Tips to Get the Best Exchange Rate on Forex While Traveling Abroad

Planning an international trip can be exciting and the worst nightmare one can go through. A lot goes on in planning a successful trip. Money plays the main character in your plot. The anticipation of a successful trip can be enthralling and nerve-wracking simultaneously. Are you planning to go on an international girls’ trip or a romantic getaway with your spouse? Then Forex should be your absolute best friend! It is a prepaid card that you can load with foreign currency. Forex cards are accepted globally to withdraw foreign money in an ATM or pay for different commodities.

Thomas Cook is a travel agency based in India providing services related to travel, including domestic and international holidays, passport, visa, foreign exchange, MICE and travel insurance. Thomas Cook offers Forex cards at the best exchange rates. The Indian travel agency is the only organisation that promises FX card delivery within 2 hours. The given tips should be kept in mind while travelling abroad. These tips can guide you to get your hands to get the best deals on exchange rates on Forex.

Essential tips to get the highest exchange rate on Forex while planning a trip abroad

With the advancement of globalisation, travelling and exploring abroad has become smooth like butter. The technical advancement has enabled foreign tourists to visit any corner of the world without stressing over carrying cash and keeping it safe. No matter how much money you take, some guidelines can benefit any travel enthusiast. Some of the significant tips to unleash the best forex rates of FX cards on international trips are:

Strengthen Your Groundwork with Heavy-Duty Research

Fraudulence heavily prevails in this line; therefore, you risk being ripped off by local merchants and frauds. It is recommended to not exchange your currency at any local bank branch or outside banks, no matter how much preferable it is. It is imperative to be sure of conversion services and charges of the banks thoroughly before purchasing it. It is essential to look out for new forex rates offered by different organisations before purchasing one. While some credit cards might tempt you with their exceptional exchange value, they can be a trap as the international transaction fees are pressed after surpassing the everyday withdrawal limit.

Thomas Cook is one of the most reliable brands offering you one of the highest currency rates. Banks provide their customers with FX cards and hundreds of other services and products, while we at Thomas Cook dedicatedly do it as it is our living, and we strive to provide our customers with the best.

Good Planning Is the Key! Get Your Money Exchanged Before Your Travel Date.

Most of you usually book your tickets, and others are fixed well in advance of the trip. However, many people do not prepare or plan international currency before, which creates chaos. It is necessary to prepare and plan your currency three days prior to your departure. The ideal time is a week or more before your scheduled departure. This helps you organise the currency well in advance to prevent chaos and helps you with live exchange rates offered by different organisations and purchase the best suitable for you. Thomas Cook believes in quality and detests competitive rates on FX cards and exchange rates. We do not provide the cheapest rates but guarantee you with best services to make your trip memorable!

Compare and Contrast the Exchange Rate Prior To Purchase

Different merchants offer different exchange rates. It is recommended to go through each of the currency exchange rates. In contemporary times, thousands of vendors are available for you to choose from. Going through new forex rates in-depth is crucial, and comparing them is crucial to knowing the best-profitable one! We at Thomas Cook provide you exchange according to new forex exchange rates and provide you with the luxury of transferring money after banking hours, which is not provided by any banks and promise to transfer money anywhere anytime in less than 6 hours.

Exchanging At Airport Outlets Is a Big No!

There are various ways by which one can exchange foreign currencies. Even then, many travellers lose money as there are ways unknown to them. The most common way of losing money is exchanging cash at airport outlets. International airports charge a higher commission rate, which can be costly and range from 10 to 15%. However, it is not just the airport; the foreign exchange companies abroad levy the highest currency rates.  This situation leaves little to no option for tourists to get a better exchange rate. On the other hand, Thomas Cook has developed their One Currency Card, which safeguards travellers from these high exchange rates by charging a 3 to 4% conversion rate of the given amount.

Precaution Is Better Than Cure; Be Wise and Carry Both Card and Cash Simultaneously

Along with carrying a forex card, the best way is to follow the 70/30 approach, where you should carry 30% in cash of the total amount and the rest of the 70% as your forex card. This practice will save the tourists a lot, as one doesn’t need to follow the live exchange rates since the forex card can be pre-loaded, and the new rates will not impact the currency in cash or the forex cards.

Carry An Extra FX Card Because a Little Extra Never Harmed Anyone!

In today’s time, one can never be sure if the cash they are carrying will be enough for the complete travel as urgencies can pop up at any given point. Tourists can prevent getting charged the highest currency rates in such scenarios; by bringing an additional forex card at little to no additional cost. To be on the safer side, travellers should not shy away from getting international travel insurance which can cover you if you require cash in times of emergency without impacting your travel. At Thomas Cook, we provide services like video KYC, which doesn’t require a physical visit, as the process is completed virtually. These services help you to avail of an extra FX card quickly.