Money woes on holiday in the Eurozone with the euro exchange rates

September 6th, 2012

Worried about where to take your holiday this year and return, wallet intact? The euro exchange rates have many individuals and families rethinking their holidays. There are actually many affordable options as well as many money-saving tips and tricks that should get travellers through the holiday season without breaking the bank.

The first step is choosing where to vacation. Research is very important for this stage of the planning process, especially if looking for a less expensive trip. Airline tickets are more expensive to and from certain countries and cities, and certain countries and cities are more expensive than others. As a rule of thumb, capital cities tend to be more expensive than surrounding cities. Instead of heading to an expensive capital city, go to a place with natural beauty where money is not required to see the sites and everything from hotels to food and alcohol are much less expensive.

After choosing a holiday spot, much planning must go into creating a budget that includes all of the activities that destination has to offer. If determined to see a certain city that is more expensive, be sure to take advantage of all of the freebies that larger capital cities have to offer. Many capital cities offer extremely informative and comprehensive free walking tours. These tours give travellers the feeling that they have a handle on the city, seeing as they have just walked it for two to three hours, and can let them know what other things in the city are worth seeing and paying to see. Another advantage of capital cities are the museums and other historical landmarks. Many museums will be free, but it is important to do research ahead of time to see the costs and if there are any discounts for students or families. Then decide if it is worth the foreign currency to go to that site. If a less expensive venue is chosen, do extensive research on how to get the most out of the time spent there to show that it is possible to have a great holiday while saving money.

Once the planning is done, itineraries and budgets set, money exchange is the next step. When into or out of the Eurozone, be sure to be aware of euro exchange rates and fees for exchanging currency. It is often cheapest to withdraw money in the home currency then exchange it before hand as to not incur bank fees for using a credit card abroad. Just do not exchange foreign currency at the airport or train stations, as they tend to charge the most fees and give the worst rates.

For more information about euro exchange rates and currency exchange in general, visit the Best Exchange Rates UK website.