Introduction
When traveling internationally, one of the most important considerations is currency exchange. Many travelers make the mistake of exchanging their money at airports and hotels, assuming it is the most convenient option. However, this often results in poor exchange rates and high fees, reducing the value of your money.
If you’re in Calgary and need to exchange currency, Express Forex Services is your best option. Located at 1243 – 12 Ave SW, T3C 3R8, Calgary, Alberta, we offer competitive exchange rates with low fees, ensuring you get the best value for your money. Contact us at 403.261.6994 for hassle-free currency exchange services.
The Problem with Airport Currency Exchanges
1. Poor Exchange Rates
Airport currency exchange kiosks take advantage of travelers who need quick access to foreign currency. Since most people arriving or departing have limited options, airports often inflate exchange rates to make higher profits. The difference between the interbank rate (the real market rate) and the rate offered at airports can be significant, costing you more money than necessary.
2. High Service Fees
Most airport exchange services charge additional fees on top of unfavorable exchange rates. These fees may be hidden in the rate itself or added as a separate service charge. Either way, travelers end up losing a significant amount of money compared to other exchange options.
3. Limited Currency Options
While airports stock major global currencies, they often lack less common currencies. If you’re traveling to a country with a less popular currency, you may have to exchange money twice, increasing costs even more.
4. Time Constraints and Pressure
Travelers are often in a hurry, making them less likely to compare rates. Airport exchange counters take advantage of this by offering rates that are much worse than market rates. Without enough time to research better alternatives, many travelers end up losing money.
Why You Should Avoid Hotel Currency Exchange
1. Even Worse Rates than Airports
Hotels often offer even worse exchange rates than airports because their primary business is hospitality, not finance. Since they are providing an additional service to guests, they usually apply a heavy markup, ensuring they profit significantly.
2. Limited Cash Availability
Hotels do not have the same volume of foreign currency as dedicated exchange providers. If you need to exchange a large sum, they may not be able to accommodate your needs, leaving you with limited options.
3. Higher Commission Fees
Unlike banks or professional currency exchange providers, hotels usually charge high commission fees to cover the costs of handling currency exchanges. These fees can take a significant portion of your money, reducing its value.
4. Inconvenient Hours
Most hotel currency exchange services are only available during specific hours, meaning you might not be able to exchange money when you need it. Unlike professional forex services, hotels are not open 24/7 for currency exchange transactions.
The Best Alternative – Express Forex Services
If you’re in Calgary, the best way to exchange currency is through a professional forex provider like Express Forex Services. Here’s why we are the preferred choice for locals and travelers alike:
1. Best Exchange Rates in Calgary
At Express Forex Services, we offer market-competitive rates that are much better than what you’ll find at airports and hotels. Since we specialize in currency exchange, we stay updated on global rates and provide the best possible exchange value.
2. Low or No Service Fees
Unlike airport and hotel exchanges that charge high commissions, Express Forex Services keeps fees to a minimum. In many cases, we offer zero service fees on major currency exchanges, helping you save more.
3. Wide Selection of Currencies
We stock a diverse range of currencies, including both major and minor currencies. Whether you need USD, Euros, British Pounds, Japanese Yen, or more exotic currencies, we can accommodate your exchange needs quickly.
4. Convenient Location and Hours
Located at 1243 – 12 Ave SW, T3C 3R8, Calgary, Alberta, Express Forex Services is easily accessible for locals and travelers. We operate on convenient hours, allowing you to exchange currency without the stress of airport or hotel restrictions.
5. Safe and Secure Transactions
When dealing with large sums of money, security is essential. Our professional forex service ensures that all transactions are conducted in a secure and transparent manner, giving you peace of mind.
6. Fast and Efficient Service
We understand that travelers and businesses need quick currency exchanges. Our streamlined process ensures that you get your money exchanged quickly and hassle-free without long wait times.
Additional Tips for Getting the Best Exchange Rate
1. Plan Ahead and Exchange Money Before Traveling
One of the best ways to avoid poor exchange rates is to exchange money before your trip. Visit Express Forex Services in Calgary and get the best rates before you leave.
2. Compare Rates Online
Always check exchange rates before making a transaction. You can call us at 403.261.6994 to inquire about the latest exchange rates and compare them with banks and other services.
3. Avoid Using Credit Cards for Cash Advances
Credit card cash advances come with high fees and unfavorable exchange rates. Instead, carry local currency obtained from a trusted forex provider.
4. Use Local ATMs in Destination Countries
In some cases, withdrawing money from local ATMs can be more cost-effective than airport or hotel exchanges. However, be mindful of international transaction fees.
Conclusion
Airport and hotel currency exchanges are some of the worst places to exchange money due to poor rates and high fees. If you’re looking for the best value, avoid these options and instead use a trusted forex provider like Express Forex Services in Calgary.
Visit us at 1243 – 12 Ave SW, T3C 3R8, Calgary, Alberta, or call 403.261.6994 for the best exchange rates and lowest fees. Don’t let poor exchange rates eat into your travel budget—choose Express Forex Services and get the most out of your money!