Before going on holiday or taking a trip abroad there is often so much to think about. With so many things to plan it makes sense to ensure that you are getting the best rates of exchange for your money. If you can find a great exchange you will find that you can purchase much more foreign currency. So, how can you go about doing this?
Check out rates to find the best rates of exchange
To start with you will probably want to know what the exchange rate is for your particular currency. Rates will vary between money exchanges, so it really does pay to do your homework before you even consider buying currency. One really good way to find out the best rates of exchange is to go online and find a currency converter that is linked to the current exchange rate. Here you will be able to see what the current rate of exchange is and this can give you a good idea of what to expect when it comes to purchasing your foreign money.
Purchasing your foreign currency
When it comes to purchasing your foreign currency you will, naturally, want to go to the best place possible, where you can get more for your money. You might be surprised to learn that exchange can vary between different money exchanges, so you need to know which has the best rates of exchange.
Banks will typically offer a reasonable exchange rate, as will post offices, but this can sometimes be lower than other sources. You might also find that when it comes to having any unused currency converted back to sterling you have to pay quite a large percentage.
Travel agents are another very well known place to purchase foreign currency from and here you will find that the exchange rate will vary on a daily basis. Whilst this can be a good way of getting the best rates of exchange you could find yourself having to wait for this to happen. Obviously, this is no use to you if you plan on travelling in the very near future.
Prepaid currency cards are now considered to be one of the most straightforward and best rates of exchange. Using prepaid currency cards is so easy as they work in very much the same way as a prepaid debit card. You simply obtain the card, load it with money and then you can use the card while you are on holiday. If you run out of money during your trip you can easily top up your card and have more currency to spend.
Which is the best method?
If you are looking for a totally flexible way to purchase your currency and take advantage of the best currency rates a prepaid currency card is ideal. Not only can you use it just like a credit card you can also benefit from the best currency exchange rate when you load the card. So if you want to get the best rates of exchange for your money opt for a prepaid currency card and get more for your money.
Friday 09 April 2010, 10:10am
Do you know where to turn, when you want to get the best exchange rates for travel money? If you are like many people that are getting ready for a holiday, you might not realize there are more affordable options than the Post Office, HSBC or Travelex Heathrow. In fact, many of the exchange bureaus and kiosks don't give you the best exchange rates for travel money, despite what they might claim. In fact, the best exchange rates for travel money and the lowest transaction costs are available through the purchase of the prepaid currency cards.
Why Are Prepaid Currency Cards The Best Exchange Rates For Travel Money?
The reason that prepaid currency cards offer the best exchange rates for travel money is that they are an Internet-based business that doesn't have the rent and other overhead costs. Because they have negotiated the best two-way currency exchange rates, they give you more for your exchanged currency than the other options that most people have to buy holiday money. Depending on how much currency you are exchanging for your travels, this can make a big difference in how much you have to spend during your holiday. There can be other reasons to consider prepaid currency cards for your holiday, besides the best exchange rates for travel money.
Safety, Security and Convenience of Prepaid Currency Cards:
When you are going for an overseas holiday, safety and security are important things to consider. You don't want to carry large amounts of banknotes with you and convenience can be important. Other options, like travel checks, can be inconvenient and keeping track of your credit cards that charge interest, might not be the best way to get the things you need when on holiday. With the prepaid currency cards, you not only enjoy the best exchange rates for travel money, but they are a prepaid MasterCard with chip and PIN, so you have safety and security, along with convenience. You can use them at hotels, restaurants, and tourist attractions, but you can access currency at ATMs, if you need to.
Is It Difficult To Purchase Prepaid Currency Cards?
It is quick and easy to set up an account and purchase prepaid currency cards. You can enjoy the best exchange rates for travel money because you get the most for your exchanged currency and you don't pay commissions. The account setup is part of your initial purchase and you can choose from 3 options to get your currency exchanged. While the prepaid currency cards are the best choice, some people choose to have banknotes delivered through insured mail and there are 21 currencies to choose from. In addition, if you have a foreign currency bank account, you can have the money transferred and still enjoy the best exchange rates for travel money. When you are ready to go on holiday, you can use the Internet to have easy access to an online account and purchase your prepaid currency cards to take on your travels, which is the best option for those that are visiting other countries that take different currencies.
Thursday 08 April 2010, 03:47pm
