The flight is booked, the wardrobe is packed and you’ve worked out the best way to the airport. There’s just one more thing to sort out, and that is your holiday money. Getting the best deal can translate to spending less on commission and charges on holiday treats. The most important step is to know your options. In the past, traveler’s checks were the most popular way to carry money overseas – but today’s traveler is much more likely to rely on credit cards and ATM withdrawals, which usually offer a better Rate of Exchange and lower fees.


You need to figure out what is the best option for you and how can you avoid the pesky currency conversion fees when making purchasing abroad. Some say that credit cards are the best method to use when purchasing airline tickets, when paying hotel bills, car rentals and restaurant meals because they offer the best Rate of Exchange for these kinds of transactions.


The biggest advantage to using credit cards while traveling overseas is that credit card purchases are exchanged at the interbank Rate Exchange, usually the best rate you can get for currency exchange. While most credit cards charge currency conversion fees each time you make a purchase in a foreign currency, these fees are typically lower than those you'd pay to cash traveler's checks or convert your own currency at a change bureau. And there are a few credit card companies out there that do not charge any foreign transaction fees at all.


Debit and ATM cards are the best to be used for getting cash in local currency. You will get the same great interbank Rate Exchange when you make cash withdrawals with your debit or ATM cards as you do when you make a credit card purchase. With ATM’s available in major cities and airports all over the world, this is generally the cheapest and most convenient way to get cash in the local currency; and all, because of the great Rate of Exchange.


There are people saying that prepaid currency cards are safer than carrying cash, giving holidaymakers a better Rate of Exchange and they are cheaper than using a debit or credit card abroad. Prepaid currency cards look just like a credit or debit card. They tend to be issued by specialist money changing companies, and allow you to preload money from your bank account on to the card, fixed at that day's Rate Exchange. Getting hold of a card is easy for anyone with a bank account. You normally apply online, choose the currency in which you would like your card denominated, load it with funds from your current account and wait for it to arrive.


Be careful, the biggest mistake that can be made is to exchange foreign currency back to your country’s currency. You will end up losing more money during the conversion because of the Rate Exchange. Try to manage spending, so there won’t be much foreign currency left when the trip is over. Also, if possible, keep the foreign currency for a future trip. If these solutions don’t work, then try to exchange or deposit the money in your bank branch overseas in order to get better rates.


If you’re planning your next family trip abroad think of the currency’s Rate of Exchange http://currencyconvert.co so you won’t have to worry during your fun time with the kids. If you don’t really know what you’ll have to do to get the best Rate Exchange http://currencyconvert.co go online and check a money currency converter!