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by movingtospore » Fri, 02 Sep 2011 9:04 pm
You will get royally sc$#ed by any bank, anywhere, anytime using your ATM to withdraw overseas. Trust me I've worked in FX. But, what do you do, it's convenient, and they know that. So, you can get a bit better rate from a local changer, but then you have to carry cash.
If you're traveling to your home country, your best bet is to keep an account there. Then, use an FX broker (mods I'm not plugging, not in this line of work anymore!) to send periodic transfers home. If you really care about rates that is.
That ATM card sure is convenient tho! Transferring through a broker takes some time and planning.