Travelling Abroad? You might have made your checklist ready with all the essentials that are to be carried. You might have even planned your Itenary. But what about money exchange? While travelling abroad it is one of the most important points to be checked. So to help you not lose any money in Forex, here are some tips. Make note!
1. Don’t Hurry Last Minute
It is advisable to keep your foreign exchange ready a week before your departure. This is because the rates keep fluctuating and if the rates are higher you have days in your hand to wait for them to decrease. This will keep you organised and you can easily avoid last minute hurry.
2. Don’t Go For Airport Outlets
Going for airport exchange options can charge you a bomb. They actually charge you a commission ranging between 10% to 15%. And because you don’t have any other option, you have to give in to the demands.
3. Compare the Rates
Exchange rates differ from person to person. Before finalizing make sure to compare the rates with at least 3 to 4 dealers. This will help you in sealing the best deal for you. Here Are 8 Mistakes Most People Make That Turns Best Trips Into Worst Nightmares.
4. The 30-70 Rule
Get a rough idea of the amount you would require for the whole trip. Now make sure to carry 70 per cent of the amount in your forex travel card and 30 per cent with you to pay on travel. A forex card is way better than cash currency as you get a better rate.
5. Extra Forex Card
You can easily get an extra forex travel card along with your original one. Most of the money changers do not charge anything extra for a spare car and even if they do it’s good to be on the safer side.
Also Read: 10 Ways To Make Long Haul Flights More Comfortable