Timeline for How do airport currency exchange windows stay in business?
Current License: CC BY-SA 4.0
30 events
| when toggle format | what | by | license | comment | |
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| Jul 15, 2019 at 10:52 | comment | added | jwenting | hmm, the ones at Amsterdam Schiphol are run by an actual bank and the rates are the same as those for any bank office. And no paying the roaming fees inherent to using a foreign ATM... | |
| Jul 12, 2019 at 21:20 | review | Close votes | |||
| Jul 16, 2019 at 9:05 | |||||
| Jul 12, 2019 at 21:05 | answer | added | Underminer | timeline score: 0 | |
| Jul 12, 2019 at 2:33 | answer | added | arp | timeline score: 9 | |
| Jun 30, 2019 at 9:00 | history | tweeted | twitter.com/StackTravel/status/1145255691092922368 | ||
| May 31, 2019 at 14:28 | comment | added | DJClayworth | I would expect that airports also want currency exchange to be available in the airport, for the probably significant number of people who need to use it. | |
| May 31, 2019 at 12:06 | history | reopened |
Patricia Shanahan Zach Lipton RedBaron Willeke♦ |
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| May 30, 2019 at 22:57 | comment | added | Patricia Shanahan | How about changing it from how they stay in business to reasons to use them? Reasons why travelers use airport currency exchanges are about travel, not business. | |
| May 30, 2019 at 22:20 | review | Reopen votes | |||
| May 31, 2019 at 12:06 | |||||
| May 30, 2019 at 22:06 | comment | added | Patricia Shanahan | Ultimately, it is a question about traveler behavior. The exchanges stay in business because there is demand for their services, even at the poor exchange rates, because travelers sometimes need them. | |
| May 30, 2019 at 16:49 | comment | added | Nick | In general, all the answers so far have good points to make. However, maybe someone could give some help on how the question could be edited to meet the TSE guidelines. Thanks. | |
| May 30, 2019 at 16:43 | comment | added | David Richerby | @Nick Not all questions about foreign exchange are on-topic; only those that relate to travelling. This is a question about the economics of running a foreign exchange business and it's not related to travelling. For example, a question about foreign currency trading as an investment would be off-topic: it's about foreign exchange but not about travel. | |
| May 30, 2019 at 16:39 | comment | added | Nick | @DavidRicherby I had a read of the Help Center's 'on topic' guidance for TSE. To quote: "What topics can I ask about here? ... If you have a question about ... finances: budgets, costs, foreign exchange... then you’re in the right place". This question is about foreign exchange. I read many questions and answers on TSE about foreign exchange and am constantly amazed that people give these rip-off merchants their business. However, I appreciate there could be other reasons I have not considered, which is what led to my question. | |
| May 30, 2019 at 15:51 | history | closed |
choster Ali Awan David Richerby Glorfindel Augustine of Hippo |
Not suitable for this site | |
| May 30, 2019 at 15:38 | answer | added | Chris H - UK | timeline score: 3 | |
| May 30, 2019 at 13:31 | comment | added | Mike Harris | There are a large number of "unbanked" people, who have neither credit cards nor ATM cards, and rely on cash. Furthermore, they might not be the most savvy when it comes to finance. How many of them are international travelers is anybody's guess. | |
| May 30, 2019 at 12:49 | comment | added | O. R. Mapper | This question probably applies equally to almost all shopping "opportunities" at the airport. | |
| S May 30, 2019 at 11:43 | history | suggested | Ari Brodsky |
added tag "airports"
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| May 30, 2019 at 10:56 | review | Suggested edits | |||
| S May 30, 2019 at 11:43 | |||||
| May 30, 2019 at 9:17 | answer | added | alamar | timeline score: 9 | |
| May 30, 2019 at 7:39 | comment | added | David Richerby | I'm voting to close this question as off-topic because it is a question about business feasibility, not travelling. | |
| May 29, 2019 at 23:54 | answer | added | Cody | timeline score: 5 | |
| May 29, 2019 at 23:05 | comment | added | choster | 1. Demand. 2. Supply. Politics sometimes pushes on one or the other, but fundamentally, they stay in business because there is a business to stay in. | |
| May 29, 2019 at 22:45 | review | Close votes | |||
| May 30, 2019 at 15:55 | |||||
| May 29, 2019 at 22:30 | comment | added | user90371 | There's no one right answer for this, so it's going to be largely opinion-based. VTC on that basis. | |
| May 29, 2019 at 22:29 | comment | added | user90371 | Sometimes they offer services related to airport activity. At Wellington airport international travellers had to pay a departure tax at the airport. The forex kiosk would collect the tax in return for a voucher that one had to show to security on the way to the departure lounge. Arrangements have change there now, and the tax is collected by the airlines. | |
| May 29, 2019 at 22:20 | comment | added | Augustine of Hippo | The masses are not as smart as you think. In my over 60 international travels, I have used those services just once, in Brazil. However for most people I think it a combination of convenience, ignorance, and lack of advance preparation. Those exchange rates are simply atrocious! | |
| May 29, 2019 at 22:13 | comment | added | Laconic Droid | Anecdotally, I have used one at the airport when I have a handful of local currency I want to change back to my home currency before I leave the country. | |
| May 29, 2019 at 21:55 | review | First posts | |||
| May 29, 2019 at 22:16 | |||||
| May 29, 2019 at 21:50 | history | asked | Nick | CC BY-SA 4.0 |