[Noisebridge-discuss] Best strategy and currency for foreign travel..

Gian Pablo Villamil gian.pablo at gmail.com
Tue Jan 26 05:17:09 UTC 2010


I said: "USD or Euros are slightly easier to exchange than cash, but
much riskier in case of theft or loss."

I meant to say: "USD or Euros are slightly easier to exchange than
traveller's checks, but much riskier in case of theft or loss."

On Sun, Jan 24, 2010 at 7:34 PM, Gian Pablo Villamil
<gian.pablo at gmail.com> wrote:
> Depends on where you're going. If I'm travelling within the "ATM zone"
> I generally don't worry too much about cash or travellers checks.
> However, I do carry cards that work on separate ATM networks, and keep
> them separate. This is for several reasons: when you're off the beaten
> track, sometimes one ATM network might have coverage, but not another;
> redundancy in case one account/network is not working for technical
> reasons; and third protection against theft.
>
> If travelling outside the ATM zone, I usually carry a reserve in
> traveller's checks, but also count on being able to access funds
> electronically. This is getting much easier over time. For example,
> even in remote parts of India, some businesses (usually jewelry
> stores) would process cash advances for you by putting a charge on
> your credit card and giving you cash. USD or Euros are slightly easier
> to exchange than cash, but much riskier in case of theft or loss.
>
> Credit card companies usually get a better exchange rate than the
> dedicated moneychangers, it's a better deal for you. So counting on
> credit-card based cash advance is not a bad strategy.
>
> On Sun, Jan 24, 2010 at 6:54 PM, Martin Bogomolni <martinbogo at gmail.com> wrote:
>> Over the next year, I'm going to be traveling a lot more
>> internationally than I have in a long time.   It's gotten me thinking
>> about how to handle money, and what modern tech has done to how
>> 'things are done.'
>>
>> It used to be that a person would get traveler's checks, or perhaps
>> withdraw money (and incur a buy/sell loss) in the currency of the
>> target country.    Today we have debit cards, credit cards, paypal,
>> and access to money in all sorts of forms worldwide.
>>
>> So, what do you do when you travel?  What's the current "smart
>> strategem" when traveling to get the best bang for the buck, and still
>> travel safe and be prepared?
>>
>> -Martin
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>



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