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Answers (11)

Managing currencies?

Managing currencies?

  1. Anonymous

    Hi Lucky – I hope all is well!

    I searched through the archives, but couldn’t seem to find a post on this topic. Given the amount of travel you do, how do you manage moving between all the currencies you come across? Do you have a good system? I realize most everything can be paid for via credit card, but as an ex-pat I recently did a clean out to find OMR, QAR, EUR, GBP, USD, SCR, HKD, PHP and a few rubles lurking in my house. Some I will use again and others the denomination is too small to change to something useful. Most likely they’ll end up getting donated to the Emirates Airline Foundation…

    Bonus question: which currency is your favorite? (I’ve always liked the AUD). ๐Ÿ™‚

    All the best from Dubai,

    Ann
    [URL=’https://atozaatar.wordpress.com/’]A to Za’atar[/URL]

  2. MidSouthSkier

    Good question! [USER=4]@Lucky[/USER]

  3. Gaurav

    Ann, I think with this hobby a few odd notes and coins are unavoidable despite my best efforts to spend everything before I leave a country. I just think of them as souvenirs :).

  4. Anonymous

    Oh this is fun! My solution is two-fold:
    [LIST]
    [*]Have a debit card that reimburses ATM withdrawals, so I don’t feel compelled to take out more cash than I’ll actively need.
    [*]If it’s a country I doubt I’ll be returning to in the near future, I’ll put any extra cash on my Starbucks card as I’m leaving the country
    [/LIST]
    Otherwise, I just keep it. I probably have ~$500 in foreign currency at any given point in time. It stays organized in my credit card binder, so I can easily grab whatever currency I need before a trip.

  5. Ann Benjamin

    [QUOTE=”Gaurav, post: 13442, member: 79″]Ann, I think with this hobby a few odd notes and coins are unavoidable despite my best efforts to spend everything before I leave a country. I just think of them as souvenirs :).[/QUOTE]

    Oh – I definitely agree! I enjoyed recalling all the trips that accompanied the currencies. ๐Ÿ™‚

  6. Ann Benjamin

    [QUOTE=”Tiffany, post: 13446, member: 7″]Oh this is fun! My solution is two-fold:
    [LIST]
    [*]Have a debit card that reimburses ATM withdrawals, so I don’t feel compelled to take out more cash than I’ll actively need.
    [*]If it’s a country I doubt I’ll be returning to in the near future, I’ll put any extra cash on my Starbucks card as I’m leaving the country
    [/LIST]
    Otherwise, I just keep it. I probably have ~$500 in foreign currency at any given point in time. It stays organized in my credit card binder, so I can easily grab whatever currency I need before a trip.[/QUOTE]

    Believe me, I’m hoping for a return trip to the Seychelles! Hopefully those rupee will come in handy one day soon. ๐Ÿ˜‰

    The EUR, GBP and USD will always be useful and are good to have some on hand – saves a trip to the money exchange. Thanks for responding!

  7. David W

    [USER=7]@Tiffany[/USER] How well does the Starbucks app work in foreign countries? Are there fees? What about exchange rates?

    Thanks!
    David W

  8. Anonymous

    [USER=29]@David W[/USER] — Oh, I haven’t used the app overseas, so I don’t know. And I don’t worry much about exchange rates when it’s $5-$10 worth of loose cash going back on a gift card. Maybe someone else knows!

  9. Gaurav

    So you just buy a starbucks GC locally and they work when you come back to the US? Good idea to keep in mind!

  10. Anonymous

    Almost — I put local currency on a US card. It might work both ways, I’ve never tried it.

  11. Aerov53

    [USER=7]@Tiffany[/USER] [USER=4]@Lucky[/USER]

    Would love a formal post on this. I’m about to go on a RTW trip that will have me going from USD > EUR > GBP > AED > AUD > YEN > USD. Some sure fire strategies like using gift cards to move currency would be helpful!

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