If you have your mind set on a vacation this coming holiday, the question of foreign exchange arises. Apart from paying your way through your vacation by cash, there are other forms of money available which are safer and ultimately cost less in terms of converting to stronger foreign currency. Cash Apart from being risky to carry around is that you will spend more because you will be charged to exchange local currency into the currency you need. A small amount of cash is however recommended for small payments such as buying items like drinking water and taxi fares. Local debit cards For a stay of several days or longer especially in self-catering accommodation, a debit card in the currency of the country you are staying in the least costly option. Your bank at home should be able to set up a debit card in the country you are visiting and ATM withdrawals, as well as other transactions will be at local rates that are fair Traveller's cheques These are cheques of fi...
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