Finance and money forum

Exchange rates

  • mic59

    Joined Travelfish
    30th July, 2008
    Posts: 107
    Total reviews: 5

    A good idea when going overseas is to keep an eye on exchange rates and buy your currency, load your cash passport or whatever when the rate is best. I changed my Australian currency to American as I am going to Thailand and I unfortunately caught the downturn in the Aussie dollar. I bought US$3000 and if I'd got them when the exchange rate was best I would have saved myself about AU$300.

    #1 Posted: 20/9/2008 - 18:19

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  • cactusjoe

    Joined Travelfish
    21st September, 2008
    Posts: 7

    so what is a cash passport?

    #2 Posted: 22/9/2008 - 10:47

  • mic59

    Joined Travelfish
    30th July, 2008
    Posts: 107
    Total reviews: 5

    A cash passport is a cashcard that is loaded with a selected currency when you go overseas. The amount that is placed on it depends in part on the current exchange rate. This may or may not be available in your country(I am in Australia).

    #3 Posted: 22/9/2008 - 15:03

  • khunwilko

    Joined Travelfish
    27th January, 2007
    Posts: 560

    I'm not sure about a "cash passport" but the problem with baht is that you always get a substantially better rate in the country than outside.
    With large amounts ($20k up) this is not so true.

    #4 Posted: 10/10/2008 - 12:08

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