How To Buy Money Abroad

Image via Chris Lawton on Unsplash

How many times did you spend more money on your vacation than you planned, and not because of over shopping but because of not knowing where to buy money abroad? Follow this few steps to avoid losing money on your travel.

Where to trade your money?

This is the first and the most important question. If you don’t want to get scammed, you should remember once and for all, that trading your money with a street vendor is a big no-no. They offer the worst exchange rates. Exchanging money at airports and hotels is also a mistake. The safest place for buying money is at the exchange office or at the post office.

What is the value of your money?

Before traveling to a foreign country you should check the currency you are after and know the currency you are trading. This is the best way to avoid the pitfalls of currency exchange. Look at recent patterns of exchange rates, the best and the safest one is the national exchange rate list.

Cash or credit card?

Credit cards are always the best options, as long as you shop carefully; be aware of exchange fees charges. However, there are countries with only a cash economy and where debit cards do not work.