But one aspect many fail to consider until the last minute involves financial details of how much cash you will need and the best way to plan ahead of time.Be prepared Where cash is concerned, it's best to take the amount you need with you, so put a little thought into how much cash you'll need each day.
Do a little homework Unsure of whether your destination is a cash economy? Do some research online, check in with your local travel agent, or ask friends who have been there for insight. The dollar is strong, but inflation is high The U.S. dollar is strong right now and while that can make a holiday seem cheaper, remember that, in most parts of the world, inflation has risen alongside the dollar's value. You may get more local currency for your dollar, but things may cost more. It would be wise to research the costs for certain items at your travel destination before your trip.
If you can, go physically into a bank. But whether you do that or use an ATM, be sure they are a reputable establishment. Look for a corporate logo and use an ATM locals appear to use. For many ATMs, this could include dynamic currency conversion, or DCC, which converts user transactions into their home currency. This could lead to bigger surcharges depending on the ATM network. Be sure to read all the fine print and understand the terms before opting for this service. Travellers should determine whether the rates and service work in their favour — or not. After all, conversions are often cheaper when billed in the destination's local currency.