Flyaway Weblog has an interesting post this week about handling your finances abroad. You can find the post here. I have previously written a post on a similar topic called Accessing money while travelling.
The main point here is that when you need to change money while travelling, check the exchange rate that is used and the service fees that are charged. Sometimes you will get a better exchange rate but have to pay a large service fee which ends up nullifying the better rate.
Don’t make the mistake of thinking that all exchanges are the same- that thinking can cost you a lot of money. As I mentioned in my other post, I changed the exact same amount of money in two different locations in Scotland and there was a 20 dollar(10 pound) difference. The first place charged me 4% more than the second. On a single transaction maybe this is not a lot, but over several transactions in can add up.
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