How can I reduce expenses on currency conversions?
score:8
Least expensive
If the credit/debit card does not charge a foreign currency conversion fee and you pay the credit card off before it accrues interest then a credit/debit card will be the best way to reduce currency conversion expenses. Traveler credit cards, such as those that are with a frequent flyer program, typically have no foreign currency conversion fee. Additionally, most credit cards conversation rate seems to be better then what individuals get, probably because the buy foreign currency in bulk.
Second least expensive
Withdraw the amount of money you need at an in country ATM. There will be a normal ATM withdrawal fee, but it's a fixed amount. However, if you withdraw too little you will have to withdraw again, incurring the withdrawal fee. If you withdraw too much you'll have excess currency that you will have to sell, probably at a less than favorable exchange rate.
These are both generalizations. It's possible that you could find a favorable rate at a currency exchanger or the exchange rate could fluctuate enough between when you convert and when you get to the country your visiting to make it worth you while. I would not expect either situation though.
More post
- 📝 Is Cyprus visible from Lebanon?
- 📝 Itinerary if only one party shows up
- 📝 How can I get a copy of my lost UK refusal letter in Nigeria
- 📝 How to get medical insurance for a Singapore layover?
- 📝 How to safely carry an important document in a nonstandard format?
- 📝 Should I cancel my German visa if my research internship has been cancelled?
- 📝 Refused family ticket due to not being a "family"
- 📝 AIRRAIL Thalys KLM - an earlier train or different train?
- 📝 Hotel confirmations for Schengen tourist visa to Italy. Some questions
- 📝 What documents do my sponsor need to sponsor my touristic schengen visa and what is the form of the sponsorship letter?
- 📝 Can apply for UK visitor visa from a country that I have temporary visa in?
- 📝 Am I eligible for tax refund if I shop before my residence permit starts?
- 📝 Do North American electrical appliances work in Dominican Republic and if not - what adapter is needed?
- 📝 Is there a way to get to San Miguel de los Banos from Cienfuegos or Santa Clara?
- 📝 Baggage transfer between BA and Air Canada on same ticket
- 📝 Help interpret cancellation charges for hotel booking
- 📝 Sporting activities in Goa
- 📝 Late night taxis from Don Mueang airport?
- 📝 storing medications in checked baggage
- 📝 can i fill the UK visa application for my family who reside in another country
- 📝 Are import duties supposed to be paid within the airport customs area itself?
- 📝 Car rental cancellation because of lack of winter tires
- 📝 "Baggage not Checked Through" - Is this a Self-Transfer with Trip.com?
- 📝 UK and Schengen Visa rules - order of applying
- 📝 Schengen visa refused to South African resident with refugee travel documents
- 📝 If his mum owns the house is she also my sponsor on a UK visa?
- 📝 How many years can I get on a Canadian tourist visa?
- 📝 Non-EU drivers license in the EU (ie. Spain)
- 📝 Traveling to the US with a renewed passport, visa in old but still not expired passport
- 📝 Travelling with mobile phones with discharged batteries
Source: stackoverflow.com
Search Posts
Related post
- 📝 How can I reduce expenses on currency conversions?
- 📝 How can I tell if old US currency is usable?
- 📝 ROC to TYO - how can I reduce the cost of my flight?
- 📝 How much Indian currency can I carry to Thailand from India?
- 📝 Why expense details are asked for UK business visa? How can I say the trip expenses are to be taken care by my employer in the application form?
- 📝 How can I get from the Rotterdam cruise port to the Rotterdam Centraal train station using public transport?
- 📝 How long can I stay in Singapore on a multiple entry pass visa?
- 📝 How can I confirm that my I-94 form was correctly processed after leaving the US in 2007?
- 📝 How can I rent a mobile WiFi hotspot during my five-week trip to the UK?
- 📝 How can I check if a flight has landed or is delayed when I don't know the flight number but know some facts?
- 📝 How can one get a flight receipt from Priceline?
- 📝 How can I determine if it is possible to check luggage during a layover?
- 📝 How can I find out what the weather is like in a given location on a certain month?
- 📝 How long can I work in New Zealand on a working holiday visa?
- 📝 How can I avoid being instructed to open the baggage at customs?
- 📝 How many phones can I take to Ukraine?
- 📝 How can one travel to South Africa after previously having been banned for an overstay, after the ban has expired?
- 📝 How can I get standby for free for an earlier United flight from my connecting city?
- 📝 How can I change flight plan without using a travel agent?
- 📝 When filling out an online visa application for UK, how can you apply at a consulate different from your current place of residency?
- 📝 My friend lost her HKSAR passport, how can she return to HK from Chile, via the US or transiting elsewhere?
- 📝 My company has no letterhead, but Singapore requires one for proof of employment. How can I get around this?
- 📝 How can I check if I am insured to drive a car in France
- 📝 How can I contact KLM Ground Services?
- 📝 How can I check out the balance on my Vodafone Italy SIM card without a mobile app?
- 📝 How can two persons having Eurail and Interrail passes book same train and stay together?
- 📝 How can I get my visa again if my visa page gets torn from my passport?
- 📝 How can I find out the default route assumed by TfL's Single Fare Finder?
- 📝 How can I withdraw RMBs at Hong Kong airport (HKG)?
- 📝 How can I find Flea Markets in the USA with more than 1,000 vendors?