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Finance and money forum

Exchange rates

Posted by mic59 on 20/9/2008 at 18:19

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 mic59 has been a member since 30/7/2008. Posts: 107

Posted by cactusjoe on 22/9/2008 at 10:47

so what is a cash passport?

#2 cactusjoe has been a member since 21/9/2008. Posts: 7

Posted by mic59 on 22/9/2008 at 15:03

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 mic59 has been a member since 30/7/2008. Posts: 107

Posted by khunwilko on 10/10/2008 at 12:08

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 khunwilko has been a member since 27/1/2007. Posts: 560

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