SEBASTIAN MARSHALL

Strategy Philosophy Self-Discipline Science Victory

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Airport currency exchange -- even worse than you'd have thought

I always knew currency exchange at the airport was a bad deal, but I never really calculated it out -- I just tried to avoid it.

I was passing through Haneda airport last night, and had a stack of Chinese RMB I wanted to sell to get Japanese Yen. 

The rate was 15% lower than the market rate. That's just one way. The selling Yen / buying RMB rate was similarly crazy.

To exchange $650 of RMB for Yen would have cost over $90.

That's nuts. You can get 1% or 2% at banks sometimes. A credit card with no foreign exchange fee (all Capital one cards, high-end Visa Signatures and AMEX cards) means you're getting 1% or 2% off the market rate. Worst-case scenario, you can et 5% pretty easily.

"Why And How I Started Travel Hacking (And Why You Should, Too)" by Algis Tamosaitis

Algis Tamosaitis is the author of "Rock Your Travel" and has graciously joined up for a GiveGetWin deal -- where you'll get a copy of his book, time to familiarize yourself with the basic concepts, and then he'll show you the ropes during an intimate session of helping you and a small group plan travel itineraries, make sure you're earning mileage, and answer all your questions so you're traveling in style.

"Why And How I Started Travel Hacking (And Why You Should, Too)" by Algis Tamosaitis, as told to Sebastian Marshall

I was exploring and experiencing the world from the very beginning.

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