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Foreign Exchange — 16 Comments

  1. Thanks for this awesome guide on Foreign Exchange. There are some solid points discussed here in this content. You must also be careful when you’re transferring the money as many of the New Users keep this step for the last time and get himself in trouble as the foreign exchange rates change constantly.

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    • thanks for your comment Dora.

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  2. I used to get cash from our back for the currencies of the country I was visiting but the transaction fees were high. I now have a debit card that I use in the country I’m visiting using banks ATMs to get cash that incurs no fees and the exchange rates of the local banks are usually the best. I also carry a credit card that also incurs no transaction fees. I think it is good to investigate all possibilities a month or two before a trip.

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    • We often go places where there are no ATM’s but a debit card does make a lot of sense 🙂

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  3. Always take cash and the credit card for emergencies only. I would suggest exchanging any left over cash at the airport before coming home too, I currently have about $50 in random Asian currency in the bottom of my handbag. Not helpful at all! 🙂

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    • Nope, not helpful at all to have random currencies lying around!

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  4. Thanks for this useful post, Tandy! I had the same doubt too, but now I know 🙂

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    • My pleasure, and thanks for the visit 🙂

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  5. Great tips!! I really want to travel overseas so this is good to know! Thanks Tandy! 🙂
    Cailee sharing the blog ♥ What I Ate Wednesday!My Profile

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    • My pleasure Cailee 🙂

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  6. This is great advice Tandy! When I was with my sister visiting France, we had a huge emergency and no cash on hand (we were just 2 girls girls and afraid then). Then we needed a taxi and found we had to pay in cash. Disaster.
    Laura @ Raise Your Garden sharing the blog ♥ Using wood ash in your garden and lawnMy Profile

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    • That is a huge disaster. I hope you never experience that again Laura.

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  7. Oh that’s a good tip for limiting the spending! The AUD isn’t as volatile as the rand but it’s a good idea because we tend to overspend.
    Lorraine @ Not Quite Nigella sharing the blog ♥ The Best Hamburger Milk Buns & Win a $100 Voucher!My Profile

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    • At least your currency is strong, but budgeting for me is important 🙂

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  8. I guess I’m lucky as most of my travel nowadays is within the UK or Europe and I can use accounts I have without incurring commission or costs. When venturing further afield I tend to take cash out using a debit card if I run out and only use the credit card for larger transactions.

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    • We can get a debit card here as well, but in a lot of places we go there are no ATM’s 🙂

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