If you are going on a vacation abroad, you should think carefully and plan everything in advance. This is especially true of the money issue. There are some important factors that must be taken into account.
Pay for the hotel at home
For those planning a trip on their own, it is better to pay for the hotel before departure. Firstly, this way you will be insured against the rise in the cost of hotel services, for example, due to fluctuations in the exchange rate, and secondly, you will not have to take a large amount of money with you.
Take the most popular bills
Take cash from 20 to 30% of the estimated cost. Moreover, try to stock up on the most popular banknotes (of average denomination), so as not to “shine” with banknotes once again during the exchange.
Warn the bank
Before leaving, be sure to inform the bank whose card you take on vacation. Otherwise, a surprise may await you upon arrival in another country. The bank has the right to block the card if it was used without warning in another country. Thus, the bank protects its clients' funds in the event of card theft.
Withdraw money upon arrival
If you are traveling to a country whose currency is different from dollars and euros, it will be more profitable to withdraw the required amount from your ruble bank card upon arrival. The point is that when you buy currency in this country for dollars and euros, you pay for a double conversion - from rubles to dollars or euros, and then from dollars or euros to the desired currency. And when you withdraw money from the card, you carry out only one conversion - from rubles to the desired currency.
