Foreign exchange

Question

Which is a good place to get euros and pounds exchanged to USD in DC city centre

Answer

If you are looking to exchange euros or pounds for U.S. dollars in downtown Washington DC, you have several reliable options. It’s best to compare rates and fees, as they can vary significantly between providers.

Bank branches are generally safe and straightforward, though they may require an account or offer less favorable rates for walk-in customers. Currency exchange kiosks and specialized services tend to be more convenient but often have higher fees.

Banks: Large banks such as Bank of America, Wells Fargo, and PNC have downtown branches. They typically provide secure service, though the exchange rate may be slightly lower than specialized services. Bring your passport for identification.
Travelex Currency Exchange: Located in prominent areas including Union Station, this is convenient for tourists. They offer multiple currencies and are used to handling foreign travelers, but their rates include a service fee, so check ahead.
Currency Exchange International (CEI): Several locations in the city, including near Metro stops and tourist areas. Known for competitive rates and quick service.
Airports: Reagan National (DCA) or Dulles (IAD) offer currency exchange desks, but these often have the least favorable rates. Only convenient if you need cash immediately upon arrival or departure.

Additional Tips:

Check online or call ahead for rates and fees; some providers display rates on their websites daily.
Bring identification—usually a passport is required for transactions.
Consider using a credit card with no foreign transaction fees for larger purchases, as this can be more cost-effective than exchanging cash.
Avoid exchanging at hotels unless absolutely necessary, as rates are typically poor.

For convenience and decent rates in DC city centre, your best options are a downtown bank branch or a reputable currency exchange service like Travelex or CEI.

Foreign exchange

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