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New Monopoly on European Airport ATMs?

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Did anyone else see this on Frommers blog?

http://www.frommers.com/community/blogs/arthur-frommer-online/_new-monopoly-airport-atm-machines-means-lousy-exchange-rates-travelers

In short, it asserts that Travelex (the foreign currency exchange) is now operating nearly all the European airport ATMs and charging 10-11% through the exchange rate.

One of the posted comments seems to think that by choosing to be charged in "local currency" you can avoid the exchange rate discount.

It sounds similar to the dynamic currency conversion some merchants have been known to try.

Seems hard to believe. . .

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