How exchange rates affect your trip

When your home currency buys more of the local currency, hotels, food and tours cost you less. This is one reason destinations can suddenly look like bargains.

Check before you book

  • Local prices may rise. In unstable economies, businesses often raise prices quickly or quote in dollars or euros.
  • Two exchange rates. Some countries have an official rate and a parallel one. Use official services and avoid illegal exchanges.
  • Cash availability. ATMs may have limits or run out.
  • Safety and stability. Weak currencies can reflect economic stress. Check government travel advice.

Smart money habits

  1. Pay by card where possible, choosing the local currency at the terminal.
  2. Withdraw cash in reasonable amounts and keep it safe.
  3. Know the current rate and a simple way to estimate prices.
  4. Avoid exchanging money at the airport if you can.

Spend in a way that helps

A favourable exchange rate does not mean you should haggle hard. Pay a fair price to guides, drivers and small businesses, who may be dealing with higher costs.

Exchange rates move daily, so check the latest rate before you go.