Agiotage (Noun)
Meaning
A fee charged for exchanging currencies.
Classification
Nouns denoting possession and transfer of possession.
Examples
- The tourist was surprised to find that the agiotage charged by the currency exchange office at the airport was much higher than the one at the city center.
- The travel agency warned its clients about the high agiotage fees associated with exchanging money at hotels and airports.
- To avoid high agiotage fees, many travelers opt to use ATMs to withdraw local currency instead of exchanging cash.
- The agiotage charged by the bank for exchanging euros to dollars was so high that it almost negated the benefits of the favorable exchange rate.
- After comparing the agiotage fees of several currency exchange offices, the businessman decided to use the one with the lowest commission.