So you are an experienced traveler? Do you know the secrets of getting maximum rates when doing money exchange? It doesn’t matter how knowledgeable a backpacker you are? If you do not know a few crucial things, you cannot get maximum rates.
Traveling is a very good hobby that can bring in a lot of benefits in a person’s life. During traveling finding new destinations, trying unique and delicious cuisines, and meeting new people sounds amazing.
But keep in mind that you could only enjoy your trip when you know the secrets of money exchange to get maximum rates.
1- Do not go to no-fee currency exchange offices
Near every tourist point, you will find currency exchange offices. If there is an office that claims no fee for currency exchange, avoid it. Trust me you will get a minimum rate at such kind of money exchange offices. So prefer those offices which charge a fee because you will get maximum rates.
2- Research money exchange rates daily
Today, you can get the all-important information regarding money exchange online. It is essential to research the rates before money exchange. Websites like XE, TransferWise, Oanda, and Travelex are the best platforms to research money exchange rates.
3- Do not exchange money at airports
It is crucial to avoid money exchange at airports. Usually, they charge an 8% to 12% commission which is obviously very high. So remember to keep some foreign cash in your pocket for emergency situations. To get maximum benefits, research the rates and visit a local market when traveling.
4- Do not use credit and debit cards directly
If you use your credit or debit card directly in a new country, you will have to pay a lot of transaction fees. Sometimes credit and debit card transactions fees are more expensive than the entire trip. Therefore avoid using them in a new country.
5- Must visit a few money exchange offices
Most tourists make a big mistake by not visiting different money exchange offices. Currency exchange Sydney rates changed on daily basis. Therefore, to get the best value, visit a few money exchange offices. It is quite possible that you may get the best trader after a little research work.
So for any tourist who is planning a visit to Australia, these tips are crucial. Keep the above things in mind before planning a trip in 2021.
I am Sahar Rashid, a technology loving girl. I love to write about mobiles, computers and other technology stuff on my website. I am so excited about the latest technology updates in the tech industry so I also report the latest news and leaks about mobiles and especially the iPhone. I joined The Daily News Times 3 years ago as a Technology news reporter.