Jazmin Li
If you're looking to exchange currency at Newark Liberty International Airport, you'll have several options. The airport has at least 10 Travelex locations, as well as six other currency exchange services, including CXI, which has branches in Terminals B and C. However, airport currency exchange services often come with high fees and unfavourable exchange rates, so you may want to consider other options, such as exchanging money in your home city, using an ATM, or ordering a multi-currency debit card.
| Characteristics | Values |
|---|---|
| Ability to get Euros | Yes |
| Recommended | No, due to high fees and poor rates |
| Alternative Options | ATMs, currency cards, exchanging in city |
| Number of Exchange Locations | 6 |
| Exchange Companies | Travelex, CXI |
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What You'll Learn
Currency exchange services at Newark Airport
Newark Liberty International Airport (EWR) is New Jersey's major airport and the 15th busiest airport in the US. It is located close to the cities of Newark and Elizabeth in New Jersey, as well as Philadelphia and New York City.
Currency exchange services are available at the airport, with at least 6 or 10 locations operated by Travelex and CXI. These services allow you to exchange foreign currency for US dollars and vice versa, with more than 80 or 90 foreign currencies available.
However, it is important to note that airport currency exchange services often have higher fees and less favourable exchange rates compared to those found in cities, where competition drives the cost down. As such, it is recommended to compare exchange rates and fees before using these services. Additionally, for larger amounts, it is advisable to call ahead to ensure the desired currency is available.
- Terminal B3, Gate Level Airtrain
- Terminal B3, Concourse Airside
- Terminal C, Arrivals
- Terminal C, Concourse C1
- Terminal C, Gate 120
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Alternatives to exchanging currency at the airport
While it is possible to exchange currency at Newark Liberty International Airport, there are several alternative options to consider that may offer better exchange rates and lower fees. Here are some alternatives to exchanging currency at the airport:
Exchange Currency at Your Home or Destination City
You can often find better exchange rates in a city compared to an airport. You can do this in your home city before your trip or once you reach your destination. This option allows you to compare rates and choose the most favourable deal.
Online Currency Exchange
Online exchange services, such as Travelex, offer different and potentially more favourable exchange rates compared to in-person exchanges. It may require more planning, but you can use online tools to hunt down the best deals. TransferWise (now Wise) and Revolut are examples of online services that allow you to hold multiple currencies and spend conveniently worldwide.
Use a Multi-Currency Card
Services like Wise offer multi-currency debit cards that provide conversions at the mid-market exchange rate without markups or hidden fees. This option ensures you get the best value for your money.
Withdraw Money from ATMs
Using foreign ATMs to withdraw money when you're abroad is another alternative. Check with your home bank about any associated fees and consider using foreign ATMs that are compatible with your bank to avoid unnecessary charges.
Order Currency from Your Bank
Ordering currency from your bank before you travel is often a better option than airport exchanges. You can typically pick up the foreign currency at a local branch or have it shipped to you. Banks tend to offer more favourable exchange rates and lower fees compared to airport exchanges.
Use Mobile Payment Providers
Using mobile payment providers such as Google Pay, Android Pay, or Apple Pay can be a good alternative to exchanging currency. These services may offer more convenience and competitive exchange rates.
Use Credit Cards or Prepaid Cards
Using credit cards, prepaid cards, or even US dollars for purchases can be viable alternatives to exchanging currency. Many businesses, including smaller vendors, accept electronic payments, providing flexibility during your trip.
Remember to prepare in advance, compare exchange rates, and be mindful of any associated fees when choosing an alternative to airport currency exchange.
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Travelex at Newark Airport
Newark Liberty International Airport (EWR) is New Jersey's major airport and the 15th busiest airport in the US. It is conveniently located near the cities of Newark and Elizabeth in New Jersey, as well as Philadelphia and New York City.
If you're looking to exchange currency at Newark Airport, there are at least 10 places operated by Travelex where you can get foreign currency. Travelex offers a fast and convenient currency exchange service with a wide range of foreign currencies available, including euros. You can find Travelex locations in Terminal B Satellite B1 and B2, and Terminal C1 Gate 90.
However, it's important to note that airport currency exchange services typically have higher costs due to a lack of competition. You may find better exchange rates in the city or online. Additionally, some credit card companies may categorise currency exchange transactions as cash advances and apply their own fees.
To ensure you get the best value, it's recommended to compare exchange rates and fees before choosing a currency exchange service. You can use online tools such as TransferWise (now Wise), Revolut, and Currencylive.com to check and compare rates. Alternatively, you can consider using a multi-currency card or withdrawing money from foreign ATMs during your travels to avoid unfavourable exchange rates at the airport.
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CXI at Newark Airport
Currency Exchange International (CXI) is a leading provider of foreign currency exchange services in North America. CXI has several locations in Newark Liberty International Airport (EWR) in Newark, New Jersey.
CXI offers fast and convenient currency exchange services at the airport. They buy and sell more than 80 foreign currencies from around the world and offer major currencies daily for immediate availability. They also provide Currency Price Protection (CPP), which allows travellers to take advantage of CXI's ultimate buy-back rate when they return with foreign currency from their trip. CXI's airport locations can be found in Terminal B3 (Gate Level Airtrain and Concourse Airside), and Terminal C (Arrivals and Concourse C1, Gate 120).
While CXI offers a convenient option for exchanging currency at Newark Airport, it is worth noting that airport currency exchange services typically charge higher fees due to a lack of competition. As such, travellers may find better exchange rates in cities or online. Additionally, using a multi-currency card or debit card from providers like Wise or Revolut can be a more cost-effective option, offering conversions at mid-market exchange rates without markups or hidden fees.
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Credit card fees
Currency Exchange International (CXI) at Newark Liberty International Airport (EWR) accepts cash, debit cards, and credit cards. However, CXI has no control over how a credit card company categorises these transactions. Your credit card company may categorise the transaction as a cash advance and apply their own fees.
It is recommended to prepare in advance and get a good deal on the exchange rate. Check the exchange rate against an online currency converter to see how it compares to the mid-market rate.
Using a multi-currency card from providers like Wise and Revolut is often a more cost-effective option than exchanging physical currency at an airport. These providers offer conversions at the mid-market exchange rate without any markups or hidden fees.
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Frequently asked questions
Yes, you can exchange currency at Newark Liberty International Airport (EWR). There are several currency exchange options available at the airport, including Travelex and CXI.
You can also exchange currency in your home or destination city, as you may find better exchange rates there. You can also use a multi-currency card from providers such as Wise or Revolut, which offer mid-market exchange rates and low fees. Additionally, you can withdraw money from foreign ATMs when you're abroad.
The fees for exchanging currency at Newark Airport can be high due to a lack of competition. These fees may not always be obvious, as they can be added to the available exchange rate. It is recommended to compare the fees and exchange rates before deciding to use currency exchange services at the airport.
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