Travel insurance can resolve many worries

Most travellers assume that foreign exchange is as simple as presenting their money to a money exchange service, and getting back the local currency of the place they’re visiting. But as it turns out, it isn’t that simple, and unless you’re careful, you could lose out on a lot of money in the exchange process. Although there are a variety of ways in which you can carry money abroad – cash, ATM cards, credit cards and traveller’s cheques – each of them carries its own pitfalls.

Money is the most basic of all travel necessities. Having money troubles when abroad is a traveller’s worst nightmare, seeing as there’s no shortage of risks – theft, misplacement, overspending, unforeseen expenses, etc.  While travel insurance can resolve many of these worries, the greatest, hidden danger of dealing in currency abroad is – exchange rates.