When travelling abroad, converting cash to a foreign currency is an absolute necessity. Although this may be an afterthought to some travellers, when it comes to currency exchange you stand to lose out if you’re not careful.
You’ll find that planning ahead will save you the headache of having to frequently exchange money during your travels.
These 6 tips to save money when exchanging currency will help get the best rates:
1. Exchange currency at your personal bank
Although you may have to pay a few pounds in fees, check exchange rates offered by your local bank. Banks and credit unions will exchange your pounds for foreign currency as long as you have a current or savings account with them. You will also need to make sure that the foreign currency that you are looking for is available at your bank.
Pro tip: it’s important to note that