Roberta Aguirre
If you're travelling to Europe and need to exchange your dollars for euros, you may be considering doing so at Newark Liberty International Airport (EWR). While it is possible to exchange currency at EWR, with at least 10 places operated by Travelex and 6 other currency exchange locations, it's worth noting that airport currency exchange services often come with high fees and unfavourable exchange rates due to a lack of competition. As such, you may want to consider other options, such as exchanging money in your home city, using online services, withdrawing money from foreign ATMs, or using a travel money card.
| Characteristics | Values |
|---|---|
| Ability to exchange euros | Yes |
| Recommended | No, due to high fees |
| Alternative options | Exchange money in Newark, use an ATM, use a multi-currency card, or exchange a small amount at the airport and the rest at your destination |
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What You'll Learn
Currency exchange services at Newark Airport
Currency exchange services at Newark Liberty International Airport (EWR)
Newark Liberty International Airport (EWR) is the 15th busiest airport in the US. It is located in New Jersey, close to the cities of Newark and Elizabeth, as well as Philadelphia and New York City.
Currency exchange at the airport
The airport offers currency exchange services, with at least 6 or 10 locations across the terminals, including:
- Terminal B3, Gate Level Airtrain
- Terminal B3, Concourse Airside
- Terminal C, Arrivals
- Terminal C, Concourse C1
- Terminal C, Gate 120
These currency exchange locations are operated by Travelex and CXI. They offer fast and convenient currency exchange services, buying and selling more than 80 or 90 foreign currencies. CXI offers Currency Price Protection, allowing customers to secure the ultimate buy-back rate.
It is recommended to call ahead to ensure the desired currency is available and to reserve it for pick-up. Additionally, when carrying cash at the airport, it is important to be vigilant and utilise airport lockers if available.
Alternative options
While currency exchange services are available at the airport, it is worth noting that airport exchange rates may not be the most favourable due to a lack of competition. Here are some alternative options:
- Exchange currency in your home city or destination city, where competition may drive down costs.
- Use an online currency converter to find better exchange rates and plan ahead.
- Withdraw money from foreign ATMs when abroad.
- Use a multi-currency card from providers like Wise (formerly TransferWise), Revolut, or similar services recommended by Currencylive.com. These cards allow you to hold multiple currencies, spend conveniently worldwide, and often provide mid-market exchange rates with low or no fees.
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Alternative options to exchanging currency
Exchanging currency at the airport is often not a good idea due to poor exchange rates and high fees. Here are some alternative options to consider:
- Plan ahead and exchange currency before your trip: This is often the cheapest way to get foreign cash. You can compare exchange rates online and exchange currency at your local bank or credit union, which typically offer reasonable rates and low fees. Many banks allow you to order currency online or by phone for delivery or pickup at a branch.
- Use a foreign ATM: Withdrawing money from a foreign ATM when you reach your destination can be a convenient and cost-effective option. Check with your bank to see if they have ATMs in the destination country or its cities. Using your bank's ATM network can provide competitive exchange rates and low fees (typically 1% to 3%).
- Credit and debit cards: Using credit or debit cards for purchases can be a good alternative to carrying large amounts of cash. They offer fraud protection and safety features, such as the option to freeze them if misplaced. Check with your credit card company to see if they offer good exchange rates, and inform them about your trip to add extra security.
- Online bureaus or currency converters: Online services such as Travelex and Wise (formerly TransferWise) offer convenient foreign exchange services. While there may be delivery charges, the exchange rates can be more favourable than airport kiosks.
- Compare rates and locations: Tools like Currencylive.com allow you to view, check, and compare currency exchange rates for different currencies and services. This can help you find the best exchange rate in your home or destination city, which is often more cost-effective than exchanging at the airport.
Remember to avoid last-minute exchanges, and consider utilizing tools like rate alerts to secure more favourable rates. Also, be mindful of high currency exchange fees, and try to exchange only the amount of foreign currency you need to avoid excess cash that you'll need to convert back.
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Travelex at Newark Airport
If you're looking to exchange currency at Newark Liberty International Airport, you'll have a few options, including Travelex.
Travelex is a currency exchange service with locations in airports around the world. At Newark Airport, you'll find Travelex in Terminal B. They offer foreign currency exchange for more than 80 currencies and hold popular currencies in stock daily. This can be convenient if you're looking to exchange money at the last minute before a trip. However, it's worth noting that airport currency exchange services typically charge higher fees due to a lack of competition.
In addition to Travelex, there are several other currency exchange options at Newark Airport, including CXI, which has locations in Terminal B and Terminal C. CXI also offers over 80 foreign currencies and provides fast and convenient exchange services.
When exchanging currency at the airport, it's important to be aware of the potential for high fees and unfavourable exchange rates. It's recommended to compare exchange rates and fees before choosing a currency exchange service to ensure you get the best deal.
Additionally, consider alternative options for accessing foreign currency, such as using a multi-currency card or withdrawing money from foreign ATMs during your trip. These options may offer more competitive exchange rates and lower fees compared to airport currency exchange services.
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CXI at Newark Airport
Currency Exchange International (CXI) is one of the currency exchange services available at Newark Liberty International Airport (EWR). CXI has several locations within the airport, including Terminal B3 (Gate Level Airtrain and Concourse Airside), Terminal C (Arrivals and Concourse C1), and Terminal C, Gate 120.
CXI offers fast and convenient currency exchange services, buying and selling more than 80 foreign currencies from around the world. They provide quick and secure transactions, with the option to call ahead and reserve your desired currency for pickup before travelling. CXI also offers Currency Price Protection, which allows customers to secure a favourable buy-back rate. The knowledgeable staff at CXI can assist with converting US dollars into foreign currency or exchanging foreign currency into US dollars.
While CXI and other currency exchange services at Newark Airport provide a convenient option for travellers, it is important to be aware that airport currency exchange rates may not always be the most favourable. Higher fees and less competitive exchange rates may be encountered due to the lack of competition among airport currency exchange providers. As such, it is recommended to compare rates and consider alternative options, such as using a multi-currency card or withdrawing money from foreign ATMs, to obtain the best value for your money.
Newark Liberty International Airport, located near the Newark Airport Interchange in New Jersey, is a major airport serving the New York metropolitan area. It is easily accessible via the AirTrain Newark, which connects the airport terminals to the Newark Liberty International Airport Railway Station. The airport is served by various carriers, with United Airlines being the largest tenant. With a rich history dating back to 1928, the airport has undergone significant expansions and improvements over the years, including the addition of new terminals, runways, and control towers.
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Travel money cards
While you can exchange currency at Newark Airport, it is not usually a great idea due to the high fees and unfavourable exchange rates.
One alternative is to use a travel money card, which is a popular way to spend money abroad. Travel money cards are also known as currency cards and are a convenient, flexible, and safe way to access your money. They are usually reloadable and can be used in stores, coffee shops, and online, as well as to withdraw cash from ATMs.
Some examples of travel money cards include:
- Wise: This card allows you to hold 40+ currencies and spend in 150+ countries, with mid-market exchange rates and low fees. It can be used instantly with Google Pay or Apple Pay and has no hidden fees.
- Revolut: Choose from different account and card types to hold and exchange dozens of currencies and spend them around the world.
- Visa TravelMoney: This prepaid card is more secure and practical than carrying cash or travellers' cheques. It is accepted everywhere that Visa credit cards are accepted and can be issued for ATM use only. It also has a 24/7 customer service centre that can assist you in your own language.
- Mastercard Travel Card: A reloadable prepaid travel card.
When choosing a travel money card, it is important to compare the fees and rates, reload fees and limits, and global acceptance and card types to ensure you get the best option for your needs.
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Frequently asked questions
Yes, you can get euros at Newark Liberty International Airport (EWR). There are several currency exchange locations at the airport, including Travelex and CXI.
Currency exchange locations can be found in Terminal B3, Gate Level Airtrain; Terminal B3, Concourse Airside; Terminal C, Arrivals; and Terminal C, Concourse C1.
Yes, you may be able to find better exchange rates in the city or online. You can also use a travel money card, such as Wise or Revolut, which allows you to order a card online or in an app, top it up, and then use it for spending and withdrawals overseas.
It is important to shop around and compare different options to get the best available deal. Check the exchange rate and any associated fees or charges. You can use online tools such as currencylive.com to compare currency exchange rates and find the best option for you.
