How can you minimize these expenses and get the best exchange rate when traveling in a foreign country? Read on to learn how to evaluate exchange rates, avoid pesky fees and stretch your money further on your next trip abroad. The only way to know if you are getting the best exchange rate is to know what the current rate is!
Before you leave for your trip, check out our handy currency converter below for an idea of what exchange rate to expect. Note: The rate shown in the converter below is the interbank rate.
For more info, see below. Try to use credit cards whenever possible for large purchases such as hotel bills, tickets and car rentals. However, keep in mind that many credit card companies add fees for transactions made in foreign currencies.
The Post Office says buyers can pick up their euros and dollars two hours after the web order is made. Tesco will let you collect those same currencies in four hours.
The majority of Britons using a debit card at a foreign ATM will be charged a 2. The Halifax Clarity credit card has no overseas fees when you use it to buy things in shops or use cash machines. ATM withdrawals incur interest, even if you pay off the card in full each month — but the charges will be negligible.
For advice on how to save for a holiday, check out this handy guide. Did you find this guide helpful? Yes No.
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