NEW YORK--(BUSINESS WIRE)--While holiday shopping is on most people’s minds from October through December, savvy travelers know this is also an excellent time to save money on next year’s trips. Black Friday, Cyber Monday and especially Travel Tuesday (December 3) are all great days to look for travel deals. November and December have become the optimal months of the year to get travel deals, with airlines and hotels taking advantage of what has become the “travel shopping season.” Travel Tuesday is the best day to get these deals, with flash sales coinciding with holiday sales from retailers.
Laurie Chan, Head of Marketing at Travelex says, “Currency exchange is an important aspect of travel planning that many forget. With so many people booking their yearly trips during this time of year, we want to raise awareness around pre-planning for their currency needs. Tracking the currency rates of the countries you plan to visit and purchasing currency online when the rate is most favorable, can save travelers money and time.”
Travelex, the leading foreign currency service provider, recently conducted a North American customer survey and found that over 70% of the 1600 respondents take at least one international trip each year – with over 45% of those respondents taking two to four international trips a year. With international travel continuing to be popular among American travelers, and with Travel Tuesday offering great deals on international trips, Travelex has some tips on how to get the best value for your money when traveling internationally.
- Consider a prepaid money card like the Travelex Money Card. It can be a safer option than carrying cash, and you can conveniently reload it on the go when the exchange rate is beneficial
- Track the currency of the country you are traveling to with a digital currency tracker so you can get the best rate before you leave
- Order your currency online before your trip and get it delivered to you to avoid unexpected and higher fees that can happen with the last-minute rush
- Avoid using dollars and instead use the local currency to get better rates
- Use your credit card to get cash only in emergencies as there may be unknown fees with ATMs abroad
“In our recent survey 45.9% of respondents ranked foreign currency exchange as the last thing they do when planning a trip and only 42% of people said they don’t purchase any currency when they travel abroad,” adds Chan. “Not surprisingly, most people spend more time packing than dealing with their travel money. While online trip sales have grown exponentially, we haven’t seen that same behavioral shift when it comes to currency. It is important to understand that pre-planning for foreign currencies can be easy, convenient, and secure with online services available today.”
About Travelex
Headquartered in London, Travelex has a rich heritage in foreign currency, pioneering the travellers’ cheques of the past and the digital payments of the future. With a presence in over 27 countries, and over 1,200 stores at both on-airport and off-airport locations around the world, Travelex has distilled its expertise and experience into a platform that reinvents physical and digital cross-border money movement globally to ensure its clients remain one step ahead of the competition. The platform provides financial institutions with a trusted, efficient, and accurate international money payments service, plus secure and reliable banknote delivery of both major and exotic currencies.
A category-leading independent foreign exchange specialist, the business covers the entire value chain of the retail foreign exchange industry. Travelex Group is also active in the remittances and payments space enabling physical and digital cross-border money movement for consumers and financial institutions.
Travelex is part of the Finablr network of companies. These category-leading financial services brands meet the needs of consumers through deep regulatory know-how, relentless focus on technological innovation and a global network of retail stores, business partners and digital channels.