Where to exchange foreign currency? is the first question I asked if we're traveling abroad. Foreign currency is important when we travel abroad whether it is for leisure or business. My husband travels a lot in his job and it is important he has some foreign money in his hand like getting a taxi.
There are so much ways to exchange foreign currency. The best thing you have to do is to research what is your preference, but us who wants easy ways, and we have an idea how much we needed.
Airport:
Mostly airport has exchange foreign currency and for me is only good for a small amount that you needed for a day.
Banks:
I'm not really a bank person because of all the paper works you need to fill-up and mostly banks closed early and they have fees.
Foreign Currency businesses:
This is popular in Asia and convenient.When I went there you could see a lot of foreign currency businesses like in hotel, mall and some in the big city. You have to check the exchange rate in the market to get a good deal, pretty much they are closed to the exchange rate of the day.
I remembered, I went in Asia, my husband find out the currency rate.It is important you have an idea how much the value of your money and you can budget all your expenses.
Travel Tips and ideas:
Traveler Checks:
We use one time the Traveler checks which is safe and good but has poor exchange rate and we don't like it.
Hidden Cost:
Credit cards is good and safe when traveling abroad but remember most credit cards has foreign transaction fees between 2- 3% the amount of each you purchase and this will add up easily. If you traveled frequently it is is good to apply the credit cards that has no foreign transaction fees.
Like us, we have a credit cards that has no foreign exchange fees which is pretty good and we usually use it in large purchases.
Cash or online foreign currency provider:
Cash is king or an online foreign currency provider. This is the best way to budget your money without breaking the bank and you can track all your expenses easily.
Thanks for the tips:) your pictures are awesome:)
ReplyDeleteBonggang tips sis! Kaya lang, wala pa ako passport so I ain't going anywhere, hehe!
ReplyDeleteNice tips here! the fear of traveling foreign is when you get to run out of funds where will you run? lol! That's why it's good to have enough cash and plan ahead of time as to how much will you spend in the travel. Haven't traveled foreign though, maybe someday . he he
ReplyDeletesome of my traveler friends said it's best to exchange currency at the airport as they give higher rate and more importantly it's safe, unlike when do it in some forex center, where there are some hokus pokus that might happen (not in all)..
ReplyDeleteWhen I went to Malaysia I first exchanged some Philippines money in the airport and later on, on the hotel where I stayed at for about 2 days! :)
ReplyDeleteSound tips. I'll remember them so when the right time comes that ii can go on a travel tour, Alam ko na kung saan ako magpapalit ng currency.
ReplyDeleteYeah it is important to know where you could exchange your money otherwise you will starve to death. If I would go to some places here in our country I always look for Cebuanna Lhullier so even if I am in a province, my husband could still support me wherever I am. :)
ReplyDeleteI usually have US dollars whenever I go to other places.
ReplyDeleteahhh, so true, i hate the foreign transaction fee in bank debit cards too, thankfully, my credit card does not have foreign transaction fee. great info Mhie, and I super love your pictures, especially that first one, so beautiful.
ReplyDeletethis is really important tips when traveling outside the country.
ReplyDeletegreat tips that came with stunning photos. awesome post! a fan of your photography. ;)
ReplyDeleteThank you so much for the very useful info...will check out what you suggested here later; and yes the photos are so beautiful! Blessed day on your side of the world today...
ReplyDeletethanks for the tips, when we travel we use our credit cards and there are no extra charges so far, but I am referring to purchases, coz if you use it for cash advance, expect for a cc fee, :)
ReplyDeletevery informative.... i'd sure bookmark this just in case i need to know where to exchange incase we travel
ReplyDeletecheers!
didn't know where to actually look for a currency exchange that one that gives you a good value...but thank you for your information, that helps
ReplyDeletegreat information...thanks for sharing. i always changed in our based country small amount before traveling or in the airport. but the rest, atm withdrawal, hehehe, but i hate the foreign transaction fee, lalo na sa pinas tapos may limit pa ang withdrawal, hayyyaayyyay! :)
ReplyDeletethis is the first thing that i would ask to whenever we go to other countries. but so far ive been only at Taiwan. and it was tough to find a place for currency exchange there since people dont speak english.
ReplyDeleteWe usually change the money through the bank that what hubby did before and even myself who has Philippine money before and we exchange it to US dollars.
ReplyDeleteAll these things we should keep in mind when traveling abroad. Making sure we have enough cash to spend/ credit limit in credit/ debit cards for the trip is necessary. You've made a perfect run-down of the topic, Mhie. Well done!
ReplyDelete