{"id":14098,"date":"2010-10-16T18:26:47","date_gmt":"2010-10-16T22:26:47","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=14098"},"modified":"2010-10-16T18:26:47","modified_gmt":"2010-10-16T22:26:47","slug":"dealing-with-foreign-currency","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2010\/10\/16\/dealing-with-foreign-currency\/","title":{"rendered":"Dealing with Foreign Currency"},"content":{"rendered":"<p><strong>By Cheapfares.com<\/strong><\/p>\n<p>Friday, October 15th, 2010<\/p>\n<p>Cheap airplane tickets and discount hotel rooms or discount travel  packages can contribute to an inexpensive trip abroad. However, first  time overseas travelers need to know in advance how to best convert US  dollars into their destinations&#8217; currency.<\/p>\n<p>The following are suggestions as to how to most effectively deal with foreign currency:<\/p>\n<p>* Determine before you depart which currency you will need at your  destination. Many assume that if going to Europe the currency of choice  is the Euro. In the United Kingdom and Switzerland local currencies not  the Euro are used.<\/p>\n<p>* Get a sense of the exchange rate for dollars you should expect at your  destination, by visiting a currency website like XE.com Although  currency rates vary daily, by checking in advance you will at least have  an idea of a reasonable exchange rate.<\/p>\n<p>* Purchase enough foreign currency in advance of your trip to cover  initial transportation costs, tips and a meal upon your arrival. Thomas  Cook and Travelex are a couple of companies that will mail foreign  currency to your home. Never buy all of your foreign currency in advance  of travel since usually better exchange rates and lower fees can be  found once at your destination.<\/p>\n<p>* Avoid airport exchange kiosks which normally offer very poor exchange  rates. Most banks in city centers have much better exchange rates. It is  wise to compare rates from at least a couple of locations prior to  buying.<\/p>\n<p>* Travelers&#8217; checks are no longer recommended on overseas trips.  Consider, after first checking the fees, using your ATM card to withdraw  money from at ATM at your destination.<\/p>\n<p>* If you do not want to become a target for thieves who are attracted to  tourists unfamiliar with foreign money, familiarize yourself with  foreign coins and bills before using them in public.<\/p>\n<p>* Remember foreign coins are not exchangeable back into U.S. currency at  the end of your trip. If you find yourself with coins at the airport  either use them to purchase snacks or see if donation boxes are  available. www.cheapfares.com<\/p>\n<h3>About the Author<\/h3>\n<p>Cheapfares.com employees enjoy sharing their travel points of  view and information with others who might share similar interests.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Cheap airplane tickets and discount hotel rooms or discount travel packages can contribute to an inexpensive trip abroad. However, first time overseas travelers need to know in advance how to best convert US dollars into their destinations&#8217; currency.<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-14098","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/14098","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=14098"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/14098\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=14098"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=14098"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=14098"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}