The best place to exchange foreign currency in the U.S. is at your local bank or credit union before you leave for your trip. What is the currency exchange rate? The currency exchange rate is the value of one country’s currency relative to another country’s currency. Exchange rates fluctuate 24/7. Do banks accept foreign currency in the US?
What is a currency exchange rate?
A currency exchange rate is simply the value of one country’s currency against another country’s currency. Like produce prices, the U.S. dollar’s value against the currencies of foreign countries like France, Canada and Mexico tends to fluctuate.
Where can I exchange currency for a trip abroad?
If you're looking to exchange currency for a trip abroad, major brick-and-mortar banks or credit unions can help you get different currencies at a fair exchange rate. You won't want to visit your nearest branch on a whim, though, as some banks do not offer exchanges.
