Wednesday, August 27, 2014

Don’t lose money on foreign currency exchanges

When traveling out of the country, how much foreign currency should you bring? And how can you be sure you're getting the best exchange rate – without the hidden fees?

This article in the Globe tackles the topic, offering five money-saving tips for exchanging foreign currencies on vacation. The best tip, in my opinion? Find a credit card that doesn't charge an extra foreign exchange fee – there are a lot of them – and use it for as many purchases as you can. Supplement that with extra cash from the bank (obtained before you head to the airport) and you should have enough for cab fare, tips and cash-only emergencies. 

What is your foreign currency strategy? How much cash do you bring when leaving the country?

No comments:

Post a Comment

Your comments are not only welcomed but encouraged. It is not expected that you will always agree with what I have to say. After all, it's an opinion.