Tips to Get Best Travel Money Rates

Are you going on holidays? Here are several tips which can help you to get the best travel money rates in the forex market :

• Figure out how much cash will be required for your trip. Carrying large amount of cash is a concern for safety, however if a person is traveling with insufficient amount then also he can be in problem.
• Make sure that your credit card withdrawals are possible at your travel destinations. Contact hotels and rental car agencies well in advance to ensure that they can scratch the credit card you have.
• Travelers can get best travel money rates if they buy travel money prior to start of their trip.
• It is a good practice to buy travel money online or receiving traveler’s check. However, keep some cash of foreign currency with you so you can pay for the taxi, food and shopping done at small street shops. At such places, a person may put himself in trouble if he does not have any cash with him.
• Travelers also need small notes to give a tip at hotel porters and taxi drivers. Regarding the amount of tip, travelers can refer their guide book or can contact the travel money provider company. Buy travel money online before few days of your trip so that you can keep some small notes at hand.
• Some credit card provider companies have auto-security check feature. This feature doesn’t allow travelers to withdraw money at their destination. In this case, travelers can contact the bank personnel before they start their trip. At the same time they can enquire about the travel exchange rate which may help them to compare between the different travel money rates available in the market. Based on these facts, they can opt for the company offering best travel money rates.
• A person can buy travel money online and get free delivery at respective branches of the company in your home country. Because of the increasing competition in forex market, companies are not charging any commission fee for travel exchange rate provided certain terms and conditions exists.
• Travelers can also keep some travelers’ checks as a back up on foreign land. Unused checks can be canceled and returned at the end of the trip.
• While coming back from the trip, If you find some foreign currency left with you, you can sell this currency to forex company at the best travel money rates.