Never change currency at airports!

27.11.2017 at 10:42

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You landed in London and rushed to the first exchange office! Fatal error. You have already lost much of your money value. If you are Rockefeller, then this article is not for you.

Before each trip, the budget should be calculated. Count your finantials considering countries you visit and how long your journey will last,  pre-paid hotels (which also make the largest expense) and additional expenses in the case of some unforeseen situation. Whether you're traveling to Denmark or Bulgaria, the budget is different for each country because there are cheap and expensive countries. In Scandinavian, US, Australia and Canada countries accommodations are extremely expensive and an overnight stay in the cheapest hotels can't be cheaper than 40 euros. You can stay in Vietnam for about 7 euros or less, in hostels, with breakfast included, or for two 30 euros in cheap hotels. There are big differences, so for example, instead of a week in Dubai you can enjoy a month in Cambodia !?

Put everything on paper

Therefore, ten days before the trip put  all costs that you expect while traveling (tickets, food, accommodation, souvenirs,...) on the list. Use the Internet and forums where travelers share tips. If you are a student, countless museums, hotels and restaurants offer great discounts (or even free entrance) for ISIC card users, and you can cheaply stay in hostels using Hostelling International, which can be purchased in Croatia as well.

There is another unpredictable item in the travel budget, which is called currency change. It's easy if you travel to countries where the euro is a payment instrument or some currency at our exchange rates. Never change money at airports, unless it is absolutely necessary! I recently traveled from St. Petersburg to Zagreb. In the wallet I only had euros and I planned  to take money from the card of one of our banks in order to avoid payment of any commissions, when I landed on "Franjo Tuđman". It shocked me that at our new airport there are only Euronet ATMs. I did not escape the commision, but the bitter taste of the first meeting with the new airport remained. So where do you change the money? The most viable option is to raise money from debit cards (Maestro, Electron) because they offer the best exchange rate and a lower commission, which varies from bank to bank. Certain banking groups (Addiko, Unicredit, Banca Intesa ...) offer their customers free cash withdrawals at bankomats abroad. Credit cards like Amex or Diners are always the most expensive option, but may sometimes be good option as they offer a postponement of your payment, so your money is not removed immediately from your account as in the case of debit cards. Good to know, just in case! The Revolution debit card has been operating in the European market recently , which allows cash withdrawals without any commission.

Careful with DCC

Classic exchange offices typically charge a commission that is small (about 1.5 percent or more) so before you change the currency, ask again for the course and how much money you will get when it's all summed up and subtracted. And finally, if you want to save some money, be careful with Dynamic Currency Conversion (DCC). For example, if you pay for something with a card in Poland and your account is in kunas, the POS device will offer you two options: domestic currency payment (Polish zlot, PLN) or in your currency. I advise you to choose a local currency (PLN) because the course is always more favorable to the customer. Poland is listed only as an example, and DCC services are automatically included almost everywhere abroad if you pay with Visa or MC. And a small savings for passengers is a huge savings.




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