Travelling from one country to another may be cheaper or expensive, depending on the countries’ respective currencies; here are tips on how to handle currency exchange.
The first tip would be to exchange some of your cash before you arrive at your designated country. Some exchange rates are cheaper when done in your own country than in a foreign country.
Exchanging currency at the airport is also quite expensive and you might need to buy things like a sim card as you land, so you can have internet access. If you were not able to exchange your currency at home, your next best bet would be to exchange it at an ATM.
For bigger purchases, which will most likely cost more, it’s advisable to use your no-fee credit card. You could use this to pay for your hotel or Airbnb, and if you’re visiting a country which uses public transport such as metered trains or buses, you could also use your credit card to load your transport passes.
Always remember to choose the correct currency. For example, there is a British and a Guernsey pound. When travelling, make sure that you choose the correct currency for your respective destination.
Some countries use more than one currency, where Bhutan in South Asia uses the ngultrum and Indian rupee. For countries like these, research which currency is cheaper, not only to exchange, but to use when there.
Budgeting your travels before leaving your home country will ensure that you have an estimate of how much you’ll spend, even before leaving your country.
This way, you’ll only exchange just enough money, and should you spend less than what you exchanged, make sure you convert the foreign currency into your home currency before leaving the foreign country.
