How to Save on Currency Exchange and Travel Money
Best Exchange Rates makes it easy to compare retail FX rates from trusted, regulated currency exchange specialists to use when you Travel and Spend abroad.
We show you how to use a multi-currency card or order foreign cash online for better currency exchange rates, convenience and save money for your next trip or overseas online purchase.
Top Tips to Save on Currency Exchange
1. Compare rates: Check rates from banks, exchange offices, and online providers.
2. Use a credit card: They often offer good rates. Pay off the balance monthly to avoid interest.
3. Use a debit card: Linked to a foreign currency account, it can offer good rates.
4. Avoid airport exchanges: They usually have lower rates. Exchange currency at your destination.
5. Travel money card: Prepaid cards with multiple currencies can be convenient and cost-effective.
6. Use ATMs: They often offer competitive rates with small fees. Check your bank's foreign transaction fees.
7. Pay in local currency: Avoid dynamic currency conversion as it often has worse rates. Pay in the local currency instead.
The Singapore dollar has reached its highest level in over a decade, boosting outbound travel and curbing inflation, but also putting pressure on exporters and local businesses. While sectors like logistics and finance benefit, retail, hospitality, and exports face challenges from the strong currency. News2024-06-25 Stronger AUD, USD, and GBP Against the Euro due to surprise French elections. Further reading on Travel money - Guides, Reviews & News from our research team.
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