multiple exchange booths (some may have slightly better rates).
• Avoid exchanging money at your departure airport; wait until you arrive in your destination country.
• Find a bank or official currency exchange in the city for better rates.

The Verdict: Skip the Airport Kiosks

Unless it’s an emergency, avoid exchanging money at the airport. ATMs and credit cards offer better rates and fewer fees, saving you money for the actual trip. A little planning goes a long way—so don’t let bad airport rates eat into your travel budget.