• Latest
  • Trending
Out of your money When on a Foreign Trip

Make the Best Out of your money When on a Foreign Trip

06/05/2019
Northern VA Dog Walking Company Educates On Pet Sitting

Northern VA Dog Walking Company Educates On Pet Sitting

07/01/2021
Author Edwin Cruz Releases New Memoir – In Society’s Web

Author Edwin Cruz Releases New Memoir – In Society’s Web

23/12/2020
“Margaret Beaufort of Bourne, Collyweston, Maxey and Deeping: The Tudor Dynasty” by Margaret Wainwright is published

“Margaret Beaufort of Bourne, Collyweston, Maxey and Deeping: The Tudor Dynasty” by Margaret Wainwright is published

23/12/2020
DSPs are undermining their own 5G investment. Here’s why (and how to fix it).

DSPs are undermining their own 5G investment. Here’s why (and how to fix it).

23/12/2020
Christmas gaming desks for the kids

Christmas gaming desks for the kids

22/12/2020
Why antiviral gloves are essential accessories this winter

Why antiviral gloves are essential accessories this winter

17/12/2020
The Complete Guide To Canoe Camping

The Complete Guide To Canoe Camping

11/12/2020
7 Chocolate Whiskey Cocktails You Can Easily Make At Home

7 Chocolate Whiskey Cocktails You Can Easily Make At Home

11/12/2020
Top 7 Facts About Pinot Grigio Wine

Top 7 Facts About Pinot Grigio Wine

03/12/2020
Revealed: 13-intriguing sleep-related facts

Revealed: 13-intriguing sleep-related facts

27/10/2020
Why Businesses Should Consider Switch from Oil to Gas

Why Businesses Should Consider Switch from Oil to Gas

22/10/2020
From Crop to Cup: Where Does My Fairtrade Coffee Come From?

From Crop to Cup: Where Does My Fairtrade Coffee Come From?

04/10/2020
  • Authors
  • Write for us
  • Contact
Thursday, January 21, 2021
PostRadar
  • News
  • Business
    • Employment
    • Recruitment
    • Industrial
    • Marketing
  • Finance
    • Banking
    • Crypto
    • Personal Finance
  • Property
    • Architecture
    • Construction
    • Property Market
  • Lifestyle
    • Food & Drink
    • Healthcare
    • Healthy & Beauty
    • Consumer Advice
    • Fashion
    • Sports
    • Books
  • Travel
    • Tourism
  • Write for us
No Result
View All Result
  • News
  • Business
    • Employment
    • Recruitment
    • Industrial
    • Marketing
  • Finance
    • Banking
    • Crypto
    • Personal Finance
  • Property
    • Architecture
    • Construction
    • Property Market
  • Lifestyle
    • Food & Drink
    • Healthcare
    • Healthy & Beauty
    • Consumer Advice
    • Fashion
    • Sports
    • Books
  • Travel
    • Tourism
  • Write for us
No Result
View All Result
PostRadar
No Result
View All Result
Home Travel

Make the Best Out of your money When on a Foreign Trip

Dan by Dan
06/05/2019
in Travel
25
12
SHARES
48
VIEWS
Share on FacebookShare on Twitter

Congratulations on finally making the decision. You are going to your favourite place abroad which you always dreamt of going. But there is a hitch – the currency of your country does not work there. You might think of exchanging it to that currency once you reach there. But this is not that a good option. In this article, we shall see some of the good and bad options for getting that cash to spend in your dream destination.

Why should I exchange currency?

Each country in this world has its own currency which has its own value. For example, the US has its US Dollars, the European Union has its Pounds or Euros, India has its Rupees, Saudi has its Dirhams, Japan has its Yen, etc. The currency of one country will not be valued in another. International travellers have to convert their money from the currency of their homeland to the currency of the destination. What they basically do is to purchase the currency of the destination country with their money.

But this is not that easy. The currency exchange rates fluctuate each day, depending on the condition of the international market and the economic status of the countries.

With these details, let us now look into a few bad ways to convert currencies.

Bad ways to convert currencies

Converting the currency in Airports, currency exchange centres and so on are not so pocket-friendly because there always will be some commission levied. This commission will mostly be higher than other methods we discuss in this article.

The same way, using your debit or credit card directly in a foreign land is also not a good idea because you will be levied higher transaction rates (up to 4% in each transaction).

Never get fooled by the “No Commission” boards found outside the exchange offices. The commissions will be included in the exchange rate itself.

Good ways to convert currencies

#1 Choose fee-free cards for overseas spending

Some banks offer fee-free spending in foreign countries through specific debit or credit cards. The exchange rate you will be communicated will be the rate found on the day of the transaction and not on the date of purchase. This will protect you against inflation during the trip.

You may also choose e-wallet cards like the Curve Smart card and link it with your credit or debit card. This prevents any foreign transaction charges by your bank.

A prepaid card will also be a good idea if you want to save money and also if you are on a budget.

#2 Pay in the local currency

This is a golden rule when you are on an overseas tour. Though it might be tempting to choose your own currency, remember that the money charged will depend on the exchange rate fixed by the foreign bank. Also, carry some change in the foreign currency to tip off or do some street-side shopping.

#3 Find the best ways to cash out

If you draw from local ATM’s, the bank might charge you transaction fees. So, try to cash out money from the special cards like Curve Smart card. This might save some money on the exchange rates.

So, these were a few tips on making the most out of your savings for a foreign trip. Never pay an extra penny and waste your precious savings on it. Happy Journey!!

Share5Tweet3Share1

Related Posts

The Complete Guide To Canoe Camping

The Complete Guide To Canoe Camping

11/12/2020
13
Experiences in North England that you must do with your woofer

Experiences in North England that you must do with your woofer

01/10/2020
21
How to Get the Most Out of Your International Vacation!

How to Get the Most Out of Your International Vacation!

19/08/2020
13
Taking a look at 7 eccentric UK traditions

Taking a look at 7 eccentric UK traditions

07/08/2020
27
Thomas Cook Travel Cycle of Airlines

The Travel Cycle of Airlines

29/05/2019
76
Boost Your Holiday Cash

On Your Travels? Four Top Ways To Boost Your Holiday Cash

07/05/2019
44
No Result
View All Result

Looking for writing opportunities

Get in touch to find out more.

Start Writing

Latest News

  • Trending
  • Comments
  • Latest
TalkTalk

TalkTalk: How To Make Customer Services Listen To Your Complaint?

07/05/2019
American stock market

How the American stock market is being affected by the current presidential run of Donald Trump

10/05/2019
Relationship Between a Debtor and a Creditor

Debt, A Relationship Between a Debtor and a Creditor

10/05/2019
Organising A Temporary Industrial Plant Shutdown

Organising A Temporary Industrial Plant Shutdown

05/12/2019
DB Transfer Inflows

DB Transfer Inflows At BJ Bell Half Over 12 Months

Hertz Deposit

£500 Hertz Deposit that somehow went “Undetected”

Fuel Efficient Petrol Cars

The Most Fuel-Efficient Petrol Cars You Can Buy

New Tax Reforms

Buy To Let Business Took A Hit In London With The New Tax Reforms

Northern VA Dog Walking Company Educates On Pet Sitting

Northern VA Dog Walking Company Educates On Pet Sitting

07/01/2021
Author Edwin Cruz Releases New Memoir – In Society’s Web

Author Edwin Cruz Releases New Memoir – In Society’s Web

23/12/2020
“Margaret Beaufort of Bourne, Collyweston, Maxey and Deeping: The Tudor Dynasty” by Margaret Wainwright is published

“Margaret Beaufort of Bourne, Collyweston, Maxey and Deeping: The Tudor Dynasty” by Margaret Wainwright is published

23/12/2020
DSPs are undermining their own 5G investment. Here’s why (and how to fix it).

DSPs are undermining their own 5G investment. Here’s why (and how to fix it).

23/12/2020

Quick Links

  • Home
  • Authors
  • Contact
  • Write for us
  • Sitemap

Browse By Topic

  • News
  • Business
  • Finance
  • Lifestyle
  • Entertainment
  • Politics
  • Property

Recent News

Lifestyle

Northern VA Dog Walking Company Educates On Pet Sitting

07/01/2021
17
Books

Author Edwin Cruz Releases New Memoir – In Society’s Web

23/12/2020
27

© 2019 PostRadar

No Result
View All Result
  • Write for us
  • Get in touch
  • Home
  • Topics
  • Business
  • Education
  • Energy
  • Entertainment
  • Finance
  • Legal
  • Lifestyle
  • Politics
  • Property
  • Science & Technology
  • Transport
  • Travel

© 2019 PostRadar.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.Accept Read More
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled

Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.

Non-necessary

Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.