just a thought?

Philippines
October 21, 2009 7:46pm CST
In moving to another country, do you think its better to have your currency exchanged or have it exchange in the country of destination instead? what do u think?
4 responses
@shadow41 (2356)
• Philippines
22 Oct 09
I think so. I mean how would you spend your money in another country if they won't accept it. But if your concern is losing upon money exchange then you have to study or observe will the forex rates closely. Have a nice day. shadow41
• Philippines
22 Oct 09
hi shadow, i say for convenience purposes maybe its better to have some money exchange beforehand, for example if we ride a taxi in the place of destination upon arrival, we need to pay the driver in their currency. have a nice day to you too my friend.
@shadow41 (2356)
• Philippines
22 Oct 09
You're absolutely right. It's best to keep some exchanged money at hand for emergency purposes. Well, good luck to your travel. Enjoy. Take care. :) shadow41
@taraelocin (1139)
23 Oct 09
It depends on a number of things, most importantly: Where is it cheaper to exchange the money. I'd check with the banks what kind of fees apply. I also would find out how difficult it is to exchange your money in a certain country. In some countries exchange bureaus might not be that easily available. Lastly I would always recommend to exchange at least some money in advance - you don't want to arrive at the airport without local money and then finding that the exchange bureau is closed for any reason and you can't pay for your taxi!
• Philippines
24 Oct 09
I definitely agree to that. Thanks.
@snowy22315 (76134)
• United States
22 Oct 09
I dont usually worry about things like that. I tend to use credit cards or debit cards when I go abroad. I just think it makes life alot simpler to do it that way. There are many things that can be done that are desgined to make life easier.
• Philippines
22 Oct 09
hi there, using debit card would be nice but as much as possible i dont use credit card, the interest in using it scares me. thanks a lot.
@mama_bear (1121)
• Canada
22 Oct 09
the exchange rate is forever in flux, so that would depend on whether that is the best that you can get before you leave. if not exchange a little then the rest when the exchange rate is better, just do your research and see.
• Philippines
22 Oct 09
well, that's a good idea. thanks