Full Article at: ” Issues with Using Credit Cards Internationally and Exchange Rate Information “ Continuing on the theme of Common Questions About Traveling (to Mexico): There are a group of questions that come up on expat forums whose answers don’t change, but it can take a ½ hour of typing to really answer the question well. This article describes the ins-and-outs of changing money in Mexico and the USA, how to get reliable exchange rates, and how the credit card, bank debit cards, and ATM systems work.
Some “expat experts” proclaim:
~~ Using a credit card will always give you the worst exchange rates anywhere in the world. ~~
~~ Credit cards always give the best exchange rates. ~~
~~ ATMs are the only way to go! ~~
~~ Where did you find exchange rates? ~~
~~ None of us have enough money to ever get the published rate. ~~
At first glance, this combination of statements seem to conflict with each other, but there are few vagaries of banks, credit cards, and currency markets that might unravel these knots:
The exchange rates printed in newspapers and posted on good sites like xe.com are the floating …
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Read the Full Article at: ” Issues with Using Credit Cards Internationally and Exchange Rate Information “
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© Steven M. Fry
Read on, MacDuff.