Aussies still stressed about exchange rates and fees

Friday 27 April 2012

Article by Mozo

Holidays are supposed to be a relaxing and enjoyable time, but too many people let money worries spoil their annual break.

The last thing you want when you are lazing by the pool is to have concerns over exchange rates and budgets swirling around your mind.

According to travel credit card provider OzForex, 83 per cent of Aussies worry about the cost of transactions in shops, restaurants and bars when they are abroad.

Despite this, only 14 per cent said they used prepaid multicurrency travel cards, which is mind boggling.

By using a prepaid card instead of your everyday plastic, you do not need to worry about expensive charges.

You can also rest assured that by securing a more comprehensive deal, you will definitely receive the best exchange rates.

Most providers will lock in the rate at the time of purchase, which protects you against sudden fluctuations in the currency markets. It really is a no-brainer and you can enjoy your vacation without worrying about finances.

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