Is the exchange rate more favourable at money changer compared to banks?

Depends on many things like where you are, whether the money changer is a physical or Internet based etc.

An easy way to see if you are getting a good deal is to compare the spread between buy and sell. The smaller the difference in percentage terms, the better the deal is. And don%26#039;t leave it for the last minute. If, for example, you are at some place where there in just a money changer and no bank in site, then the money changer will give you a bad deal just because he can get away with it. So, plan ahead, and make the comparisons before you need to exchange money.

Is the exchange rate more favourable at money changer compared to banks?

Betty,

Affirmative yes ! Money Changer is always better. They are willing to take risk in the business whereas banks exchange is not their main business

Is the exchange rate more favourable at money changer compared to banks?

depends on where you are. most countries i%26#039;ve been to, the money changers give you a better rate of exchange than banks. never change money at the airport, they are the worst.

Is the exchange rate more favourable at money changer compared to banks?

Generally yes. Banks don%26#039;t survive on money changing, thus the rate they offer is normally lower than the money changers.

However, I found that this does not apply to credit card. When I used my credit card oversea, I found that the exchange rate is better.