The best option for exchanging money on Sunday is usually the banks mentioned earlier. However, if you are not able to find a bank or don’t have any other options, then you can try hotels and airports. Almost all international airports’ currency exchange kiosks are open 24X7.

What is the difference between currency exchange and foreign exchange (FOREX)?

  1. Bitcoin is a digital asset, not a currency
  2. Bitcoin transactions are irreversible
  3. Bitcoin is not backed by any government or financial institution

Points that should be kept in mind before going to the currency exchange counter?

Think over your purpose – 

Before exchanging your currencies at an airport or hotel, think about the purpose for which you will be using them. If you are just traveling and need to use your local currency to buy goods or services, then go to an airport or hotel. But if you are working in a foreign country and want to save money, it is better not to do it at airports or hotels. Because airports used to charge very high transaction fees and offer low exchange rates. Better, go to the bank branch or credit union because they can offer the best possible rates.

Check Rates Before-Hand –

If you’re planning to travel to a new destination, it’s a good idea to keep an eye on the exchange rates prevailing in the market. Many incidents of fraud are being heard these days, especially when you do currency exchange on a counter run by an individual person or private agency.

Ask your bank in advance –

If you’re traveling to a country where there are no foreign ATMs, you should take the exchanged currency in cash with you.

Are there other alternatives that can satisfy the need for cash in a foreign country?

Cash is not the only option for exchanging currency when traveling. There are other options available that can be used as a replacement for cash, such as traveler’s checks or money orders.

The traveler’s check is a convenient way to carry your money while on the go. It looks like any other check, but the only difference is that it can be encashed into a foreign currency while regular checks are encashed into the same (national) currency. This makes it easy to carry a single piece of paper with you rather than carrying a large stack of currency notes.

If you’re looking for a credit card that won’t charge you any extra fees when exchanging your currency, be sure to check out some of the best foreign transaction fee-free cards on the market. Some great options include the American Express Platinum Card, Hilton Honors American Express Surpass Card, Discover It Cash Back Card, and more. ..

Debit cards are a great option for those who don’t want to pay an annual fee on their credit card. They also come with no foreign transaction fee, which is a huge advantage.

Conclusion – 

There are a few banks and some agencies that are open on Sunday for currency exchange business for limited hours, but don’t wait for the last moment. It’s always better to exchange the currencies in time as you wouldn’t have to rush to the airport a few minutes before your journey and spend an extra penny from your pocket to pay the high transaction fees. Exchange them at the bank a few days before your travel date & enjoy your journey in a relaxed mood.