1. Make Sure You Can Get What You Want

Before you head over to any currency exchange, you will first want to check that they actually have what you’re looking for. Many currency exchange stores don’t always have a currency available because it’s not always possible. Depending on what you’re looking for, you will want to give currency exchanges a call first to ensure they will have what you need, or can get it to their location. When you confirm they have the currency, you’ll also want to confirm the denominations they have available. Talk to the people at the currency exchange about what is possible and what is not possible.

2. There’s Wiggle Room for Rates

Just because there’s a certain exchange rate posted, it doesn’t mean that’s all they are able to offer. There’s no harm in seeing if you are able to get a better deal when you’re exchanging currencies. “And, the more you are exchanging, the bigger benefit you’ll get from a better exchange rate. Most currency exchanges had some wiggle room to move” says Patrick Tincher, Financial Writer at Academized and Oxessays. Look for promos as well, since currency exchange sometimes offers promotions for getting the currency for a lower rate.

3. Decide what’s worth fighting for

The amount of effort you’re going to put into your hunt for a better rate may simply depend on the amount you’re looking to exchange. If it’s a fairly small amount, the money extra money you may potentially be gaining may not be worth the fight. So, if you’re set to save $20 or $30, you may not want to put in an hour or two of research time. The more money you spend, the more value you’ll see in the time and effort you put towards your exchange rate research. A higher amount, say above $500, would probably mean that you want to research more.

4. Not all currencies are created equal

A currency exchange may have an unbelievable rate for certain currencies, but that doesn’t necessarily mean that they offer the most competitive rate for all currency. Do your research, especially if you’re looking to exchange a currency that is less frequently exchanged than others.

5. Ditch the Banks

In the end, it’s all about the rate you can get and how much money lands back in your pocket. If you can get a lower rate and get more money back, why not? So, when you’re looking for lower rates, it’s generally best to stay away from banks. Big banks have an average rate that’s higher than the best overall rates available out there. “Do some shopping around, and you will be shocked to see that just a little bit of research can translate to a lot of extra money in your pocket, just by finding a better exchange rate,” explains Alyce Price, Financial Consultant at Stateofwriting and Bigassignments.

6. Comparing Online Versus Hitting the Pavement

When shopping around for the best rates, see what’s available online versus going in person. Alternatively, you can also inquire about ordering online at a better rate, then picking up your

exchanged currency at a given location. In short, online currency exchange has now opened up new options for better rates. Inquire with exchanges about their online rates versus their in-store rates.

7. Overseas transfers are almost always more expensive

Most currency exchanges will also offer a money transfer service, where you can send money overseas, although generally at a different rate. If at all avoidable, this type of transfer is not advisable, as rates are generally much worse than regular exchange rates, if you don’t have an overseas account. Then, once you factor in the added fees, the costs to exchange this money is much more than it should be. If you are trasfering only a small amount, say $200, the rates can get even higher. But, if you have your own bank account, you can go for it because wiring rates are not that expensive. There are other options for transferring funds overseas that are more reasonable in terms of exchange rates and fees involved.

Do your research before handing over your cash, and you may be able to save some money and end up with added cash in your pockets. A little bit of research and work can go a long way in adding to the money you can save.

Bio: Freddie Tubbs is a business and marketing consultant at
Ukwritings. He regularly attends business and tech events, and contributes posts to Boomessays and Essayroo blogs.

Posted: 3/7/2019 5:41:40 AM by noe.rosales | with 0 comments

Preparation is key to any venture. Especially if this venture implies you finding yourself in a foreign country. In other words, should always consider possible issues you may stumble upon during your travels and maybe even try figuring some of those out before even departing. One of the things worth mentioning, that every tourist struggles with at some point, is the question of money exchange.

Maybe it seems ridiculous to you that we’re even discussing it. You can change money in a foreign country a million ways, right? While that is true, it doesn’t change the fact that not every money exchange option is equally fair. This is why you need to learn where to exchange foreign currency and why.

source: Pixabay

The Airport

Logically thinking, the airport is the first actual encounter you have with the foreign country. You’ve just arrived so it’s only natural that you exchange your money right away since you’ll need the local currency from that moment on.

But, stop and think for a second.

How much is a cup of coffee at the airport? Or a candy bar? In essence, everything is more expensive at the airport than at the first shop you enter once you leave the airport ground.

This is the same in all countries and it’s something people are used to.

Well, the same goes with the money exchange fees. Airports hold on to:

  • high fees
  • service charges

This is why the exchange costs you more than you’d like it.

Therefore, you should definitely avoid exchanging foreign currency at the airport.


Most of today’s better-equipped hotels have their own exchange offices within the premises. This way their guests don’t have to bother going outside and looking for places to change their money.

However, hotel exchange offices work the similar way as the ones at the airport.

They are convenient at your disposal all day long, but they are not doing it for pure courtesy.

On the contrary, their fees are higher than in most other places and they earn a solid provision for every exchange they do.

They are fine for exchanging a smaller amount of money once. But if you plan on exchanging all your travel money in one place, it should not be the hotel exchange office.

Your Bank

There are banks which work internationally and you can find them in different countries.

If you’re in luck, you might be able to find your original bank and make the exchange there. It is beneficial because:

  • you can withdraw cash from your original bank account and exchange it at the same place
  • the fee will be smaller
  • you won’t have to carry cash from home

This implies that you have to do the research and see if your bank has a business unit at your planned destination. In addition, you need to see how far is it from your accommodation and your planned route during your trip.

“You should never exchange money in a foreign country on the spur of the moment. Looking into all options is highly recommended, and finding your original bank is one of the more convenient ways to go” says the CEO of PickWriters.

A Random Bank

Hey, a bank is a bank, right? It should be fairly safe to do the exchange at any given bank in the foreign country, shouldn’t it?

The truth is, you never know.

If you’re thinking about exchanging the money at the local bank, you are entering the unknown and who knows what’s waiting for you in there.

Some banks have high fees for exchanging foreign currencies into local ones. That means you could lose a significant amount of money in the exchange and it may affect your planned budget.


Another way to exchange a foreign currency is to do it directly from an ATM.

ATMs offer exchange services but you need to be smart about using them.

The best thing you can do and you should definitely check is:

  • your interbank network

As defined by Wikipedia, an interbank network is

“a computer network that enables ATM cards issued by a financial institution that is a member of the network to be used to perform ATM transactions through ATMs that belong to another member of the network”

That means that you don’t have to be a member of the bank whose ATM you’re using, as long as you belong to the same interbank network.

You should check to see which ATMs you can use and which network you belong to. It does require doing research but it’s more than worth it.

In addition, see if you can find data about the fees such as the conversion rate, international transaction fee etc. Due to the fees its “usually better to make one or two larger withdrawals rather than lots of smaller ones” according to The Guardian.

Online Currency Services

If you’re one of those people who doesn’t like to take risks and hates surprises, you may want to consider exchanging your money even before you sail away.  

source: Pixabay

Luckily for you, there are online currency services which take care of the money exchange for you. All you have to do is find the right one and place the order.

So, how exactly do they work?

Here’s a couple of easy steps you’ll be asked to complete once you find the online currency service:

  • choose the desired currency or country
  • choose the amount you want to exchange
  • choose how you want to do the transaction
  • select the shipping
  • place your order

This option is great since you’re completely in charge of your money and you can stop and consider the fee they’re offering. In addition, you know exactly how much money you’ll be spending on the exchange.

The exchanged money will be delivered to your home address and you’ll be all set to start your trip without worrying.

Final Thoughts

As you can see, certain ways of exchanging money can be convenient but they also come with hidden costs and high fees. You may feel like these fees aren’t such a big deal when you look at them individually. However, looking at the grand total, you’ll find a significant amount that you could’ve spent on souvenirs, touristic attractions or local cuisine.

Therefore, be wise about foreign currency exchange and try making the right decisions in advance. You’ll save yourself the time and most importantly, your money.

Elisa Abbott is a freelancer whose passion lies in creative writing. She completed a degree in Computer Science and writes about ways to apply machine learning to deal with complex issues. Insights on education, helpful tools and valuable university experiences – she has got you covered;)

Posted: 12/4/2018 9:42:34 AM by Global Administrator | with 0 comments

When visiting London, it is relatively easy to find out what shows are playing in the West End, what art exhibits are shown in which museum and which restaurant is an absolute “must” to eat in.

London is huge, so getting to these various places may not be so easy and without some advanced planning, the cost of the transportation may just make it impossible for you to pay your restaurant bill.

Cabs are exorbitantly expensive and the 5 pound cost of an individual bus or tube ticket is hardly a bargain either.

However, help is on the way. At practically all tube stations you can buy an “Oyster Card” valid for anywhere from one to seven days. This transportation card offers 50% discount on bus and tube fares. No need to stand in line to buy a ticket every time you want to go somewhere, and these ticket lines are invariably long.

Even better is buying a “Travel Card”. A seven day “anytime” card with unlimited travel will only cost about 50 pounds. This particular card must however be bought on-line in advance.

Visit the site of the “British Tourist Board: at and all your questionswill be answered.

Happy Travels

Posted: 4/20/2018 1:45:55 PM by noe.rosales | with 0 comments

 If you're getting married this year your wedding folder must already include this small list:

Wedding List

Guest List
Flower Girl
Ring Bearer



Save the Date
The Rings
Wedding Dress

Wedding Planner
and more...

But what about the honeymoon?

Here's a small checklist for your International Honeymoon:

  • Budget - Yes, this too will require a budget, but probably not as extensive as your wedding budget. 
  • Passports - Make sure your passports are up to date. Some countries require the expiration date on your passport to be no less than six months from your travel date. 
  • Visas - Many countries require a visa, even if you're not staying for more than two months.
  • Make copies of important documentation - In case of any unforeseen incident, having backups of your credit cards, passport, itinerary, or other important information is strongly advised. Make sure to bring along the international toll free number to your bank in the event that your credit cards are rejected.
  • Travel Arrangements - These days couples can make their own travel arrangements by going onto websites like Travelocity, Livewire, Kayak, Tripadvisor, Orbits, or other similar websites. For those who are not as tech savvy as others or don't have time to book their own, there is always a friendly travel agent ready and willing to lend a helping hand, for a slight cost of course.
  • Purchase your plane tickets - Don't leave home without them, no really, you won't be allowed on the plane otherwise.
  • Book your hotel - Find a place that is close to where you plan to visit. While you may be going to Rome, hotels and villas may be extremely expensive within the city, but neighboring cities may have hotels offering discounts or simply lower rates to attract you to stay with them.
  • Pack your bags -  Make a check list of all the things you will need. Find out what the weather will be like for most of your stay. What season of the year is it where you are headed?
  • Money exchange - While this isn't as important for many, it is a necessity. You will be paying for much of your honeymoon with your credit card. Meaning there will be plenty of finance charges being accumulated while you book all or most of the things mentioned above. Tacking on cash advance fees or international convenience fees will take away from your honeymooning budget in a hurry. As a rule of thumb, always have a back-up payment option for small things.

Will the happy couple be in search of adventure in a South African safari or perhaps never-ending romance in Rome, Venice or Paris?

The sole reason for this list is to prepare you for a pleasant trip. Leaving any of these items for the last minute could result in lesser discounts and take away from your travel funds.

Plan ahead and buy your foreign currency at discounted rates of exchange. Follow us on twitter or Facebook for discounted rates of exchange or special promotions.

Congratulations and have a safe flight.

Posted: 4/20/2018 12:10:35 PM by noe.rosales | with 0 comments

Taking the rate by the numbers


When trying to convert dollars to a foreign currency, most clients ask, "how can I convert my dollars to the foreign currency?'

The answer isn't always simple, not because it is complex, but simply because it's, math, numbers, and foreign currency all mixed into one equation.

If you have $100 dollars and you're looking for Australian dollars with a rate of 1.2039 per dollar, how do you do the math?

Because the rate is expressed in "per-dollar" format, the equation will read, USD x Rate = Foreign.
So, let's take 100 (USD) x 1.2039 (Rate) = 120.39 (Foreign).

Take the same $100 US dollars, but now you've been given the rate of .8306 per Aussi dollar. Now what? If you were to multiply this, you would get 83.06 Australian for your $100. What you need to do is divide, not multiply.

 Now, we'll take $100 (USD) divided by (/) .8306 (rate) = 120.39 (Foreign).
Did you see that coming or did was your mind blown?

Like stated before, it's not complicated, it's just math, numbers and foreign currency.

Every time you hear "per-dollar", you will multiply and every time you hear "per (foreign currency)", you will divide. 

Note Worthy:
When you have a currency that is valued higher than the US dollar for example Euro and British pounds, you will need to do the inverse of what you just learned. Have fun with that one.

Now you're well prepaired for any foreign trip. 
Posted: 4/19/2018 11:14:01 AM by noe.rosales | with 0 comments