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⍰ ASK How competitive are the exchange rates offered by USA-based services?

In the USA, the competitiveness of exchange rates depends on where you go. Banks and big financial companies might have good rates, especially if you're one of their account holders. Currency exchange offices, like the ones at airports or in big cities, are easy to find but might not give the best rates because of their higher costs.

Online platforms and phone apps can offer good rates, and some even show real-time market rates. Peer-to-peer exchanges, where people trade directly, might have unique and possibly better rates.

ATMs are convenient, but their rates can differ, and you might get hit with extra fees. It's super important to compare rates and fees from different places before you swap currencies. And don't forget to watch out for sneaky fees or extra charges to get the full picture of how much your currency exchange might cost.
 

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