Why Currency Cards Are The Best Solution For Travelers Wanting To Buy Thai Baht

If you're planning to travel from Britain to Thailand or in fact any other country, you will need to ensure that you have sufficient foreign currency for your visit. To buy Thai Baht is often problematic in the UK. Not all exchange offices have this currency in stock, and you might have to face long queues in one of the larger branches.

No matter which exchange office you use, they will quote you a Thai Baht exchange rate. Unless you know the market well, you won't even know if it's a good rate or not. On top of that you'll also have to pay a transaction fee. This can become a sizeable percentage of the amount you exchange, especially if you are not exchanging a substantial amount.

Fortunately one can go about this differently. If you rather get a currency card before you leave, you won't just get a better exchange rate, you also won't have to pay the transaction fee of a normal exchange transaction. Just explain to the assistant how much you need in Baht and she will calculate the exact amount in British Pounds you have to pay in. The card will then be loaded with the applicable amount in Thai Baht.

This means you will not end up the victim of sudden changes in the exchange rate either. The amount of Thai Baht is calculated the day when you deposit the money on the card, and that's the exact amount you will have available once in Thailand. With a debit/credit card, the amount of Baht you get is only calculated at the time of withdrawal. This could sometimes benefit you, but more often than not it will work the other way round.

A currency card can be used like any other bank card at ATMs in 160 countries around the globe. No more standing in lengthy queues to exchange Pounds every week. You also won't have any need for informal currency exchangers who often scam people. You even get currency cards that work exactly like a credit or debit card - you can use them to pay your hotel bill, to eat out and to purchase at shops accepting major credit cards.

As far as security is concerned, a currency card is also much better than a credit or debit card. The currency card is not linked to your personal bank account. That means that, if it should get stolen, there's no way for the thief to get access to funds that are not on the card. As long as you keep your PIN safe, your risk is minimal.

Next time you therefore need to buy Thai Baht, think twice about your options. A currency card is the more convenient, more secure option. You also save on transaction fees and you will get the best possible exchange rate.


------

If you want to spend less money on your trip to Thailand use FairFX to Buy Thai Baht.