If you are planning a trip abroad with friends and relatives, please refer to the following basic rules for exchanging travel money!

At what time should money be exchanged?

The exchange of money for travel depends on when you exchange money, which means that if you exchange money at the right time, you will get a good price.

Unlike airline tickets, buy as soon as possible and sometimes there will be promotional tickets, the closer to the flight time the higher the price, the price of the currency is unknown, depending on political and economic fluctuations.

If you exchange money for a short trip with a small salary, it may be close to the day of going and exchanging it, it will not cost much.

However, if you are traveling in groups of 10 to 15 people or more, you need to pay attention to the time to buy foreign currency with the best exchange rate to get maximum benefits. Because then your exchange amount will be quite high, but if you exchange at a bargain rate, you will also save a good amount. Therefore, you should follow the exchange rate of the currency you want to exchange to ensure the best exchange rate for the trip.

How much money should I exchange?

Depending on the purpose of your trip abroad, the country you are visiting, as well as your ability to pay, you will have different travel currency exchange rates.

For example, in Thailand, the price is similar to that in Vietnam, you can estimate the amount of money you use for a trip with the same number of days in Vietnam to apply to exchange into Thai Baht. Of course, this will not be true for shopping addicts!!

Similarly, countries with high standards of living such as South Korea, Japan or Singapore,... The price is quite high, about 3 to 4 times higher than in Vietnam, the amount you need to exchange must also be more.

Tips to keep in mind when exchanging money

When exchanging some not too popular currencies such as Thai Baht, Indo Rupee, Cambodian Riel ,... or something like some countries with currencies that are not widely used in the world, you should only exchange a little of this currency, the rest to the US dollar. When you return, the surplus dollars you exchange for Vietnamese currency will not depreciate much, and if you use the money of those countries to convert to Vietnamese currency, it will definitely lose a lot.

Where should I exchange money ?

Banks: are legal and have the best exchange rates of all tourist currency exchange points. Especially with currencies priced like USD or Euro, the bank's opening rate is always the best.

Agents: also known as "black market" is the 2nd best money exchange place after banks. Basically, buying at a dealer is simply a sale, meaning a buy, just sell.

Airport: This is considered one of the books for those who are too busy to exchange money before the trip, because the exchange rate at the airport is always the worst of all currency exchange points. In case you do not have time to change money in advance, you should only change a little at the airport to have money to enter the center.

Thanks to the guide: if you go by yourself, you can skip this way. But if you travel in a tour group and have a guide, this is also a bridge where you can exchange money.

Source: dulichrongachau.vn