Mark Rowlands, sales director at currency provider Covent Garden FX, clarifies that purchasing ahead of time permits travellers to search for the best rate and hedge against exchange rate changes that may influence their buying power. Purchasing in advance can likewise give you peace of mind in case you're heading out to a spot where ATM's might not be prevalent or in case you're worried about your card being declined. Here are tips for getting the best deal when purchasing foreign currency.
This might sound obvious but it's amazing what number of individuals accept their friendly travel agent or supermarket that will look after them. Consider it, they are in business to make money and you are a captive audience. Politely decline and surf the net. You can cover the entire commercial center from the comfort of your home.
Plan ahead
Try not to leave purchasing your cash until the latest possible time. While purchasing on the web, you have to allow enough time for your payment to go through, your identity to be confirmed and your money to be delivered.
Beware of free delivery offers
What truly matters is the amount of money that lands on your doorstep. Look out for additional hidden charges and try to discover the amount you are paying in total and precisely the amount of cash you will get. The advantages of an awesome exchange rate can be completely negated by commissions and handling charges.
Avoid Saturday delivery
There is frequently an additional charge to get cash delivered on weekends. Several companies will deliver to your work address during the week yet ensure you have a protected place to keep your travel cash safe.
Get together with friends
If you order your money in bulk, you will have greater buying power. Indeed, even online agencies are upbeat to negotiate for bigger amounts. Call or send an email requesting their best deal.
This article is copyrighted by Travelers Today, the travel news leader
