Currency and ATM: How to manage money on the trip is written by The editorial staff, RejsRejsRejs
The best currency tips for the trip
Where should you exchange currency when you are going to travel? Can you withdraw money abroad? Is it best to pay in local currency or Danish kroner? How do I avoid the bank blocking my card while I'm travelling? The questions can be queued up as the holidays approach and the last details need to be put in place.
That is why we have collected the five best tips for currency for both before, during and after the trip, so that you can leave safely.
Do you need to exchange currency at home or abroad?
One of the big questions when traveling abroad is whether it pays best to exchange money at the destination or from home.
Here the answer is that it is generally best to exchange when you arrive at your destination - especially if it is a small amount of currency.
This is because it is cheaper to exchange and withdraw the local currency when you arrive at your travel destination where the currency is in use.
This applies especially if you travel to countries with small currencies, e.g. Thai Baht or Vietnamese Dong.
What credit cards and money should you take with you on the trip?
It is always a good idea to have at least two different credit cards for two different accounts with you on the trip. Then you can withdraw more if necessary. You also have an extra card if one is stolen.
Remember to store the cards in two different places in the luggage, and you can also store an extra bank note in a good place in the luggage.
The banks say that their systems flash red when you suddenly use your card abroad. In the worst case, your card will be blocked. You can avoid this by using your card at the airport on your way out, so that the bank's security system understands that you are about to travel.
In addition, it is a good idea to exchange currency such as euros or dollars from home and take them with you so that you can exchange them for the local currency when you arrive. If in doubt, dollars are the best choice.
Think about the condition of the money when you exchange currency
If you are planning to travel the world, you should not only think about the currency you take with you, but also the condition of the notes. A crumpled or damaged note is often rejected, even if it is worth a lot of money.
The value of the notes is also important. Be careful to bring only large bills from home.
In some places they cannot exchange, for example, a 100-dollar bill; here it is good to have small change instead of large bills. Therefore, think about where you are going and make sure to exchange money accordingly. So you avoid exchange problems when you arrive.
Can you withdraw currency during the journey?
It is easy to withdraw money when you arrive at your travel destination. In fact, it's a really good idea to top up your currency on the trip, as it's often cheaper.
In most places in the world today you can pay by credit card, but there may be local places where they do not accept cards - or where it does not work.
You can withdraw cash in ATMs - often marked 'ATM' - which you will find at banks and around the streets. However, as far as possible, avoid withdrawing money from Euronet's ATMs, as they charge some of the highest exchange fees. This also applies to similar physical exchange booths, e.g. the one at Copenhagen airport.
If possible, withdraw currency at an ATM inside a bank – or at an ATM belonging to a bank. Then there is someone who can help withdraw and exchange currency if something doesn't work or the card strikes.
The banks' ATMs are also usually cheaper to use. Here you sometimes also have the opportunity to stand more hidden from prying eyes.
Always remember to keep an eye on whether others are watching if you withdraw currency on the street.
Should you choose local currency or Danish kroner?
As a rule of thumb, you must always pay in local currency on the journey, as you otherwise risk paying a lot in exchange fees. Therefore, always choose the local currency instead of Danish kroner if you have the option. This applies both when you pay by card and when you withdraw money from an ATM.
If you often withdraw abroad, you can also consider using Revolut, It is an all-in-one payment app where you can also exchange currency and keep an eye on exchange rates.
It is also always a good thing to have a currency converter as part of it your travel apps.
Bonus type: Do you come home with local change?
Imagine the following: You have gone on a lovely holiday and land at the airport. The head is full of lovely travel memories, but the pockets rattle with something you could well be without; annoying change from the trip, which you certainly cannot exchange back into Danish kroner.
Fortunately, we have a good idea of what you should do with the change. You can donate them at the airport to charitable social projects. That way, you get rid of the change, and at the same time you support a good cause. Just look for the collection boxes at most airports.
In some countries it is officially illegal to export their currency, so always check before you go no matter what.
Now you have control of the travel money, the currency and how you can use an ATM on the journey.