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Exchanging Your Money Abroad, Part I – Traps


Jun, 2012

Exchanging Your Money Abroad, Part I – Traps

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Money is a basic travel necessity. Having money troubles when abroad is a traveler’s worst nightmare, seeing as there’s no shortage of risks – theft, misplacement, overspending, unforeseen expenses, etc.  While travel insurance can resolve many of these worries, the greatest, hidden danger of dealing in currency abroad is – exchange rates. Most travelers assume that foreign exchange is as simple as presenting their money to a money exchange service, and getting back the local currency of the place they’re visiting. But as it turns out, it isn’t that simple, […]