You should always take a mixture of cash and cards away with you so here are our tips for getting the most from your money.
Read more here: http://www.where2holiday.com/holiday-extras/get-best-deal-your-travel-money
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Get the best deal on your travel money
1. Get the best deal on your travel money
Holiday Extras
2. What’s this all about?
The actual money we spend while travelling is a large
proportion of money we save up, which means it is even
more important to ensure you get the price possible when
exchanging your cash into foreign currency.
You should always take a mixture of cash and cards away
with you so here are our tips for getting the most from your
money.
3. Learn the lingo
Foreign exchange has its own language so don’t get sold
short by phrases you don’t understand when changing your
money. Sell rate is what you get when you exchange your
currency, while buy rate is what you’ll get back when you
exchange leftover currency.
4. Investigate the currency
Some countries have particular rules regarding their
currency, for example in Tunisia it is illegal to take any
Tunisian currency outside the country so you don’t want to
have hundreds left over. Cuba even has 2 currencies – one for
tourists and one for locals! Do your research because you
don’t want to miss out.
5. Monitor the exchange rates
If you didn’t know already, currency fluctuates constantly so
the price you can get it for can change day to day. Watch the
currency rates and buy when the rate is climbing to get the
best deal.
6. Pre-paid cards
Another alternative to carrying around cash is a pre-paid
card. You load the card with money beforehand and then you
can use it as a debit card in the country you’re visiting, using
that countries exchange rate at the time. Make sure you
always read the small print as there can be limitations.
7. What now?
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Get the best deal on your travel money