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Monday, May 3, 2010

Buying Foreign Currency Notes

For those planning to go to foreign country it is advisable to check on the currency exchange, preferable to know how much to keep as pocket money. Keep it at minimal level as bringing lots of cash will bring bring more problem than benefit. Minimal is very subjective and you need to know and assess your needs, better still if you can ask your friend who had been to that place.

You can check this website as a benchmark, WAWASAN SENTOSA a local money changer located at LG floor near KFC, Mid Valley. Their website is updated daily, except on weekend. This is just for a benchmark as the rate offered is better than average money changer and you can check the rate online.

As not all foreign currency are sold at the money changer, it is recommended for you to buy US Dollars or Euro currency which are widely accepted by other money changer oversea. For example if you want to go to Egypt and it is difficult to find a money changer that is selling Egyptian Pound in Kuala Lumpur, the best bet is to buy either USD or EUR currency and to buy the egyptian pound in Egypt.

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