Whether you travel for business or pleasure, you want as much spending money as possible for the things you enjoy. Losing a chunk of it to a poor exchange rate is easy, because rates change constantly. Here is how to get the best available deal.
1. Don’t leave it to the last minute
Too many travellers only think about currency a few days before departure. Airports and tourist kiosks usually offer some of the worst rates, so start planning about a month ahead and buy at a good moment.
2. Track the exchange rate
Following the rate for a few weeks helps you spot a good time to buy. Currency brokers offer tools that show historical movements and sometimes expert forecasts – this TorFX review explains how they work. With volatile currencies, good timing can save you a lot.
3. Shop around
Compare brokers, banks, travel agents, bureaux de change and even supermarkets. Ordering online with home delivery is often, but not always, the cheapest option; for small amounts, a delivery fee can wipe out the savings.
4. Beware of fees
Understand exactly how fees are charged before you agree to anything. “Fee-free” offers often hide the cost in a worse exchange rate. Buying currency with a credit card usually incurs a fee, while a debit card often does not.
5. Haggle
Many people accept the first quoted rate, but currency sellers will often improve their offer if you ask. They still profit from the sale, and you have nothing to lose.
Saving on currency leaves more to enjoy on your trip. For more travel inspiration, visit our Travel section or read about pet friendly caravan parks.
