Introduction
Whether you’re visiting Dallas for business or leisure, finding the best currency exchange options can help you save money and avoid unnecessary fees.
While airports like Dallas/Fort Worth International Airport (DFW) offer convenient exchange services, their rates often come with higher markups. Alternatively, banks, currency exchange bureaus, and even select ATMs provide more competitive rates, though availability and fees vary.
In this guide, we’ll highlight the top places to exchange currency in Dallas, compare rates and fees, and share expert tips to help you get the best deal on your exchange.
Understanding Currency Exchange Rates
Currency exchange rates can fluctuate significantly, affecting how much foreign currency you receive in return for your money. Several factors influence these rates, including:
Factor | Effect on Currency Value |
Supply and Demand | High demand tends to increase the currency’s value. |
Economic Conditions | A strong economy often leads to a stronger national currency. |
Political Factors | Political instability can cause currency values to decrease. |
In addition to the daily fluctuations in exchange rates, each currency exchange provider offers its own rate, which may differ from others. Banks, currency exchange offices, and airports are common locations where you can exchange currency, but it’s important to compare rates and fees across providers to get the best deal.
It’s also essential to watch out for hidden fees or unfavorable rates that some services may offer, especially at airports or tourist hotspots. To help ensure that you’re getting the best deal, it’s wise to use online tools to compare current exchange rates or visit multiple locations.
Top Currency Exchange Services in Dallas
Dallas has several currency exchange services that cater to both residents and travelers. Here are some of the top options for exchanging currency in the city:
1. Currency Exchange International (CXI)
Currency Exchange International (CXI) has multiple locations throughout Dallas and aims to provide a convenient currency exchange experience.
Benefits: CXI offers on-demand foreign currency exchange for the most popular international currencies. They also issue Multi-currency cash passports, prepaid MasterCards, and cash American Express foreign and US traveler’s cheques, and sell bullion. CXI is open seven days a week and has an exchange rate card that may beat local banks or airport rates. Their CXI City Center branches offer a Best Rate Guarantee, promising to match or beat any local bank’s rate for the same currency and amount on the same day and time of the exchange.
2. Travelex Currency Services
For those seeking a swift currency exchange in Dallas, Travelex Currency Services provides a hassle-free experience. You can simply place your order online and pick up your currency at any Travelex location in Dallas. Additionally, Travelex offers cash and Prepaid MasterCards for international travel.
Benefits: You can order currency online and collect it from a Travelex store in Dallas. Travelex also offers cash or prepaid MasterCards for overseas trips.
3. Altour American Express
Avoid the wait associated with bank currency exchanges or local money changers by choosing Altour. With competitive rates and more than six locations in Dallas, Altour provides reasonable exchange rates for currency exchange. Travelers can also select American Express gift cards for use in any store or to share with friends and family.
Benefits: Altour has multiple locations in Dallas and provides American Express gift cards.
4. Texas Currency Exchange
Texas Currency Exchange is a solid choice for both locals and tourists seeking to exchange currency in Dallas. They facilitate the buying and selling of over 70 different currencies. With competitive rates, no need for an appointment, and the requirement of proper identification, Texas Currency Exchange ensures that customers can receive their cash quickly, often within minutes.
Benefits: They offer competitive rates and provide cash in minutes with proper ID and no appointment needed
5. ICE Currency Exchange
ICE International Currency Exchange is a convenient option for travelers looking to exchange currency at Dallas Fort Worth International Airport. ICE offers over-the-counter currency exchange services with a wide selection of foreign currencies available. Customers can quickly complete their transactions without the need for an appointment, making it a reliable choice for travelers in need of prompt service.
Benefits: ICE Currency Exchange has several convenient service points at Dallas Fort Worth International Airport (DFW)
6. Amegy Bank
Amegy Bank is a reliable banking option for individuals and businesses in Texas, offering a variety of services including foreign currency exchange. Customers can benefit from on-the-spot exchange for popular foreign currencies at select branches.
Benefits:Known for the reliable foreign currency exchange services
Locations
2501 N Harwood St #201, Dallas, TX 75201
Open Hours:
Monday to Friday: 8:00 AM – 5:00 PM
Saturday and Sunday: Closed
Contact Information:
(214) 754-6311
Website: https://www.amegybank.com/personal/
Tips for Getting the Best Exchange Rates
Compare Rates: It’s always a good idea to compare rates from different currency exchange providers before committing. Some offer better rates than others, even within the same city.
Use Online Tools: Websites and apps that monitor live exchange rates can help you determine the best time to exchange.
Avoid Airport Exchanges: While convenient, airports typically offer the least favorable exchange rates.
Be Aware of Hidden Fees: Some services may advertise low rates but charge high fees, so it’s essential to factor these into your calculations.
Alternative Currency Exchange Method
If you want to avoid traditional currency exchange services, here are a couple of alternatives:
ATMs: Many ATMs in Dallas allow you to withdraw foreign currency, though fees may apply. Be sure to check your bank’s international withdrawal fees before using this method.
Prepaid Travel Cards: Many travelers opt for prepaid travel cards that can be loaded with foreign currencies. This option may offer better rates than traditional exchange services and can be used like a regular debit or credit card.
Common Mistakes to Avoid When Exchanging Currency
Not Comparing Rates: Failing to compare rates between providers can result in you losing money on your exchange.
Exchanging Currency at Airports: While convenient, the exchange rates at airports are typically poor.
Not Notifying Your Bank of Travel Plans: Failing to inform your bank about your travel plans can result in issues with your card while abroad.
FAQs
What is the best place to exchange currency in Dallas?
Currency Exchange International (CXI) and Travelex are two of the best options in Dallas for competitive rates and convenient locations.
Are airport currency exchange services reliable?
While airport services are convenient, they typically offer higher fees and less favorable exchange rates than other options in Dallas.
How can I avoid high fees when exchanging currency?
Compare rates and fees across different providers. Avoid exchanging currency at airports, and consider using ATMs or prepaid travel cards as alternatives.
Is it better to exchange currency before or after arriving in Dallas?
It’s usually better to exchange currency before arriving if you can find a competitive rate. However, if you must exchange after arrival, look for local exchange offices with good rates.
Can I use my credit card instead of exchanging currency?
Credit cards are widely accepted in Dallas, but be aware of foreign transaction fees. It’s often better to use a credit card for larger transactions and exchange smaller amounts of currency for cash needs.
