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Travel Guide

Currency & Money

Cards, cash and the gentle science of never paying more than you should.

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Overview

Overview

How you carry your money abroad is one of travel's quietest decisions — and one of its most expensive when made carelessly. Between exchange spreads, card fees and ATM charges, the wrong habits can quietly tax everything you buy by four to eight percent.

Get it right and your money simply works as hard as you do. Here is how much to carry, when to reach for plastic, how to win a fair rate, and how to tip with grace rather than guesswork.

The essentials

Cards, Cash & Conversion

One elegant rule carries you almost everywhere: cards for the large and traceable, a little cash for the rest.

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How much to carry

Three or four days of small spending in local currency is plenty — refill from in-network ATMs rather than exchanging a fortune at the start.

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The right card

A zero-markup or multi-currency travel card sidesteps the two to three-and-a-half percent banks quietly add. Always choose to pay in the local currency — never "in rupees", which hands the merchant a worse rate.

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Winning the rate

Know the mid-market rate before you fly, and treat airport and hotel counters as a last resort — their spread is the least generous you will ever meet.

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ATMs abroad

Use bank machines, decline their currency-conversion offer, and withdraw larger sums less often to keep per-transaction fees in their place.

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2–3.5%
Bank markup
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0%
A good travel card
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3–4 days
Cash on hand
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airport kiosks
Best avoided
Grace notes

Tipping, Without the Hesitation

Tipping is a language that changes at every border. In the United States, fifteen to twenty percent is simply expected; much of Europe folds service into the bill or asks only for a small round-up; Japan does not tip at all and may be gently puzzled if you try; Southeast Asia welcomes it without requiring it.

When in doubt, a five-to-ten percent round-up for genuine care is gracious almost anywhere. Keep a few small notes for the people who make a trip glide — the porter, the driver, the housekeeper — and never feel pressed to tip where it simply is not the custom.

Good to know

Frequently Asked Questions

Local currency, always — choosing rupees lets the merchant set a poorer rate through dynamic currency conversion.
A zero-markup travel card is usually the kinder choice; a standard card adds two to three-and-a-half percent plus possible cross-border fees.
Enough for three or four days of small spends, topped up from ATMs rather than carried in bulk.
Airport exchange kiosks and hotel desks — reserve them for the smallest of emergencies.
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Currency — Travel Guide · Live Traveller