Plano, United States, July 18,2019- Read on if, like many other travellers, you are confused about how to carry money on your next trip abroad.
You can carry foreign currency in three different ways – Forex card, Credit/Debit card, and Cash. Here is an overview of all the three options to help you decide which one is best for you.
Convenience and Security
Cards may seem the safest option, especially compared to cash, but it is not difficult for someone to illegally use your card if you lose it. So, they are equally unsafe. Another problem with cards is that all cards are not universally accepted. Using your credit and debit cards may also incur additional fee or charges for using it in a foreign land. So, it is best to keep some cash while you are traveling abroad.
Exchange rates and fees
Another drawback of using a Credit or Debit card is the unfavourable exchange rate and the high fees you need to pay when using a card. However, with cash you know exactly how much you are getting in exchange for the currency you are selling.
Usage and acceptability
While cards can be used at a variety of merchant establishments, if you are heading to a local or farmer’s market, card machines may not be available. It make sense to have some cash with you during the first few hours of arrival, in case you need it.
Traveling abroad usually involves shopping for souvenirs, local food, or just hopping to local cafés and bars. Carrying cash will ensure you can enjoy and shop to your delight.
To buy foreign currency, the best place is currency exchange bureaus where you can get good rates and they charge you low fees for doing so. They also allow you to buy a variety of foreign currencies, in case you are traveling to multiple countries. Some currency exchange services even allow you to sell whatever remains with you, once you return.
The above information will help you make an informed decision, the next time you are travelling abroad. If you just want to enjoy your trip without having to worry about foreign currency related concerns, carry cash with you and forget about security and fee concerns.
If you want to buy or sell foreign currency exchange without any hassle in Dallas or San Antonio, Texas, call Texas Currency Exchange at 888-975-6009. At Texas Currency exchange, we will help you with any questions about exchange rates, the type of currency you will need for your travels and more. We exchange your foreign currency without a hassle and at the best rate. We exchange close to 80 types of foreign currencies.
