Travel to foreign countries is a given in this day and age of fast travel. However what isn’t given is a single global currency. Understanding the different currencies, exchange rates and budgeting while on holiday adds to the stress of travelling, and many of us end up paying more than we really need to.
The key is to understand:
- what the core exchange rates are,
- what the costs involved in changing and using those currencies are,
- and what reasonable alternatives exist.
Global Cash Link is geared towards real advice on travelling with your money and making the most of your finances when abroad, as well as exploring the usage of currency alternatives such as:
- credit cards
- prepaid credit cards
- travellers cheques
- debit cards
- card withdrawals abroad
What you need to understand with the help of this site:
- Transaction fees actually cost you more
- When Travellers cheques may not be a good idea
- Dynamic currency conversion issues
- Finance Tips on regular travel to the same country
- ATM withdrawal fees
- Fluctuating exchange rates
- Local currency exchange vs changing currency abroad
- No Fee Currency Exchange – is it worth it?
- Varied interest rates – not all credit cards have a flat international interest rate
- Different Currencies in the world.