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Where Should You Buy Your Travel Money?

Money Exchange

Photo Courtesy of Images Money

If you are in the middle of planning a vacation for yourself, one thing that you will want to take into account is where you choose to purchase your travel money.

There are many different options available – airports, online, at banks, with travel agents, and so on, and each has some unique points that you need to know about.

It’s important that you make your decision wisely so that you don’t end up paying more than you need to and get your money delivered when you need it.

Let’s look at the main points to consider.

Avoid Airport Exchange

Money Exchange Dog in Hong Kong

Photo of Money Exchange Dog in Hong Kong Courtesy of YoTuT

The first thing you want to stay away from as much as possible is exchanging your money at the airport. Do this at your own risk. It’s going to come with higher currency exchange rates and you may face long line-ups due to the number of unprepared travellers.

If you want to get the most money in return for your exchange, stay away from the airport.

Consider Buying Online

Next, you may want to consider buying online. Many services offer the option of buying online and picking up your cash at the airport, so for many people this brings greater convenience. And, you’ll still get a better exchange rate.

However you must keep in mind that there is no regulation online, so if the company doesn’t deliver, you’re out the cash. Some may consider it a risky move, but it can certainly save you money.

If you’re buying online travel money, you can also watch the currencies changing on a daily basis and do the exchange when you will get the greatest return.  You are also access online trading anywhere in the world, so you don’t have to be in any given station – you do need computer access however.

Support is available 24 hours a day on foreign online exchange, so this is yet another benefit these markets have to offer.

Shop Around With Banks

If you are going to do your exchange at a bank or with an agent, it’s important that you do take some time to shop around.

Not all banks or agents will be offering the same conversion rate or fees, so it’s important if you want a deal that you take this into account.

Plus, in some cases you can crack a deal if you are into haggling, so that may also reduce your costs associated with travel. You do need to know how to bargain and put up your defence to be successful with this, however.

So there you have a few of the key points to keep in mind as you get prepared to exchange your money for the foreign currency you’re looking for. Think about your method carefully so that you can get the most money for your return and the convenience you want.

About joytourandtravel

JOY TOUR and TRAVEL has been in operation since 1985. We are fully bonded and insured. We are specialists in many areas of travel. Our staff has traveled extensively to bring you first-hand knowledge of the world. It is our goal to provide quality travel experiences that are of exceptional value to our clients. We are an active member and Co-Owner of Travel Alliance Partners (TAP). This is your assurance that this agency meets the highest standards of financial stability. We have to meet certain criteria to be a member of TAP. TAP is 29 of North America's premier tour operators. We are also a member of Vacation.com (which allows us to get special discounts); the Greater Cincinnati BBB, Airlines Reporting Corporation (ARC) and International Airlines Travel Agent Network (IATAN), which allows us to book international, as well as domestic airline itineraries

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