Life is developing, traveling abroad is no longer too strange for Vietnamese people. In addition to passports and air tickets, currency issues are also one of the top concerns when exiting.

To exchange money safely and effectively, you need to keep the following in mind:

1. Choose a reputable currency exchange location

It is recommended to exchange money at banks, gold shops or licensed money changers. These locations often have competitive exchange rates and low conversion fees. You should avoid exchanging money at small, unreputable money changers because it can be scammed.

2. Exchange rate comparison

Before exchanging money, you should compare exchange rates at different locations to choose the best one. You can use online exchange rate calculators or currency converter apps to compare rates.

 3. Bring identification

 When exchanging money at a bank or gold shop, you need to bring identification such as an identity card or passport to verify your identity.

4.      Thorough cash checks

 When receiving cash after redemption, you should double-check it to make sure it is not torn, devalued or tampered with.

 5. Redeem only the required amount

 You should only exchange the amount needed for the trip to avoid loss. You can use a credit or debit card to pay when shopping overseas.

Here are some tips for exchanging money while traveling:

• If you plan to travel to multiple countries, you can exchange money to an intermediate currency such as USD or EUR. You can then exchange the intermediary currency to the currency of each country when you get there.

• You should exchange currency at least 1-2 weeks before departure for the best rate.

• If you exchange money at the bank, you should visit the bank during office hours for quick and convenient service.

• If you exchange money at a gold shop, you should go to a reputable, branded gold store to ensure cash quality.