Choosing the best foreign currency to exchange your money for, all depends on where you’re going. You can exchange currency in many places on your way to wherever it is you happen to be going. Your other options are to exchange when you get there butthe best choice is to exchange it online beforehand.
The best foreign currency exchange possibilities are online. It just makes more sense than the other choices offered. First of all it’s convenient. You just sit in front of your computer, type in your search terms, and voila! There you are on your way to finding a place that will exchange your currency for the foreign currency of your choice. There are also plenty of choices you have when it comes to how you’d like to receive that currency and how much you want to get. You have so many choices and everything is so convenient, there’s no way you can go wrong. Well, unless you wait to exchange your money when you arrive. Then you’d have to pay inflated prices just because you have to. Once you’re there, you don’t have that much of a choice.
There are a wide variety of currencies you can exchange for online. You can just search for the particular type you need and results will pop up all around you. If you’re going to any countries that are a part of the EEU then your best bet would be to exchange your currency for Euros. They are more widely accepted today than ever and many places who are not a part of the EEU are accepting Euros as the best foreign currency to be used.
The best deals you can get on foreign currency are on travel money cards. While they are a relatively new technology, they offer highly competitive exchange rates, simply because issuing money on plastic is much cheaper for many companies than having the infrastructure to provide you with cash. As well, they tend to beat the rates on debit/credit cards, since they are often run by dedicated companies who are used to trading only in forex.
FairFX offer prepaid holiday money cards which give some of the best exchange rates on the market. Have a look today, and see how much you could save on your next trip.
Monday 08 March 2010, 05:20pm
If you use the FairFX travel money card, you will get much better tourist exchange rates when you're abroad. Compare our rates now, and see how much you could save!
Here is a look at the various tourist exchange rates you will get with different options.
Cash, although simple to use, is not very secure. If someone were to steal the cash you have on you, you are just out of luck, as there is no way of getting it replaced. If you do decide to be brave and use cash anyways, you will still need to exchange it for the local currency used in the country you are visiting, so you will need to look at the tourists exchange rates to see how much your money is worth in foreign currency. If you are using a popular currency like the Euro or US Dollar, you may not have to convert it, as many businesses will likely accept it. But you won’t know until you get there and this of course depends on where exactly you will be traveling to.
Another option is to use a credit or ATM card. Using a card is a secure, fast and convenient to buy travel money at the best tourist exhchange rate. If your card gets stolen, you can have it cancelled with a quick phone call and a replacement card will be on its way. The one downside to credit cards is the accumulating interest that will build up over the course of your travels, unless you plan to pay the card off in full that month. ATM cards are just as convenient, but depending on where you are going, it may be hard to find an ATM machine to use.
Another currency exchange tourist option is to use a prepaid travel card. This option will give you perhaps the best tourist exchange rates possible, usually 2-8 percent better than using cash or traveller’s cheques. These will be accepted anywhere that Visa and MasterCard are taken. These cards are just as easy to use and carry as credit cards and offer even better security with a prepaid limit, which means that the rest of your account isn’t accessible to thieves.
Apply today with FairFX, and see the great rates we offer with prepaid currency cards.
Monday 08 March 2010, 09:46am
Most everybody realizes that it is not a smart idea to travel with loads of cash in your pocket. If someone should happen to steal it or you end up dropping it somewhere, tough luck. There is absolutely no way to get your money back, as nobody is going to replace it for you.
Traveller's cheques' days are numbered
That is originally why things like traveller’s cheques took off, as they offered greater security compared to cash. If you lost your traveller’s cheques or had them stolen, you simply made a phone call and they were quickly replaced. But just like regular cheques, traveller’s cheques are rapidly being replaced by plastic cards that are both secure and convenient to use. One such card you can get is a travel MasterCard.
Prepaid currency cards are the new travel money solution
Now you may be asking why should you use a travel MasterCard when you already have a credit card sitting right there in your hands. One reason is credit cards will charge you interest on any and all purchases you make while traveling. And with interest rates climbing the way they are these days, that accumulated interest will start to add up really fast. Another reason people would rather use a prepaid card instead of their usual credit card is so that they can control their spending. A credit card will allow you to spend as much as you want until you reach the spending limit, which usually totals in the thousands of dollars for most people. With a prepaid card, you put money on the card first and then that is the total amount you have to work with.
MasterCards give you added security and peace of mind
With a prepaid MasterCard, since the card is issued by MasterCard, the most widely accepted card company there is, you should have no problem finding businesses that will accept your card. Some people may prefer to use their debit card from their own bank account, and while that certainly works too, you want to be careful in doing that.
If someone should happen to steal your prepaid card, you will only have lost the amount you put on the card to start with. With a debit card, the thief will be able to clean out your entire bank account. Now, obviously you can report either card stolen and will eventually get all of your money back, but in the meantime, having an entire bank account wiped out could cause problems, like accruing many late fees until the matter is resolved. A prepaid travel MasterCard also offers added security over credit and debit cards, in that you need a PIN number in order to use it.
Apply for the FairFX currency card today, and see how much you could save on your next trip.
Friday 05 March 2010, 01:53pm
