Jazmin Li
John F. Kennedy International Airport (JFK) offers currency exchange services for travellers passing through. Currency Exchange International (CXI) has several locations within the airport, including Terminal 4 and Terminal 8, where travellers can exchange more than 80 foreign currencies. While convenient, airport currency exchange services may not offer the best rates and fees, so it is recommended to compare options before deciding. Alternatives include opening a multi-currency account, ordering a travel card, or using an ATM.
| Characteristics | Values |
|---|---|
| Exchange dollars for foreign currency at JFK airport | Yes |
| Number of currency exchange locations at JFK airport | 10 |
| Currency exchange service provider at JFK airport | CXI, Currency Exchange International |
| Currency exchange service provider's locations at JFK airport | T4 Arrivals Hall, T4 Concourse B18, T4 Departures Concourse B Gate 31, T4 Retail Hall East, T4 Retail Hall West, T5, T7 Arrivals, T7 Departures, T8 Arrivals, T8 Departures, and T8 Departures Concourse C |
| Exchange rates and fees at airport currency exchange services | Not the best available |
| Alternative to exchanging currency at the airport | Opening a multi-currency account, ordering a travel card, or using a multi-currency card from Wise |
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What You'll Learn
Currency exchange services at JFK Airport
Currency Exchange at JFK International Airport
If you need to exchange currency, most major airports, including JFK International Airport, will have several currency exchange options available.
Currency Exchange International (CXI) has several locations across the airport, including in the T4 Arrivals Hall, T4 Concourse B18, T4 Departures Concourse B Gate 31, T4 Retail Hall East, T4 Retail Hall West, T5, T7 Arrivals, T7 Departures, T8 Arrivals, and T8 Departures Concourse C. CXI offers a fast and convenient service, converting your money quickly and securely.
ICE also has a currency exchange service in Terminal 1 of JFK International Airport. ICE's exchange rates can be found online, and they offer exclusive rates for online orders with a click-and-collect service.
It is worth noting that airport currency exchange services often have higher overall costs due to a lack of competition. You may find that you can get better exchange rates and lower fees by using a multi-currency account or travel card. However, if you need to exchange currency urgently, the airport exchange services are a convenient option.
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CXI currency exchange locations
Currency Exchange International (CXI) offers foreign currency exchange services at several locations in the US, including New York, Boston, Chicago, Denver, Orlando, Miami, San Diego, San Francisco, Los Angeles, Honolulu, and Seattle.
CXI has several locations at JFK International Airport alone, including:
- T4 Arrivals Hall
- T4 Concourse B18
- T4 Departures Concourse B Gate 31
- T4 Retail Hall East
- T4 Retail Hall West
- T5
- T7 Arrivals
- T7 Departures
- T8 Arrivals
- T8 Departures
- T8 Departures Concourse C
CXI offers foreign currency on demand for the most popular international currencies and exchanges more than 80 currencies that can be reserved ahead of time online or by phone. CXI's airport locations buy and sell foreign currencies from around the world, and many major currencies are kept in stock daily for immediate availability.
While CXI airport locations offer convenience and fast service, their exchange rates may not always be the best available. It is recommended to compare rates and fees before deciding to exchange money at the airport.
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Alternatives to exchanging currency at the airport
Currency exchange services at the airport don't usually have a lot of competition, so it's common to find that the overall costs of switching your funds can be high. Fees may be added to the available exchange rate, and airport kiosks generally charge some of the highest fees and have the worst exchange rates.
Order Currency from Your Bank
Ordering currency from your bank before you travel is almost always better than using airport currency exchange. You can typically pick up the currency at a local branch before your trip, and some banks offer to ship the currency to you. The exchange rates are usually quite good, and you can use a trusted source such as Reuters or the International Monetary Fund to find current exchange rates and ensure you get a fair deal.
Use a Multi-Currency Account or Card
Consider opening a multi-currency account or ordering a travel card, which can help you get a better exchange rate and offers flexible spending and withdrawal with low overall costs. For example, using a multi-currency card from Wise for your travels is often a more cost-effective option than exchanging physical currency at an airport. Wise provides conversions at the mid-market exchange rate without any markups or hidden fees.
Use Your Credit Card
Using a credit card with no foreign transaction fees is one of the best and most cost-effective ways to make purchases in a foreign currency. Check your cardholder agreement, and if your current card charges a foreign transaction fee, consider applying for a card with no foreign transaction fees.
Use an ATM
Using a foreign ATM or your bank's ATMs overseas is another good option for exchanging currency. If you don't have time to get the foreign currency before leaving, check to see if your bank has ATMs in the destination country or its cities. Using an ATM within the airport when you arrive can also be a good option.
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Foreign currency exchange tips
If you're travelling abroad and need to exchange your money into a foreign currency, it's worth keeping in mind a few tips to ensure you get the best deal and don't waste time on your vacation. Firstly, while it's convenient to exchange currency at the airport, it might not be the most cost-effective option. Airport currency exchange services often have higher rates and fees due to a lack of competition, so you may want to compare rates before choosing this option.
At John F. Kennedy International Airport (JFK), for example, there are several currency exchange locations, and they do offer the convenience of exchanging your dollars for foreign currency or vice versa. However, you may find better rates and lower fees by exploring other options.
One alternative is to consider opening a multi-currency account or ordering a travel card, which can offer better exchange rates and flexible spending and withdrawal options with low overall costs. For instance, the Wise multi-currency card provides conversions at the mid-market exchange rate without any markups or hidden fees, ensuring you get good value for your money.
Additionally, if you're looking to exchange a large sum of money, it might be worth calling ahead to your chosen currency exchange service to ensure they have the amount you need and to reserve it for pickup before you travel. This can save you time and provide peace of mind. Also, remember that you can always exchange money at your destination, although this may not be ideal if you need local currency immediately upon arrival.
Lastly, don't forget to check the exchange rates and fees carefully to understand the true cost of the currency exchange service. By being proactive and doing some research, you can make informed decisions and get the most out of your money when travelling abroad.
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Buying back travel money
If you have leftover foreign currency from your travels, you may be able to sell it back for your local currency. Some companies that offer this service include M&S and Wells Fargo.
M&S buys back a wide range of currencies, including euros, US dollars, and Turkish lira. You can sell your leftover currency at a participating M&S bureau de change. You will need to bring a valid form of identification, such as a passport or driver's license. The staff at M&S will tell you the current exchange rate and how much you will receive in return.
Wells Fargo also offers a currency buy-back service, but they do not buy back all currencies and they do not accept coins. The exchange rate used by Wells Fargo is set at their sole discretion and includes a markup to compensate for costs incurred, market risks, and desired return.
When it comes to buying back travel money, it is important to shop around for the best exchange rate and to be aware of any fees or commissions that may be charged. Some companies may offer better rates than others, so it is worth comparing a few options before deciding where to sell your currency.
Additionally, you may be able to exchange foreign currency at an airport, such as John F. Kennedy International Airport (JFK). JFK has several currency exchange locations in the airport, offering convenient and fast currency exchange services. However, airport currency exchange services may not always offer the most competitive rates and fees, so it is recommended to compare alternatives before deciding.
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Frequently asked questions
Yes, you can exchange dollars for crowns at John F. Kennedy International Airport (JFK). There are 10 currency exchange locations at the airport, including CXI, which exchanges more than 80 foreign currencies.
Currency exchange locations at JFK airport include: T4 Arrivals Hall, T4 Concourse B18, T4 Departures Concourse B Gate 31, T4 Retail Hall East, T5, T7 Arrivals, T7 Departures, T8 Arrivals, and T8 Departures Concourse C.
Exchange rates and fees at airport currency exchanges tend to be high because of a lack of competition. It is recommended to compare rates and fees before deciding to exchange your money at JFK airport. Consider using a multi-currency account or travel card to get a better exchange rate and lower fees.
