Monday, 26 June 2006

New York Times on changing money

Practical Traveler: How to Get the Best Exchange Rate (by David A. Kelly, New York Times, Sunday Travel Section, 26 June 2006):

Make sure you check ahead to learn what bank cards or traveler's checks will be accepted at your destination, and have a backup plan. "The main thing is to realize that different things work better in different places," said Edward Hasbrouck, author of "The Practical Nomad: How to Travel Around the World."

"That's why you should take money in a mix of forms -- an A.T.M. card, a credit card, some traveler's checks, some large-denomination bills like $100 for changing, some small-denominations (U.S. $1 through U.S. $20 bills for small purchases directly in dollars), rather than counting on any one method to work everywhere," he said.

Of course, cash is still king in many places.

Link | Posted by Edward on Monday, 26 June 2006, 08:43 ( 8:43 AM) | TrackBack (0)
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All advice and recommendations are the personal opinions of Edward Hasbrouck, and do not necessarily represent the views of my publishers, employers, or clients.