Do they charge commission fee for money exchange in Moscow? [closed]
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I will carry EURO with me.
How is the airport? I guess it is bad price?
Best Answer
The airport exchange rate is usually not very good; there are, however, a lot of exchanges in Moscow proper, and will have signs outside their offices listing the current exchange rate, but be aware that many of them won't speak any language other than Russian. You'd probably have more luck finding someone who speaks English/other languages at one of the national banks, but the exchange rate won't be as competitive, and you might have to wait a while.
Also, be aware that money exchange places in Moscow tend to be very, very picky in terms of what bills they're willing to accept; I'm usually coming from the US, and they will only accept $20 bills, and those bills have to be immaculate. No writing, no tears, no ink stains, and no creases/wrinkles. I'm not sure if they're quite as picky at the national bank branches. I go through the money I'm going to bring to Moscow before I leave, and I usually end up having to exchange 2/3s of the bills I get from a typical ATM for other bills.
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Do currency exchanges charge fees?
A currency conversion fee is typically 1% of the purchase price. It is levied by the credit card payment processor (usually Visa, MasterCard, or American Express) or ATM network and often passed on to you as part of the foreign transaction fee.Where can I exchange money without fees?
Banking 101: Where to Exchange Currency Without Paying Big Fees- Exchanging currency.
- Ways to skip big fees. Check with your local bank or credit union. Get cash from an ATM. Use your credit card. Order currency online. Airport kiosks. Traveler's checks. Street vendors.
How do you avoid high currency conversion fees?
In this article:Currency Rate Today || Western Union Online FX|| Send a Money Transfer | Foreign Exchange
More answers regarding do they charge commission fee for money exchange in Moscow? [closed]
Answer 2
Most bureaux de change around the world advertise their commission as 0% and make profit through the difference between the advertised exchange rate and whatever is the Central Bank's exchange rate on that day.
Your best bet is to use a website to compare all of the exchange spots in Moscow and find the one with the best exchange rate.
Sources: Stack Exchange - This article follows the attribution requirements of Stack Exchange and is licensed under CC BY-SA 3.0.
Images: Karolina Grabowska, Karolina Grabowska, Matthias Groeneveld, Matthias Groeneveld