How To Get The Most Of Your Money When Traveling

When traveling to another country, there are several key ways to get the most out of your money. Among the most effective methods is timing your travel right: taking advantage of a favorable exchange rate can considerably enhance your buying power. In the real world, though, a plethora of arrangements to be made and tickets to be bought may inhibit the luxury of planning travel months in advance. But even if you’re planning your travel just a month or even a week in advance, there are still ways to be smart about your money. To minimize losses when converting to another currency, finding a good place to change your money is key.

Long-Term Planning

Plan to travel when your money is worth relatively more in the country you are visiting. Every country has a fluctuating exchange rate so that there is balance in the supply and demand of currency. Timing your travel correctly, therefore, can make a significant difference in the amount of spending you do.

A clear example of a fluctuating market is the euro to US dollar exchange rate. In year 2002, each euro was worth $.83. Now, in July of 2005, each euro is worth an upwards of $1.2059, meaning the euro increased more than 31% in three years. This favorable rate of exchange for the euros makes traveling to the US a much more favorable deal in 2005.

Two ways to see if traveling to another country is a good deal, then, are to look at historical data and anticipate the future. You can easily check the historical rate of a currency pair by visiting a foreign exchange news site and pulling up a yearly chart. A good website for this is DailyFX (www.dailyfx.com). Having an inkling about the future direction of the exchange rate may prove more challenging, but it is not impossible. DailyFX has fundamental and technical news reports to guide you in this respect.

Short-Term Planning

When travel plans are made in the short term, the key to maximizing buying power is finding the right place to change your money – that is, getting the best rate for the time that you are traveling. It is essential to do research in advance, namely, checking the rates at domestic banks, credit cards, foreign banks, and ATMs.

At Home

At home, you can contact your local bank teller and ask about changing your money to a foreign currency. Experts suggest to only change enough to cover travel costs until you are settled at your destination though, as the costs of exchanging money at home can be prohibitive. Another service available is an online money exchange, which will take your funds and send the converted money to your home. The risk posed in this service is the safety of your funds during transportation.

In most instances, asking your credit card representative about exchanging money is the best approach to getting a great exchange rate. Credit card companies have access to better rates than individuals and often deal in more than one currency. One precaution to take, nonetheless, is to check if your home currency is losing value, since not all transactions are converted instantly. Be cautious of the possibility of receiving a lower than expected rate several days later.

Abroad

While exchanging money after arriving to a foreign country is the most convenient option, the obvious risk is the lack of options. The quoted exchange rate given may be determined purely by supply and demand, meaning that you will end up with a price close to what is being quoted in the foreign exchange market globally. The government of the country you are visiting sets the currency exchange rate, which must be offered by anyone who is changing money; and a mark-up in the rate is inevitable. An easy way to see if changing money in a foreign bank is a favorable decision is to compare currency rates beforehand in a local newspaper.

ATMs of a foreign country may also be a convenient way to obtain local currency at a reasonable rate. Keep in mind, however, that your withdrawal may be subject to a fee from both the foreign and your local bank. Another precaution to take is to tell your bank of your travels, as they often freeze cards if out of the ordinary transactions take place. As an illustration, if you make withdrawals in four different countries over the course of a week, your bank may see this as a red flag and for security, immediately lock all transaction of funds.

Website Claims Romania To Be One Of The Most Beautiful European Travel Destinations

A year ago, two Romanian backpackers were sitting around a campfire in the Carpathians when they came up with a winning concept.

They’d make an online travel guide to Romania illustrated with rich, personal narratives and lots of alluring photography. And that’s not all. This travel guide would also connect tourists and adventurers interested in the sights and stories with travel agencies able to fulfill their wish of getting to Romania. Today, [http://www.spirit.ro] brings fresh perspective to a country that is considered by many to be a path less traveled.

Nestled between Eastern European countries such as Hungary, Yugoslavia, Bulgaria, Republic of Moldova and the Ukraine, Romania is a country that defies the mafia-ridden stereotype. Breaking from the closed, counterfeit information model of former communist marketing, [http://www.spirit.ro] encourages the travelers to share their story, to show others what they saw through the lens of their camera, to tell their own personal and intimate truth…about Romania.

If one hasn’t traveled to Romania so far, then [http://www.spirit.ro] will offer a free test-drive of what Romania’s got to offer as a travel destination. The travelers will have the opportunity to meet fellow wanderers from all over the world, to express their doubts and ask for advice, to read catchy stories and real travel journals.

Experience Maine with Coastal Kayaking Tours

Are you an avid kayaker? Do you love to travel? Are you searching for a way to experience sea kayaking while taking in the scenic views of the Eastern U.S. coast? Then sea kayaking in Maine is right up your alley. Set your sites for the Maine. It has a striking coastline and waters sure to satisfy any kayaker.

Instead of arbitrarily dropping your kayak in the sea off of Maine’s coast, take a moment to consider the services of Coastal Kayaking Tours. Located in Bar Harbor, Maine this outfitter provides guided sea kayaking tours. The company has been in the kayak business for over twenty years and promotes an atmosphere of fun and adventure.

Have you just started kayaking and are hesitant about paddling on the sea coast? Don’t worry. Coastal Kayaking Tours provides kayak tours for kayakers of all levels. They have sunset and harbor trips as well as extended camping adventures. Looking for shorter trips? They have half day and full day trips available. Do you want to kayak with your family or are you planning a company retreat? Family and group kayaking tour packages are also offered. All kayaking levels and trip plans can be accommodated through Coastal Kayaking Tours.

Are you new to kayaking and need to purchase a kayak? Coastal Kayaking Tours sells used kayaks that are affordable and of high quality. You can also purchase other kayaking equipment such as life vests, paddles, and spray skirts.

Who runs the Coastal Kayaking Tours? Coastal Kayaking Tours employs several guides. These kayaking gurus have not only passed the Registered Maine Guide exam, but engage in extra classroom and water course training. They want to ensure a safe kayaking tour for all.

Where do the kayaking guides take you? You will paddle along Maine’s gorgeous coast. They are located in Bar Harbor, Maine. This is at the mouth of Acadia National Park. Maine consists of nearly 3,000 islands to admire. Specifically, day trips paddle around Mount Desert Island. The Porcupine Islands of Frenchman’s Bay and Blue Hill Bay may also be explored.

The kayaking tours sound wonderful, but many times the option to take such a vacation depends on the cost of the trip. You will find that Coastal Kayaking Tours offers affordable vacation packages. Half day tours currently run $45 per person, while full day tours are $69 per person. Two day camping trips are currently $249 per person. Shorter trips such as the Harbor and Sunset trips are a mere $36 per person.