Best places to exchange money and how to avoid poor rates or scams?

Banks and authorized money changers usually offer better rates than hotels or airport counters. Compare rates if possible — small differences add up with larger amounts. Avoid exchanging on the street or with unofficial changers, as scams and poor rates are common. Some hotels offer exchange but at less favorable rates. ATMs often give competitive rates through your bank's exchange, though there may be withdrawal fees. Keep some cash in smaller denominations for daily expenses. It's wise to exchange a modest amount on arrival and then use ATMs or authorized changers as needed. Always count your money carefully before leaving the counter.