Posted by Prior to going on holiday abroad, it is important to find out about the best exchange rate or at least know the current exchange rate to avoid being envoyer l’argent ripped off. You need to plan, or at least estimate what kind of money you want to change based on local spending… For more advice, you can download the free guide to visit more while spending less.
1 TO GET A BETTER EXCHANGE RATE, YOU NEED TO ESTIMATE YOUR FINANCES –
The technique is straightforward … I know my needs, I find out about the cost of living by contacting expatriates, friends who are returning from the country or by reading budget reports on travel blogs for similar destinations:
Once the estimated daily budget, I multiply by the number of days, so i get the total provide a destination, and to this sum, I add about 15% in extras (because we don’t hide it, there is always extras and activities that we haven’t planned) and I get the total budget of the trip. This gives a simple picture 😉
estimated daily budget x Number of days on site = estimated budget
15% estimated budget + estimated budget = total estimated budget taking into account extras
To know: Sometimes, there are big extras at the leisure level or, unfortunately, worries that explode the budget. As an accident and care right then. In fact, Will have good travel insurance! Believe me, even if I’m careful with my budget, it’s always when we don’t expect it that we’re happy to have good travel insurance to cover our wellbeing costs abroad which can become much more astronomical if there are also exchange costs to be taken into consideration related to the amount of amounts to be advanced…
– 2 ON SITE, HOW DO I CHANGE MY MONEY? WHAT EXCHANGE RATE APPLIED? –
Once landed on site, following a tiring long-haul flight ( read: how to have a nicer long-haul flight ), what do you do? Remember that most banks act as exchange offices but exchange rates vary from one bank to another. In fact, I send an email to my expert to find out the pricing policy on site. It takes me 5 minutes and can save you a lot 😉 With your bank card, there are costs take into consideration which depend on the card. Normal credit card, gold, american platinum eagle with certain so-called “international” options which limit direct debit taxes abroad (this is what I currently have).
If you are a big vacationer beyond the euro zone, do not hesitate to make contact with your bank to discover more regarding what you can do for the best exchange rates.
Tip: Do not hesitate to negotiate discounts with your bank even if I am not a big saver, as i am loyal to my bank, comparing with the cost of my international option and that of other banks as a welcome, I pointed out that it was more advantageous for me to go elsewhere. In fact, I negotiated and obtained a removal of rates over five years 🙂 savings? a hundred and fifty euros or year or 750 euros over 5 years and nothing forces me to stay with my bank afterwards if the your lawn is greener elsewhere!