Saturday 18 May 2013

Currency Exchange Tips

It's been sometimes when I last posted on the blog due to work related priorities but now I'm back. We've been researching the currency market since we'll be travelling soon. Exchange rate is currently great to buy Japanese Yen (JPY). The last time 1 AUD can get over 100 YEN was back in 2008, so we've bought ourselves some YEN via Travelex using Cash Passport card. Keeping it handy when we feel like travelling back to Japan. Cash Passport card works like a debit card but you load your cash into the card before you travel.

One should compare the exchange rates, processing fees when looking for such a card but so far Travelex's card beats the banks' travel card by having no card processing fees (ordered online), no ATM withdrawal fees and better exchange rate.

It will still be wise to exchange at least some cash so that one doesn't have to look for an ATM the first thing on arrival to the destination to pay for food (where card is not accepted), taxi or train.

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