Berlin uses Euros as an official currency for all payments. You need cash in local currency to manage money, make transactions and explore this exciting place. Whether you are in a local market or discovering top tourist attractions, you might look for currency exchange providers to buy or sell Berlin currency. Let’s explore some of the best places to exchange currency in Berlin at the best exchange rates possible.
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Best Places for Currency Exchange in Berlin
Top providers like Ria Money Transfer and Currency Exchange, Exchange AG Deutschland, Ucambio Exchange, Eurochange, and many others are the best bureaux de change for foreign exchange in Berlin.
One can also exchange currency at Reisebank outlets that are located at the city’s major airports and railway stations. Up to 100 currencies can be exchanged here at competitive rates to help you get the cheapest currency exchange services. Let’s explore all the options-
Currency Exchange in Berlin through Banks
Reisebank is one the best places for exchanging currency in Berlin. It supports up to 100 currencies for a hassle-free exchange. The bank branches are conveniently located in more than 50 German cities. It is known for its speedy and reliable services and for advising you on the right cash arrangement.
- Commerzbank, HSBC, and Sparkese are some of the best banks in Germany for international students to open a bank account and get competitive currency exchange rates for currency exchange in Berlin.
- The best part is you plan your currency exchange in advance and reserve your preferred currency by phone at their Berlin branches.
- This can be done by keeping an eye on currency exchange rates and booking when you feel that the exchange rates are most flexible.
- You can buy and sell currency at the same exchange rates with Reisbank.
Also Read: Planning to pursue higher academics in Germany? Check out the details of the best public and private banks, and NBFCs providing education loans to study in Germany without collateral.
Currency Exchange in Berlin through ATMs
Withdrawing cash from ATMs in Berlin is one of the best ways for currency exchange in Berlin, especially if you choose the local currency (euros in this case) during the withdrawal. This ensures you get the best exchange rate. However, be mindful of two potential fees:
- ATM operator fees: The ATM itself might charge a usage fee.
- Foreign transaction fees: Your bank might charge a fee for using your card internationally.
These fees can be avoided if you use a debit card designed for international travel.
- Your American Express, Visa, Diners Club, Eurocard, and Mastercard should be accepted without any problems.
- Many banks have agreements with international partners like Deutsche Bank and Barclays, which can waive ATM withdrawal fees. Talk to your bank before your trip to see if they have any partner banks in Germany.
- ATMs located in main bank branches often have lower fees compared to those in convenience stores or railway stations.
Currency Exchange Kiosks
Besides banks and ATMs, currency exchange in Berlin is best offered at the Bureau de Change. These currency exchange kiosks offer competitive exchange rates and secure services. Most of them do not even charge commission or additional fees and offer buy-back of leftover/ unused currency at the same exchange rates. Check out the list of top providers for currency exchange in Berlin-
| Currency Exchange Provider | Address |
| Ria Money Transfer and Currency Exchange | Kurfürstenstraße 33, 10785 Berlin, Germany |
| Exchange AG Germany | Friedrichstraße 150-153, 10117 Berlin, Germany |
| Exchange AG Deutschland | Skalitzer Str. 136, 10999 Berlin, Germany |
| Ria Deutschland GmbH Berlin Checkpoint Charlie | Eingang, Friedrichstraße 206, Zimmerstraße 19a, 10969 Berlin, Germany |
| Euro Change Wechselstuben AG | S-Bahnhof, Alexanderpl., 10178 Berlin, Germany |
Also Read: Check out the important details of wire transfers to Germany to get money to pay for various things like tuition fees, house rent etc.
Airports
Another place to exchange currency at the airports. They operate 24/7, catering to arrivals and departures at any hour. So, you get immediate solutions, especially if you are dealing with a last-minute currency exchange situation. At Berlin Brandenburg Airport, you can use currency exchange providers like Eurochange and Travelex currency exchange offering hassle-free services.
However, convenience at airports often comes with a price. Airport currency exchange rates are usually less favourable compared to banks or online services in Berlin.
Important Guidelines
To get the most out of your international trip for higher studies or leisure travel, it is important to save money when in Germany or any other country. One must consider important tips like exchanging currency in advance. However, for currency exchange in the city, you must be mindful of the exchange rates at airports and hotels and ATM fees. Check out some of the tips to consider while exchanging foreign currency in Berlin-
Know the Mid-Market Rate- Before you exchange, research the mid-market exchange rate for your currency pair. This is the “true” rate used in global currency markets. Use an online currency converter to get a benchmark and avoid tourist traps with inflated rates. It helps you navigate currency exchange risks.
Use ATMs- ATMs are your friend for fair currency exchange rates. Withdrawing cash from ATMs is often the best option. Also, be mindful of ATM operator fees and potential foreign transaction fees from your bank. You must consider a debit card designed for international use.
To avoid these charges, international students can carry them from the list of best forex cards for students in Germany to study abroad.
Skip Airport & Hotel Exchange Desks- These locations offer convenience but at higher prices. They typically have unfavourable exchange rates and hidden fees. Unless absolutely necessary, avoid exchanging currency are airports and hotel exchange desks.
Get Euros Before You Go- RBI allows currency exchange 60 days before your trip. Thus, many banks can exchange currency beforehand, especially for common currencies like Euros. Always check the rate and compare it to what you might find in Germany. This allows you to shop around for the best deal and have Euros ready upon arrival.
FAQs
Yes, you can exchange currency in Berlin with top providers like Ria Money Transfer and Currency Exchange, Exchange AG Deutschland, Ucambio Exchange, Eurochange, and many others are the best bureaux de change for foreign exchange in Berlin. Banks and ATMs also help with currency exchange in exchange.
You can exchange currency with top providers like Ria Money Transfer and Currency Exchange, Exchange AG Deutschland, Eurochange, etc. One can also exchange currency at Reisebank outlets that are located at the city’s major airports and railway stations.
Besides banks and ATMs, currency exchange in Berlin is best offered at the Bureau de Change. These are Ria Money Transfer and Currency Exchange, Exchange AG Germany, Exchange AG Deutschland, Ria Deutschland GmbH Berlin Checkpoint Charlie, and Euro Change Wechselstuben AG.
Yes, at Berlin Brandenburg Airport, you can currency exchange in Berlin with providers like Eurochange and Travelex. They offer hassle-free and convenient services 24/7. However, airport currency exchange rates are usually less favourable compared to banks or online services in Berlin.
Withdrawing cash from ATMs in Berlin is one of the best ways for currency exchange in Berlin. This ensures you get the best exchange rate. Your American Express, Visa, Diners Club, Eurocard, and Mastercard should be accepted without any problems. However, be mindful of ATM usage/ transaction fees.
This was all about currency exchange in Berlin. Make sure to research well and consider the given tricks. To know more about education loans, the best bank accounts for students, forex and banking experience for global students or international money transfers, reach out to our experts at 1800572126 to help ease your study abroad experience.
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