Exchanging Foreign Currency in New York City

• Exchanging your foreign cash or Traveler's Checks for American cash can easily (though sometimes expensively) be done at Currency Exchange Offices and many of New York City's larger banks.
• Typically you'll get the best rate for buying U.S. dollars once you arrive in the U.S.
• It often makes sense to exchange in bulk -- commission rates often decline as the amount of money exchanged increases.
• Some currency exchange offices offer free (or inexpensive) buy-back programs. Even with popular chains, you will probably have to do the buy-back at the location of the original transaction in order to get the favorable rate.
• Exchange rates are typically better in the city than at the airport currency exchange locations.