Tagged: Foreign Currency

Travel Money: Cash, Cards or Cheques?

The one thing you can’t do without no matter where you are, money. Or in other words the local currency. So what is the best way to go about organising foreign currency? How much should you carry and in what form: cash, credit card, debit card, travel money card or traveller’s cheques? All have their and pros and cons. So your choice may come down to how comfortable you are carrying a lot of cash, some cash or just plastic. Personally I would have a combination of a few of these except the traveller’s cheques even though they are still accepted in some places and are a very safe way of carrying money. Cash Is cash still king? Yes always, and it will be...

Purchasing Foreign Currency

If you intend to take cash with you on your next trip and want the best rates, don’t go purchase your foreign currency from banks, Travelex or AusPost. They all take a commission. Instead go to the foreign exchange dealers. Where you’ll get a better deal on the rate minus the commission. In Adelaide we have several very competitive exchanges: UAE Exchange (now Unimoni)*, FX Foreign Xchange, Worldex and First Eastern FX. They can all be very flexible. So check a few rates and go and negotiate. Personally I’ve dealt with three of these but I know First Eastern FX is also highly recommended (contributor Peter Katsambis vouches for this). My first preference to buy and exchange foreign currency is FX Foreign Xchange. Call...