With the Eurozone suffering from financial contagion amid ongoing fluctuations in foreign currency exchange rates, holiday trippers are currently in a state of confusion as to when and where they should opt to buy currency online, as well as what kind of notes they should be carrying around while abroad.
Despite the turmoil, travel advisors are still recommending their clients to spend their precious rest and relaxation time at the Greek Islands, as economic conditions has stimulated the rise of numerous price-cut deals that’ll help the country’s visitors get more out of every penny spent.
Experts believe that Greece might switch from euro to drachma, which in turn is causing travelers to hesitate as to what type of cash they should be bringing along. Although in the instance that the nation does switch back to its old currency, there’ll unquestionably be that period of time wherein both euros and drachmas are to be accepted by practically every commercial establishment across the country.
Nevertheless, travelers are still advised to bring a combination of Pounds and Euros in cash, a credit card, and a prepaid card just to stay on the safe side. In the event the Greeks really do go back to the drachma, anyone travelling within the Eurozone is advised to hold onto their pounds, dollars and other currencies as long as they can, as the “country’s exit” will have impacts on the euro.
Experts also advise heading to a foreign currency exchange store and having their currencies changed right before leaving home, or upon arriving at their plotted destinations.
For added convenience, bringing either a credit or debit card along for the trip could prove to be extremely helpful when travelling overseas. These items allow consumers to avail up-to-date exchange rates through the bank. One possible setback here is the charges placed on every transaction, as well as the additional surcharge incurred from the financial institution that owns the ATM.
Those who are skeptical to use credit cards (mainly because of the danger of credit card fraud) using a debit card instead would be a safer alternative.
Carrying the foreign country’s local currency on person is still recommended, as moneychangers abroad may give unfavorable foreign currency exchange rates for customers. Those looking to get more out of their hard-earned cash can either transact with their local banks, or buy currency online.