When traveling abroad, it is important that you enough local currency in cash so that you do not end up stranded or lost in a foreign country. With the many ways for you to exchange your foreign currency, it has become a lot simpler to handle money overseas. However, here are a few tips to keep in mind before you get all excited and start packing for your trip:
Exchange Enough Money before Leaving
Although you can exchange money on the airport once you land, it is better to have some cash on hand before you arrive at your destination. Plus lines, conversion fees and exchange rates are not the best when it comes to exchange money at the airport. Having cash on hand can be useful because you will never know when you will need it.
Use the ATM
One of the best places to get your money exchanged is the ATMs. This is the easiest and most convenient way to exchange money especially when traveling to big cities. Most ATMs also accept major American banks so you are good to go. Banks also give the best exchange rates at http://buzzsouthafrica.com/dollars-to-rand/ so this will cost you less than going to a money exchange establishment. Before you leave, make sure that you have contacted your bank informing them of you travel and check if your pin works in the countries you are visiting.
If you plan to use your credit card on your trip, you should call your bank first and find out if it charges any additional fees every time it is swiped overseas. If it does, you should find one that does not so that you do not end up with a massive credit card bill once you get back home.
Also learn more about the country you are traveling to. Find out whether they charge for their toilets or something like that. You would be surprised at how many countries do this, the last thing you want to happen is being blocked on the way in while having a very full bladder.
Call Your Bank
Before you leave the country, make sure that you contact your bank(s) and inform them of your travel plans. This is because they might find the foreign transactions fishy and temporarily deactivate your account. The last thing you want is a decline credit card.
Know the Conversion Rates
While you are enjoying your trip overseas, you should still be mindful of how you spend your money. Be sure to be updated on the dollar to rand exchange rate so you don’t get carried away with shopping. You can easily look up how much the rates are or check online currency converter websitesat http://buzzsouthafrica.com/dollars-to-rand/. The best way to be prepared is to do your research ahead of time.