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International Currency Exchange Scam for RVers & all Travellers

1,053 views · Published 29 September 2016 · 4:23 · Indexed 25 October 2026

Channel: Linescrew1 · 2016 · People & Blogs

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Since the majority of RVers eventually cross an international border in their travels, I thought it was a wise time to discuss the buy/sell spread currency conversion problem that few of the RV people have ever discussed here on YouTube (since many of them cannot or do not cross any borders). 

I bought a few hundred Euros today to just have a little pocket money when I arrived in Paris in a few days (for tips and small purchases, etc).  A German friend of mine was talking to me on the telephone today about the HUGE buy sell spread...and I was not aware on how big that gap had become.

I remember in the 80's the retail buy sell spread between the American and Canadian dollar was just a few percent. Now the big banks have taken the lead into widening that spread...

A 8-13% spread is becoming common! Beware! Ask before you convert $5K in dollars or Euros, etc....

My advice is to shop around.  The more cash you are converting , the more you need to shop around.  Obviously converting a few hundred bucks isn't worth the hassle of shopping around...but be careful when you are in Canada and the USA on that trip.  I cross the border more than most RV people and I wasn't even aware of how big the spread had become.  So I try to keep a little US cash tucked away for my trips to America.

In the meantime, keep your wheels on the ground and I will see you all in Europe!  C''est la vie YouTube!

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