How to get the best exchange rate overseas
A lousy exchange rate is a pet peeve for many people planning their dream holiday, so it’s important to do everything that you can to make sure the numbers add up.
We’re going to take a look at what you need to do to get the best exchange rate when you’re travelling overseas. A couple of simple measures can ensure your money will go the distance and you get to make the most out of your trip.
1. Pay attention to the market
Currencies are in a constant state of flux and there are times where it can seem like the Australian dollar is all over the place. This is why when you’re planning your trip it’s important to pay attention to the market and keep track of how the Australian dollar is performing against other currencies around the world. If the Australian dollar is doing well against a particular currency the is relevant to your travel plans, it’s of your best interest to change as much money across as possible.
2. Lock in your exchange rate
Travel debit cards like the Over60 Cash Passport allow you to lock in a currency at a certain rate when it’s performing well. This grants you a degree of peace of mind, as you won’t feel as though your money is at the whims of the market. You will know exactly how much your money is worth when you’re headed overseas and exactly how much of your budget you’re dipping into when you make a transaction or a withdrawal.
3. Minimal fees
Travel money cards like the Over60 Cash Passport also have the benefit of minimal fees, which makes it much easier to be aware of how much of your budget you’re using when you make a transaction or withdrawal oversea. Minimal fees ensures you will have more money to spend on your dream holiday.
Have you accessed money overseas? What tips would you offer for people looking to do so, and would you recommend taking them?
Let us know in the comments below.
No matter where you’re travelling to, making sure you know how to access your cash while away – and in the most affordable way – is very important. Easy to use and with countless benefits, the Over60 Cash Passport allows you to securely access your cash in the same way you use an ATM or credit card. To apply for a card today, click here.
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