When you’re traveling outside of your home country, figuring out how much things cost in relation to your home currency can be difficult. You need to know the current conversion rate between the two currencies and then apply that to the purchase price. Sometimes you can eyeball the price when it’s a simple ratio. US Dollars to Japanese yen is usually somewhere around 1:100:
If I was buying something that cost 1000 Yen, I’d know that’s about $10 or a little less. Things get a little more tricky when traveling to the United Kingdom.
If you’d see something that costs £100, it also costs $128 USD. So just think that everything is 30% more expensive than it appears to be and you’ll be fine.
What about if you’re going to Thailand. One US dollar equals 30 Thai Baht. Try doing that math in your head all the time.
Imagine if your hotel, or restaurant or gift shop offered when you handed them a credit card if you would like to pay for the charge in local currency or your home currency? If you’re tired of doing math, I’d bet you’d jump at the chance to pay the amount in your local money, right?
However, If you ever get this question, ALWAYS PAY IN LOCAL CURRENCY!!!
Continue reading “Avoid This Foreign Currency Ripoff At All Costs”
