How to hold foreign exchange when traveling abroad?

Bank Card

People traveling abroad can apply for bank cards when leaving the country according to the characteristics of different places. If you often go abroad and have certain financial strength, you can apply for a credit card from the bank. For citizens who do not often go abroad, they can apply for a debit card from the bank and spend as much as they save. Once the card is lost, since it does not have an overdraft function, the loss can be relatively reduced.

Cash

In addition, it is also necessary to carry some small denomination cash.

In terms of currency selection, the US dollar should be the main currency. As the world's largest currency, the U.S. dollar has strong liquidity in various countries. You can carry euros when traveling to Europe. If you are traveling in Asia, it is better to bring U.S. dollars. After all, the euro is not as recognized as the U.S. dollar as an emerging currency.

Currency of the tourist country

Of course, you should also carry some currency of the tourist country with you. You should bring more of small denominations.

Before going abroad, you can get a rough idea of ??the comparison between the currency of the tourist country and the RMB. See the Bank of China’s foreign exchange quotation for the day. It is best to exchange small-denomination cash for traveling to various countries at domestic banks. In this way, you can have basic transportation expenses from the airport or station to the bank to exchange currency, thereby avoiding 7% to 10% losses. Of course, when you go to the bank to exchange money, don’t forget to bring your passport.

Tourists who have not obtained the country's currency at home do not need to worry. There are exchange points in foreign banks, airports, hotels, and large stores, and the prices are basically the same as or more favorable than domestic banks. It should be noted that foreign banks are generally closed on weekends, and foreign stores, except for 24-hour stores, generally close earlier than domestic stores.

Generally speaking, exchange points (marked with the word CHANGE) at stations, airports and terminals are the places with the highest exchange fees, even as high as nearly 12%. In other words, exchange points not only The buying price in cash is converted into local currency, and a high handling fee is charged. If you go to a local bank to exchange, some banks charge a fixed handling fee of 3,000 to 6,000 lire per transaction, while some banks do not charge a handling fee, but the exchange rate only fluctuates, with the lowest being about 1%.