Foreign Currency Tips
1. Know how much cash to take. Carrying too much money can be a safety issue, but travelling with too little may also be a problem if you have difficulties accessing your bank account. Before ordering your currency, check whether cashpoints are widely available at your destination and whether your hotel or rental car agency accepts credit cards.
2. Stay away from big notes. In some countries, taxis or smaller shops might not have enough change to handle large-denomination notes, or may not accept them for security reasons. Be sure to get plenty of smaller notes for food, drink and taxis while you’re on holiday.
3. Keep small notes at hand for tips. Having small notes before your trip will make it easier to tip taxi drivers or hotel porters when you arrive. Check your guide book or ask your holiday rep how much to tip.
4. Check that your bank card works abroad. Some banks put an automatic international security stop on cards to prevent fraud. Contact your bank before you go on holiday to check.
5. Book your travel money in advance. It pays to be early, since you won’t get the best deal at airport or station foreign exchange counters. Isle of Man Post Office offers competitive rates on all currencies and is available from all 26 Island Post Offices.
6. Consider a range of travel money. You might want to consider not putting all your travel money eggs in one basket. For instance, if you take just travellers cheques, converting them to cash might not always be as convenient as having cash in your pocket. Likewise going loaded with rolls of notes and nothing else means you could come unstuck should your travel money go on a holiday of its own! You might consider taking enough cash to keep you going for a few days at a time backed up by travellers cheques
Once you come back..
7. Sell back any notes you do not need for a future holiday. If you bought your foreign currency at Isle of Man Post Office just show your receipt and we’ll buy back all your leftover travel money commission-free (notes only) at Regent Street Post Office and Ramsey Post Office.
8. Store leftover coins. If there’s a chance you’ll be going back to the same country the coins will come in handy for things like luggage trolley or payphones at the airport. Just put any leftovers in an envelope labelled with the country name and they’ll be ready to go for your next trip.
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