Post Article 50 and mid-Brexit, knowing how and when to get the best rate on your Euros can be a nightmare.
Do you get them beforehand or on holiday? Do you get them at the airport, online or at a travel agents? Our quick tips will make swapping your cash plain sailing.
1. Don’t change your cash at the airport!
Try and avoid this like the plague. The bureaus know that they are your last port of call so can set very low exchange rates. Being a captive customer can make you feel pressured into settling for less than you could get on the high street.
2. It’s not always best to change your cash on arrival
Generally you don’t get a better rate changing your pounds whilst in the country you’re visiting. SOME bureaus may offer better rates but because they fluctuate daily, there really is no way of knowing if you’re getting a good deal or not. So to be organised and ready, change your money before you fly. Unless of course you can get it on good authority to do otherwise; we visit Morocco so often that we can pretty much guarantee your money will go further after you’ve arrived!
3. Are you paying in pounds or Euros?
Often this question will be asked and who really even knows the answer? Well from now on… when paying on card pay in Euros! If you pay in pounds then whatever store or bank you’re at will be doing the conversion and the rates can be awful. Eliminate this by paying in Euros.
4. Ever considered plastic?
There are plenty of prepaid cards on the market you can choose from which offer low or no fees and decent exchange rates. The benefit to one of these is that you have a set amount to spend making it easier to stick to a budget. Also if you lose it, you’re more protected than if it was cash! For some great advice on prepaid travel cards visit Money Saving Expert
5. Don’t get caught short
A bit of investigation into the currency is worth doing as some have little quirks to look out for. Off to Cambodia? Here you can use US dollars as a second currency which may be easier for you to convert to your own currency. However if you’re going to Myanmar, get ironing the dollars as they won’t be accepted if they’re anything less than pristine. Try to calculate your Moroccan Dirham precisely as it can’t be exchanged internationally.