• Posted:Thursday, June 25, 2009
  • Comments: 0

Where do you get your money from abroad

Posted in: Travel
Where do you get your money from abroad
Cheap travel may be one of the benefits of a backpacker holiday, but you are still going to need money to pay for things. When I started going on these sorts of holidays ten years ago, the general advice was to stay clear of using ATMs because they cost so much more than buying money in cash.

This is a recommendation I have always kept in mind while travelling, but new expert advice out this week might have just changed my mind. Elisabeth Dobson, head of private clients at foreign exchange service World First, stated that the downside of ATMs may no longer be enough to override the positives, particularly in Europe where the pound is beginning to strengthen against the euro.

"With the ease of being able to use your current account debit cards abroad, it means you can ride your luck a bit with the exchange rate," she said. "With the pound looking like it might strengthen in the summer months, it is worth considering putting off getting your holiday money until the very last minute and drawing cash from an ATM whilst abroad."

Dobson made her comments while explaining why people do not seem to be put off holidaying in Greece at the moment. Research from youtravel.com revealed that the country, along with Portugal, Tunisia and Turkey have helped to lead a resurgence in the number of people booking vacations during the first half of June. Rhodes and Crete - two stunning locations that are well worth a visit - were among the standouts, with 27 per cent booking increases respectively.

Sam BuckleyADNFCR-2435-ID-19236533-ADNFCR
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