How to Travel Abroad : Using Foreign Currency when Traveling Abroad

How to Travel Abroad : Using Foreign Currency when Traveling Abroad


Hi! I’m Stephanie Phillips with expertvillage.com
we’re going to talk about currency. Yes you know about the U.S. dollar, you know about
the penny, the nickel, the dime but what is a euro? If you haven’t traveled to Europe
it use to be about 10 years ago you had drachmas in Greece, you had lira in Italy, you had
francs in Belgium and France, right now you have the euro, what’s it worth? Well the
exchange rate can change at anytime but predominately you’re talking about for one euro, now it’s
about 1.28 U.S. dollars, my gosh how do you keep that straight? You’ve got the currency,
you have to buy it, you have to use it, you want to get something really essential, now
what do you do? How much are you giving them? I’ve actually seeing people take money out
of their wallet and put it in their hand and say, “take what you need”, believe me
that’s not the way to do it. One way you can do is carry your own calculator, it’s
a little handheld, it’ll fold over, go into your purse, go into your pocket for that matter,
you can keep track that long. Another way is if you’re really good at math try and
divide equally, for instance let’s say the euro is one euro for 1.28 U.S. dollars trying
to calculate that in head can be difficult, take it up the next nearest way you can calculate,
make it a dollar and a half if you think that you can afford to pay for that item by dividing
it by a dollar and a half, for instance oh okay I can afford $25 by dividing by a dollar
and a half which you’ll find out is you’re actually paying a little less, you gave yourself
some gravy but the bargain was worth it because you took it up to the next amount that you
need it. Make it simple on yourself please do not take money in your hand and ask somebody
to take as much as they want, it is really a recipe for disaster, learn a little bit
about the currency you’re going to, make sure that you have it, have a little bit before
you go just enough to get yourself over the next couple of days that’ll work well. In
internationally they have currency exchanges in banks, hotels, everywhere it would be easy
to exchange money, know what you’re dealing with, make sure you protect yourself.

2 Comments

  • Hunter Mann

    April 5, 2009

    I really liked your How To Travel Abroad: Foreign Money video!
    It's personable, but firmly remidns the traveler to be careful. I see gringos in Mexico all the time pulling out their whole wallet when ever they buy soemthing. And then they'll hand a 500 peso note(about $43 US) to a seller of a 25 cent item…
    Note: I think heenasimer's comment is a generic auto-send from a computer. Notice there is no specific ref to your actual video about foreign currency. It might be considered a SPAM.

    Reply
  • MartialDuartist

    July 31, 2011

    Yeah.
    We know what a calculator is.
    …And how it works; and what its good for also.

    Are you sure, it'll fit in my pocket?

    Thanks.

    Reply

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