18002099100
UK Student Visa Application Guide 2025: Eligibility, Fees & Balance Requirements
By Thomas Cook Admin
Guide on Best Currency Exchange Rates for Travelers Abroad
Table of contents
Managing a different currency while travelling abroad can quickly become an expensive affair, especially if you are unprepared for the same. This brings up the questions of how you can get the best Forex rates and what you must keep in mind while exchanging your currency. There are plenty of ways to carry your money, like cash, traveller’s cheque or Forex card. Also, there are many merchants like banks, Forex exchange providers, airports, local vendors, etc which provide the service of exchanging currency at varying rates. Here is a quick guide to getting the best exchange rates on Forex while travelling abroad.
1. Stay updated with Forex rates
If you have sufficient time before travelling abroad, you can keep a close eye on the exchange rates every day. It is a 2-minute task where you can Google the latest exchange rates and get the best Forex rate when your currency performs strong, giving higher exchange rates. At that time, you can convert your money and freeze the perfect exchange rate by loading the same onto a Forex card.
2. Compare rates with different merchants
Depending on the place you are visiting, various merchants will be providing different rates for the Forex exchange. Compare the Forex rates offered by different vendors and then choose the best one. Remember, the cheapest one is necessarily not the best option. You need to evaluate the various services provided by them, like the delivery speed of Forex cards, how fast your merchant provides exchanged currency, and many more.
3. Avoid Forex exchange at Airports
If at all there is a worst place to exchange your currency, it has to be airports. Please do not wait until the last moment to exchange your money at the airport. They offer very high exchange rates as they take advantage of your last-minute helplessness. You may lose 6-8% of your money by paying high Forex rates at airports. It is highly advisable to convert your money well in advance for the best currency exchanges.
4. Foreign Exchange Institutions
One of the major problems in exchanging currency with banks, whether in India or in abroad is that they might refuse to exchange your money if you don’t hold an account with them. This is a common problem and it can happen with anyone. The best way to exchange currency is to reach out to Forex exchange institutions which work dedicatedly on Forex exchange only. They will provide you with a better service at a convenient fees/rate. Thomas Cook is India’s only AD-II RBI approved Forex institution, so you know where to go!.
5. Carry a Forex card
You should carry both cash and a Forex card to avoid losses (in case of theft or lost bag/wallet) while travelling with 100% cash. A better alternative is to carry 30% cash and the rest 70% loaded in your Forex card. This will allow you to maintain the fluctuating rates and offer better exchange rates than cash.
6. Don’t use your Debit/Credit Cards
Never use your regular domestic debit or credit card unless very urgent. They charge a host of fees, and you will end up paying high Forex exchange rates. It is always better to carry a different Forex card which is accepted globally as it will have significantly fewer charges and will also be accessible easier. Many credit cards can charge up to 3% fees when used abroad.
7. Digital currency
Digital money is the future, research on the local payments apps which are widely accepted in the particular country you are visiting. For example, in India,Paytm is one of the most commonly usedappsto make a transaction, similarly, in USA, PayPal is used. You can directly load money in your digital account with which you will be able to transact easily and are less likely to lose your money anyway. You will also get better currency exchange rates on digital platforms rather than through physical means.
8. Avoid multiple exchanges
Many might think that USD is a globally accepted currency, and thus, it is better to take USD and then get it converted into local currency. This will lead you to pay higher rates in fees or exchange rates. Always insist on exchanging your money directly with the local currency of the country you are travelling to.
9. Opt for an extra Forex card
This is not a very crucial requirement but one should carry an extra card for his/her own safety. Just imagine being stranded in a completely new place without access to your money, it can be nothing less than a nightmare. So, it is better to opt for an extra Forex card as it is extremely easy to book one simply through the Thomas Cook website.
10. Look for authenticity
While you exchange your currency in India, always make sure to deal with a person/institute who is an authorized stakeholder of RBI. Do not fall in the trap of any frauds who offer cheaper rates. Always do your own research before getting in any sort of deal.
Table of contents
What Happens if Your US Student Visa is Revoked? Meaning, Consequences & Options
By Thomas Cook Admin
Recommended Articles for you
UK Student Visa Application Guide 2025: Eligibility, Fees & Balance Requirements
Reading Time: 6 minutes 0 0 So, you have decided to take your education adventure to the UK? Brilliant choice. Whether it’s the rainy charm of London or the Harry Potter vibes of Edinburgh, the UK is home to some of the world’s best […]
What Happens if Your US Student Visa is Revoked? Meaning, Consequences & Options
Reading Time: 4 minutes 0 0 You have packed your bags, hugged your family, and boarded that long flight to the United States with dreams bigger than your suitcase. But suddenly, out of nowhere, you receive the dreaded news: your student visa has been […]
10 Unmissable Things to Do in Colombo for Every Kind of Traveller
Reading Time: 8 minutes 0 0 The capital of Sri Lanka, Colombo, is the base city for starting your Lanka adventure. As the capital city, there has diverse places to visit and things to do in Colombo. The rich culture and history contributed to […]
Ireland Student Visa Application Guide 2025: Eligibility, Fees & Balance Requirements
Reading Time: 6 minutes 0 0 Planning to study in Ireland in 2025? Then you’re in for an exciting ride, filled with quality education, charming accents, and yes, a fair bit of paperwork. But before you start packing your bags and dreaming of Irish […]
Top 10 Places To Visit In Dharamshala For A Perfect Himalayan Getaway (2025)
Reading Time: 7 minutes 0 0 Want to get away to a peaceful place in the Himalayas? Mountain tranquillity, Tibetan spirituality, and exciting hikes are all available at the Dharamshala tourist attractions. All of these things make it a great place to go on […]
Top 10 Places to Visit in Kasol for Nature Lovers and Backpackers
Reading Time: 8 minutes 0 0 Kasol, often referred to as the Amsterdam of India, is popular among nature lovers and adventure enthusiasts. One of the top tourist attractions in Himachal Pradesh, Kasol draws the attention of numerous people throughout the year. If you’re […]
German Student Visa Application Guide 2025: Eligibility, Fees & Balance Requirements
Reading Time: 6 minutes 0 0 So, you’re eyeing a degree in Germany. Excellent choice. Pretzels, punctual trains, and world-class universities. But before you can hop on a flight with your dreams and duffel bag, there’s a little paperwork involved. Welcome to the exciting […]
Australia Student Visa Application Guide 2025: Eligibility, Fees & Balance Requirements
Reading Time: 6 minutes 0 0 So, you’ve set your sights on kangaroos, beachside barbeques, and a globally respected education system. Smart choice. Australia is one of the top destinations for international students, but before you start dreaming in Aussie slang, there’s a not-so-little […]
Canada Student Visa Application Guide 2025: Eligibility, Fees & Balance Requirements
Reading Time: 6 minutes 0 0 If you are planning to study in Canada in 2025, you are in for an exciting ride that comes with snow, maple syrup, and a whole lot of paperwork for your Canada student visa. Getting a Canada student […]
Top 5 Hidden Hill Stations Near Dehradun You Must Visit
Reading Time: 7 minutes 0 0 Introduction to Dehradun and Its Surrounding Hill Stations Tucked away in the foothills of the Himalayas, Dehradun is a scenic city that opens the door to some of the most serene and unspoiled hill destinations in northern India. […]
Cherai Beach Retreat – Your Ultimate Beach Escape for Relaxation and Rejuvenation
Reading Time: 7 minutes 0 0 Imagine a tranquil beach where golden sands meet the gentle waves of the Arabian Sea, and time slows down just enough for you to breathe, unwind, and reconnect. Nestled on the picturesque shores of Kerala, Cherai Beach Retreat […]
Top 8 Longest Rivers in India You Must Explore
Reading Time: 8 minutes 2 0 Introduction to India’s Longest Rivers India is a land blessed with some of the most extensive and culturally significant rivers in the world. These waterways are not just geographical features—they are lifelines that support agriculture, sustain civilizations, foster […]
Top 8 Things To Do in Alleppey for an Unforgettable Experience
Reading Time: 7 minutes 0 0 Introduction to Alleppey: The Venice of the East Why Alleppey is One of Kerala’s Most Popular Destinations Alleppey, also known as Alappuzha, is a picturesque town in Kerala where the charm of tradition flows as freely as its […]
Top 4 Cultural Festivals in Jammu & Kashmir You Can’t Miss
Reading Time: 7 minutes 0 0 Jammu & Kashmir is known across the world for its breathtaking landscapes, but beyond the towering Himalayas and tranquil lakes lies a cultural heritage just as rich and vibrant. The festivals of Jammu & Kashmir reflect this diverse […]
Top 5 Things About Local Art and Culture of Rajasthan
Reading Time: 8 minutes 0 0 Introduction to Rajasthan’s Rich Art and Culture Rajasthan, the largest state in India, lies at the crossroads of desert and mountains. Its landscape is dotted with imposing forts, ornate palaces, and bustling bazaars, all reflecting a centuries-old royal […]
Amritsar’s Golden Temple and Fields of Gold: Your Ultimate Travel Guide
Reading Time: 7 minutes 0 0 Introduction to Amritsar’s Golden Temple The Spiritual Significance of the Golden Temple Located in the heart of Punjab, the Amritsar Golden Temple—also known as Harmandir Sahib— is one of the most revered spiritual sites in India. This holy […]
Bhangarh Fort Ghost Stories: Facts Behind the Haunted Legends
Reading Time: 7 minutes 1 0 Introduction to Bhangarh Fort: India’s Most Haunted Place Why Bhangarh Fort is Famous for Its Ghost Stories Set amidst the dusty expanse of Rajasthan’s Alwar district, Bhangarh Fort in Rajasthan is more than just another ancient ruin. It’s […]
50 Top Tourist Places to Visit in India That You Must Know
Reading Time: 9 minutes 0 0 Introduction to India’s Diverse Tourism India’s diversity is not just a matter of culture—it’s a way of life. Stretching from the mighty Himalayas in the north to the serene backwaters in the south, and from the golden deserts […]
10 Most Famous Hill Stations in Himachal Pradesh
Reading Time: 9 minutes 0 0 Himachal Pradesh, which people love to call the “Abode of Snow,” is India’s best mountain getaway. The hill stations in Himachal Pradesh are popular with all kinds of tourists. They have everything from famous resorts to peaceful slopes. […]
Best Time to Visit Kailash Mansarovar — Key Dates and Seasons
Reading Time: 4 minutes 0 0 Venturing into the mystical terrains of Kailash Mansarovar is nothing short of a profound journey into spiritual awakening and natural splendour. This sacred site, nestled high in the Himalayas, is revered by the Hindus, Buddhists, Jains, and followers […]