#ReadyForWorkdfbtrjykku

currency exchange recommendations in seattle area?

I have a bit of EUR I got for my birthday, cash. Not much, like 5k... is there an exchange place in seattle area that doesn't charge like 8% spread on the spot rate? thanks 310

Expedia Group nonaview Oct 7, 2023

try wells fargo (or wherever you bank)

#ReadyForWork
dfbtrjykku OP Oct 7, 2023

wells fargo i checked, they will tear 1 bill for each 10 i give them

Expedia Group nonaview Oct 7, 2023

not sure what that means. are you referring to the buy sell spread or do you mean they charge a 10% fee?

Investment Bank Glinda Oct 7, 2023

Don't go to an airport exchange kiosk. They make the Wells Fargo exchange rate seem reasonable. Airport exchanges take 30-40%.

#ReadyForWork
dfbtrjykku OP Oct 7, 2023

what's a usual spread from spot rate? I used to work for a bank as a teenager and they only charged like 2% spread over spot. I'm ok paying a little more, as long as is reasonable

Meta Dmtlsd Oct 7, 2023

You won't get good rates in Seattle. I was in the same situation and just waited until my next trip to Europe to exchange. The currency exchange competition in most US cities is too low to offer a competitive rate. Alternatively, if you go to Vancouver, you may also be able to get good rates there.