Planning a holiday abroad? One of the biggest headaches travellers face is handling money efficiently without falling victim to poor exchange rates or hidden fees. Here’s how to make sure you get the most out of your holiday budget.
1. Avoid Airport Exchange Bureaus
Airport currency exchange desks are notorious for offering poor rates and high fees. Instead, order your travel money in advance from a reputable provider or withdraw cash from an ATM at your destination for better rates.
2. Use a Specialist Travel Card
Prepaid travel cards allow you to lock in exchange rates before your trip and avoid dynamic currency conversion charges. Look for cards with low or no foreign transaction fees.
3. Beware of Dynamic Currency Conversion
When paying by card abroad, you may be asked if you want to pay in your home currency. Always decline—this service often comes with inflated exchange rates.
4. Notify Your Bank Before Travelling
To prevent your card from being blocked for suspicious activity, inform your bank of your travel plans in advance.
5. Carry a Mix of Payment Methods
While cards are convenient, some places still prefer cash. Carry a small amount of local currency for emergencies and use cards for larger purchases.
By following these tips, you can avoid unnecessary costs and enjoy a stress-free holiday without money worries.
