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Currency exchange fees in the USA vary across providers. While some offer transparent fee structures with clear information on conversion rates and charges, others may have hidden fees that impact the overall cost. Banks and traditional currency exchange services often include a margin in the exchange rate, making it less favorable for the customer.
Online platforms and specialized currency exchange services tend to provide more transparency, displaying fees prominently on their websites. Credit cards may apply foreign transaction fees, usually around 1-3%, which can contribute to the overall cost of currency conversion.
Online platforms and specialized currency exchange services tend to provide more transparency, displaying fees prominently on their websites. Credit cards may apply foreign transaction fees, usually around 1-3%, which can contribute to the overall cost of currency conversion.