Avoid exchanging money at the airport

“One in three families still exchange most of their money at the airport as they believe it’s more convenient, despite being hit by poor exchange fees and hidden charges which ultimately waste their hard-earned savings.

“Exchanging cash at UK airports can be up to 30 percent more expensive, meaning you could lose over nearly £150 of cash for every £500 you change.

“For families, the total amount lost could be even greater! As families spend an average of £2,000 for a week’s holiday, our research shows that they’re losing over £200 by exchanging dollars or euros at the airport compared to using card payments abroad.”

Changing currency at the airport is usually far more expensive than doing so ahead of time. Britons could use a currency card or change money before they travel to avoid any unnecessary fees.

Always pay in the local currency – even before travel

“Sixty percent of people are still unaware that choosing to pay in sterling when overseas can result in a much worse rate. The number one rule is you should always opt to pay in the local currency.

“This is an easy trick to avoid the poor rates and high costs you face when abroad but also at home – for example, a family of four booking a flight over the Easter weekend from London to Barcelona with Vueling could save almost £60 by opting to pay in euros instead of pounds.”

Tourists paying by card in a restaurant or shop overseas should always opt to pay in the local currency for the best rate.

It’s also a good idea to see whether paying in foreign currency could be a better way to save when booking flights. Britons can do this using a currency card for the best rates.

Source Daily Express