Travel and Exchange, the blog of travelers who change currency

10 tips for <i>surviving</i> currency exchange

10 tips for surviving currency exchange

Everything is packed for your trip; there is only a few days left. And in the very last moment, you go through your to-do list and realise that… the currency of the country is not the same as yours! Right then and there, you can feel the shivers going down your spine because you know very little about the subject… But don’t panic, we are here to help you and give you some basic tips so that currency exchange does not become a problem during your trip:

1. Exchange rates depend on the day you carry out your transaction.

Unfortunately, there is not a flat rate that persists over time. And, if you are one of those people that use the exchange rates displayed by online converters as reference, you should know that the price they are showing is what currencies are worth in the market and not what you’ll be able to purchase them for as the end user.

2. Travelling around the world is not playing Monopoly…

… and you will have to pay in the local currency. Besides, remember that there is life beyond the euro the US dollar, and don’t use the most popular currencies as a wild card.

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3. A bank saying «we cannot get that currency for you» is not the end of the world.

Or the end of your journey around the world, for that matter.  Did you have a look at all the currencies Global Exchange works with?

4. «Buying currency» is not the same as «selling currency».

Yes, I know it looks like we are at the fishmonger’s, but the reality is that this is not far from the truth. You sell currency when you exchange yours for a foreign one (this would be like paying for that delicious red mullet at the fish market). You buy currency when the transaction is the other way round (you take the red mullet back to the fishmonger’s because it does meet your expectations and you get a refund for it).

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5. You have the song It’s the final countdown… because you’ll be off in a couple of days and, how is the bank supposed to have your money ready by then?

Fear not, you’ll find Global Exchange branches at the very same airport.

6. Did you ever think that bureaux de change are like shacks where money is pulled out from under a mattress?

Nothing like that. There are serious companies too, like Global Exchange, which has nothing to do with that statement.

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7. I can only exchange currency on-site.

False. You can also order your travel money online with Global Exchange (yes, without having to take your robe or hair rollers off) if you reside in Spain or Morocco, for the time being, and soon in other countries too.

8. Trading someone for a camel is not that easy yet.

Wouldn‘t it be better for you to carry some cash in the local currency to avoid losing someone in your trip?

9. If I have some leftover currency, now I am stuck with it.

False. If you have made a transaction with Global Exchange, you can do it again but the other way round, as soon as your spiritual retreat is over.

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10. Travel money and currency are two different concepts.

Yes, I am aware, everything in the economic industry sounds exactly the same, but travel money is the (physical) unit used in the country, while currency is that very same unit but whit a different financial value in another country. Are you still uncertain about the difference? Do not miss our post on this subject.

After all this, do you have any more questions about currency exchange?

Miriam Gómez Blanes

Periodista inquieta y adicta a la escritura sin solución, actualmente coordino los contenidos del blog de viajes de Global Exchange, «Travel and Exchange». También cuento otras historias y realidades en mi blog: www.overthewhitemoon.com. Y lo hago mientras recorro el mundo. Si un viaje me dice ven, lo dejo todo.

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