Never go for the Airport currency Vendors
Generally, when you are in a hurry to get your flight and observe that the foreign currency bills are missing then the only solution comes to your mind is to get it exchanged from the airport vendors. It is really not a good idea at all, although at the last moment you are not able to go to a Currency Exchange Toronto and get it done but it is really not a smart idea to get yourself to the slaughter and ripped you.
Highest rates
At these vendors you will get the highest exchange rates that will not be anywhere in the market, these rates will not be too much higher but have the difference in points. And this point difference will count on you when you get a huge amount exchanged and it will be a little larger than your actual total. Most of the time they do not go with the live rates but the highest rate of the week or the month and that will remain the same for a long time and you have to go with the least updated currency exchange rate.
Overcharge
Along with the high rates than the normal and the outdated currency exchange rate chart, they also overcharge you. If you are in too much hurry then there will be some special service charges added to your total as they will pretend to arrange the currency especially for you on the urgent basis. This will be another burden on your pocket that you have to bear at any cost.
Commission added
Other than the emergency charges, there is a commission added to your total sometimes it is also called the service charges in order to make sure that you have got the best services over here. And remember that this is except the other things that have already been added to your total. It means that you are going to pay almost 20% to 30% more than the real amount of currency to the airport vendor.
Monopoly
If you are stuck in the airport then you do not have any other option now, as these are the monopoly and you cannot beat it. At last, you have to take help from them if you want to carry some foreign currency with you.
Look for the approximate solution!
That’s why it is recommended to have your money exchanged earlier and keep it with you safely when you are going for your flight. And if by chance you were not able to get it done then the other thing you can do is to find out the better solution for that. This could be taking the online transfer service from the currency exchange services provider or the direct currency delivery on the airport or at your home on the urgent basis. They will provide you the rapid services but do not put extra charges on your total.
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