As a seasoned traveler, you might think it's a breeze to withdraw US dollars or euros from ATMs abroad to have some local currency on hand during your trip. However, the availability of these currencies at ATMs varies from country to country, and the exchange rates may not be favorable.

In general, ATMs abroad will give you cash in the local currency of that country. This means that you're less likely to find ATMs dispensing US dollars or euros in countries like France, Italy, or Japan, where their respective currencies are widely accepted.

Here's a breakdown of specific scenarios where you might find US dollars or euros at ATMs:

• Countries that accept multiple currencies: Some countries, such as Cambodia and Peru, use both their local currency and US dollars or euros for day-to-day transactions. ATMs in these areas may offer you the option to withdraw cash in either currency.
• ATMs geared towards foreign cardholders: Some ATMs, particularly in tourist areas, are specifically designed to cater to foreign cardholders. These ATMs may offer the option to withdraw cash in US dollars or euros to cater to the needs of international travelers.
• Countries with US dollar as their official currency: A few countries, such as Ecuador, El Salvador, and East Timor, have adopted the US dollar as their official currency. ATMs in these countries will naturally dispense US dollars.
• Countries with multi-currency bank accounts: Some countries, such as Switzerland, allow residents to open multi-currency bank accounts that can hold multiple currencies, including US dollars or euros. ATMs in these countries may offer the option to withdraw cash in these currencies.

Here are some of the countries where you have a higher chance of finding US dollars or euros at ATMs:

• Cambodia: US dollar is widely accepted as a secondary currency in Cambodia.
• Peru: Some ATMs in major cities in Peru offer the option to withdraw cash in Peruvian soles or US dollars.
• Turkey: Some ATMs in Turkey offer foreign cardholders the option to withdraw cash in Turkish lira or euros and US dollars.
• Costa Rica: While the official currency is Costa Rican colon, some ATMs will give you Costa Rican colon but will charge the ATM fees in US dollars.
• Bolivia: Immigration in Bolivia accepts US dollars as the visa-on-arrival fees, even though the official currency is bolivianos.

How do I find out if an ATM abroad gives US Dollar or euros?

If you're unsure whether an ATM abroad offers the option to withdraw US dollars or euros, check the ATM screen before you start your transaction. Some ATMs may indicate this option, while others may only offer the local currency.

You can also ask your hotel, hostel, tour agency, or taxi driver if they're familiar with ATMs that dispense US dollars or euros. They may be able to provide you with specific locations or tips on how to find these ATMs.

What is the exchange rate I get if I withdraw US dollars or euros abroad from an ATM?
It's important to note that the exchange rate you get when withdrawing US dollars or euros from ATMs abroad is typically not favorable compared to the exchange rate you would get at a bank or currency exchange. This is because ATMs often charge higher fees for these transactions. Additionally, the exchange rate may fluctuate at the ATM, so it's important to check the rate before you make your withdrawal.

Tips for withdrawing US dollars or euros abroad:

• Withdraw larger amounts less frequently: This will help you minimize the number of ATM fees that you incur.
• Consider using a prepaid travel card: Prepaid travel cards typically don't charge foreign transaction fees, and they can also be used to avoid DCC.
• Compare exchange rates before withdrawing: If you have the time, compare exchange rates between ATMs and currency exchange bureaus to find the best deal.
• Be aware of ATM skimmers: ATM skimmers are devices that are used to steal your card information. Be sure to check the ATM for signs of tampering before you use it, and never enter your PIN if you see anything suspicious