21 Common Travel Scams Making a Comeback and How to Spot Them

3. The Currency Exchange Conundrum

Currency exchange scams are a perennial problem for travelers, particularly in countries where the local currency is not widely used. Unscrupulous money changers may offer attractive exchange rates but then employ sleight of hand or use rigged calculators to shortchange tourists. In some cases, counterfeit currency is also a risk, leaving travelers with worthless bills. To avoid falling victim to these scams, travelers should exchange money at reputable banks or official currency exchange offices. It's also advisable to familiarize oneself with the local currency and current exchange rates before traveling. Using ATMs in well-lit, secure locations can also be a safer alternative, though travelers should be wary of fees. By staying informed and cautious, travelers can ensure they receive fair value for their money and avoid unnecessary losses.