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CURRENCY

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The cash question:
 Currency experts say these are some of the advantages and disadvantages of various ways to exchange money or pay for a purchase abroad.

 
Advantage
Disadvantage
ATM
Favorable exchange rates and fees Transaction fees add up on small withdrawals.
Bank
Might have more favorable exchange rates and fees than money-exchange outlets. Less favorable exchange rates and fees than ATM and credit cards; finding one that exchanges foreign money; limited business hours.
Money-exchange outlet
Convenient; open long hours; stocks numerous currencies. Less favorable exchange rates and fees than ATMs and credit cards.
Credit cards
Favorable exchange rates and fees; eliminates carrying cash for large purchases. Interest charge if you don't pay bill promptly; can be very costly for cash withdrawals.
Traveler's checks
Very secure; can be replaced if lost or stolen. Less favorable exchange rates and fees than ATMs and credit cards.

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