Holiday Money - Get The Best Exchange Rates on Holiday Money
How to get the best exchange rates when buying your Holiday Money
General Information
The online information area for all things related to Holiday Money
Finally, it is the holidays – the moment you’ve been waiting for all year! While the skies stay firmly grey, you know you are off somewhere warm and sunny to recharge your batteries. Today, it is pretty easy to organize a trip abroad – there are countless websites and companies offering cheap package deals and weekend trips.
So you have booked the flights and found a great hotel, what next? Holiday Money is something that you will most probably consider before you log off the computer. But isn’t it just easier to take your debit or credit card with you and use that to pay while you’re away?
Most money experts would gasp with horror at the very thought – why, have you noticed how much money is taken off in fees and charges when you make a purchase or withdrawal abroad? Often you can lose a significant amount each time you use your card. Therefore, it is wise to consider the alternatives...
You can start by finding out which is the cheapest way to spend money abroad. The easiest way is to find a Holiday Money provider and exchange order cash. Another form of travel money is the traditional travellers cheque. These are a safe way to carry currency abroad – if they get stolen you can order new ones with ease.
Finally, you might consider a prepaid FX card. This is a fairly new form of travel money and works similarly to a credit card. You simply load the card with your chosen currency (and your chosen amount) and benefit from very favourable exchange rates.
Where can you Get Holiday Money?
This is the easy part – simply search for travel money providers online. There are so many to choose from, and you will easily be able to find one which has a great exchange rate. This is vital if you want to save as much of your hard-earned cash as possible!
Most online providers will have other competitive features. For instance, you can order your currency and have it delivered to your door – next day. This is usually dependent on what time you make the order. You will unlikely be charged commission, though check this beforehand. Which type of holiday money you choose is up to you. Using an FX Card is great but if you are visiting a country which does not accept cards then an FX Card is unlikely to be of much use.
How can I find a Good Exchange Rate?
Using a good comparison site can find you the best exchange rates easily. Make sure the site provides “unbiased” comparisons and reviews, then use their travel money section to see providers listed out. Doing this makes the search much quicker, and you might even want to read some of the reviews, too. These are often written by people who know about money matters and can advise where to get the best deals.
Once you have chosen a favourable rate, make sure you check the other features of the provider! Can you arrange to have your currency delivered to home or will you need to pick it up? If so, where from?
Why is Online better than Airport?
It is so easy to leave holiday money to the last minute and end up purchasing currency at the airport. Any money expert will say that in doing this, you are wasting money. Why? Because a regular bureau de change at the airport or on the high street will charge you much higher exchange rates than online providers. Then, they might add commission fees on top. So in the end, you lose money!
Next time you organize your holiday, make sure travel money is sorted at the same time as the flights! You’ll make a huge saving.
Sites of Interest - Finance
Please find below some other sites of financial interest. Have a browse!