That's interesting. There's a lot of friction with FX... even when the conversion is done by the bank. Over here we have money changers who give a better rate. The only hassle is that you have to deal with physical cash most of the time.
RE: Airbnb is cheaper to pay in the local currency of the country you travel to
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Airbnb is cheaper to pay in the local currency of the country you travel to
Yeh I agree there is a lot of friction, bank try to reduce their risk, and have to pay their staff and make a profit.
The hassle/risk of cash is losing it if you leave your wallet behind somewhere or (hopefully only) a low risk of theft, but the risks of having cash is probably worth it to make your money go further and lose less money to fees.
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Yeah my wife had around $800 stolen on our trip to Japan while we were on the plane. That was an expensive lesson learnt lol.
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