When you travel abroad on holiday or for business it is important that you have foreign currency to pay for anything you want to buy. In order to have the money available in local currency you will need to purchase it prior to your trip, if you want to get the best currency rate.
Finding out about the best currency rate
Many people before travelling will like to take a look at the exchange rate for the currency that they want to purchase. You might be surprised to learn that this can vary quite dramatically between currency sellers. Some people will go online to check out the best currency rate whereas others will check with their travel agent. However, you need to be aware that this rate can vary between sellers, so you should think about who you will buy your currency from in plenty of time.
What are your options?
When it comes to buying foreign currency there are several places you can do this. Most banks will offer a foreign currency exchange where you can go and purchase your currency. However, with this option you will need to be aware that some currencies are not always in stock and could need to be ordered in plenty of time. So if you are planning on going on a last minute holiday, this might not be the best for you.
Post offices also offer a foreign money exchange service and this is becoming more popular, yet like banks you will need to speak to the post office in good time to ensure they have the currency and the amount of currency that you require.
Travel agents also offer foreign currency and these will tend to have plenty of currency in store. Here you will find that you can get quite a good exchange rate and you do not normally have to pay very much to get your money exchanged. Many people will find that the rate that is charged to change their money can be quite high in some travel agents, which can put a lot of people off.
Buying currency online is another option that has been used in recent years. Using this method can help you to find the best currency rate, as well as being very convenient.
Finally, it is also possible to obtain a pre-paid currency card that you can use on your holiday. Not only will this method help you to get the best currency rate, it is also a safer way of getting your foreign currency. These cards are used just like a debit or credit card and they are very popular with people who want to get the best currency rate when they go abroad.
Choosing the best currency rate
If you would like to be able to get the best currency rate it makes sense to purchase currency on a pre-paid currency card. You can choose to load your card when the currency rate is good and get the best currency rate possible. So if you want to make your money go further, this is a great way to do it.
The FairFX card offers some of the best exchange rates around with no hidden fees and the added security of MasterCard. Apply now.
Thursday 18 March 2010, 09:28am
Travelling comes with its own responsibility. Depending on the country you are travelling to, you have to ensure you have had all the right vaccinations and are wary of the country's social economy such as high theft rate or kidnapping. However, once all these have been thought about it is important that you carry the foreign currency with you.
Buying foreign currency means that you won't have to use your debit or credit card upon arrival thus preventing any possibility for fraud. While relaxation and enjoyment of the climate might be the key factors on your mind, buying foreign currency before travel also means that you won't spend more than you really need. There are many ways and places that you can purchase your foreign currency, making it easy for you when you are considering buying foreign currency from the many vendors that are available.
Travel store
It is often easy for you to buy your foreign currency while you are at the travel store where you are buying your tickets. This convenience in buying foreign currency is made possible because you are already there and in a sense you are killing two birds with one stone. While this is an easy way of buying foreign currency you still have to be sure you understand what commission they are going to charge you. People forget that they are charged a commission, which means that you end up with less money that you should have. This can be annoying especially if you have calculated online how much you might receive when buying foreign currency.
Bureaux de change
There are many bureaux de change stores where you can start buying foreign currency. These are often located on high streets or at airports. While it might seem like a logical place to go, the bureaux de change will often charge people large percentages when they are buying foreign currencies from them. People who desperately need to have money use this option and it is not a good idea to be in this situation. Being prepared early with your holiday plans will make it easy for you to not have to keep buying foreign currency at such high rates leaving you with less than you bargained for.
Prepaid foreign currency card
Losing your money through fraudulent actions in a currency can be a serious pain. When these things happen it can be hard for you to do the simple things that make you enjoy your holiday. Carrying cash or cheques is not always the best idea as that can make you an easy target to thieves. More and more people are finding that using a prepaid foreign currency card is the best option currently available.
The FairFX card offers some of the best exchange rates around with no hidden fees and the added security of MasterCard. Apply now.
Wednesday 17 March 2010, 02:21pm
Relaxation is the best way of getting back some of the energy that work and life take from you. Going on a mini-break or holiday is key in ensuring your well-being. There is an inventory that you will need to make before you go abroad, and this is not at all time consuming.
Ensuring that the country you wish to travel in is safe and that your debit and credit cards will be accepted is one of them. Online booking of travel means that you don't have to waste time going to a travel agent. Instead, you can book your flights sooner rather than later.
Having enough money to spend is important as is the need for you to get the right foreign currency. Always ensure that you have money for contingencies such as theft or having your luggage stolen. Foreign currencies mean that you don't have to worry about using your credit or debit card and instead you can have an fx mastercard.
Post Office
The post office is known for providing you with commission free exchange of money. That is why so many people are willing to give up some of their lunch hour and queue up at the post office. You can also find that you are able to buy your currencies online from your local post office and just have to pick them up. The reason for this is that you might be able to also purchase your travel insurance at the same time.
It all boils down to what you want and need. The fx mastercard is a rather useful tool in that you are able to get the foreign currency you need and eliminating the need for cash. When you take out large sums of money in a foreign country you are making yourself vulnerable to thieves who would want to part you with your hard earned money.
Online
The internet has made it easy to manage your holiday trips. That is why people are always keen on getting their fx mastercard or their foreign currency online. When it comes to purchasing foreign currency you have to be aware that sometimes companies will charge you a commission. This is applicable to even buying your foreign currencies from your local bank.
While everyone might be screaming from the roof tops that they can give you the best deal you have to be wary of this. This is not to say that you are not able to get a great deal, but the exchange rate and the sellers own commission has to be taken into consideration. Having an fx mastercard can help you by preventing you from having the need to carry cash which can make you vulnerable.
FX mastercard
When it comes to getting rid of the hassle associated with buying foreign currency then the fx mastercard is the best way. You do not have to carry large sums of money with this foreign currency prepaid card. All you have to do is ensure that you have put in the amount of money that you want in the foreign currency that you will need.
With the FairFX Currency Cards you get market leading exchange rates, the security of a MasterCard, and fee-free payments. Apply today.
Wednesday 17 March 2010, 09:08am
