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Exchange before you escape

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exchange-before-you-escape

With the Northern Hemisphere summer approaching, you may be planning a trip to the UK and Europe.

It’s generally recommended that you take some local cash with you for arrival at your destination overseas, in addition to a credit, debit or travel money card. This will give you peace of mind when you arrive, eliminating the stress of needing to find an ATM to pay for taxis, public transport and tips.

The currency for most of mainland Europe is the Euro, although there are a few exceptions (including Switzerland, Czech Republic, Hungary, Poland and the Scandinavian countries). The Republic of Ireland also uses the Euro. Be aware that high-value Euro notes (€200 and €500) can sometimes be difficult to use due to concerns about forgeries.

The UK, on the other hand, still uses the Pound Sterling. Confusingly, Scottish and Northern Irish banks produce their own design of banknote - the value is the same as Bank of England notes.

Qudos Bank, through our Travelex partnership, offers an extensive range of foreign cash in more than 50 currencies (including Euros, British Pounds and all the major European currencies), and for added convenience a choice of denominations is normally available. Orders will usually be delivered to your local Qudos Bank branch within 48-72 hours (subject to location). Keep in mind that if you have any unused foreign banknotes when you come back from your trip, we can convert them back into Australian Dollars for you (subject to acceptability and at our re-conversion rates).

 

  Disclaimer:

Qudos Mutual Limited trading as Qudos Bank ABN 53 087 650 557 AFSL/Australian Credit Licence 238 305. The information in this article is of a general nature and has been prepared without considering your objectives, financial situation or needs. Before acting on the information, consider its appropriateness to your circumstances.

Travelex Limited ABN 36 004 179 953, AFSL 222 444 ("Travelex") is the supplier of foreign cash. Qudos Bank has an arrangement with Travelex to provide foreign currency to Members. We receive an agent commission fee. See our Financial Services Guide for more detail.

 

Article published July 2019