How To Store Your Money Overseas

Useful tips about storing money overseas.

The Exchange Room

It’s your first time living by yourself overseas. You no longer have the safety net of a credit card you understand, an ATM in your language; you can’t even ask your parents for a bit of pocket money! If banks, finances and economics have always made you want to tear your hair out, you’ve come to the right place. So what is the best way to store your money overseas for you?

Cash

This is probably the simplest method of bringing your funds over to a new country; cold, hard cash. If the exchange rates are good in your country (and they usually are, since the currency you want to sell is typically the strongest in that country) you can lock in that exchange rate without worrying about it dropping. Otherwise, you can also get good exchange rates by bringing your native currency overseas, if that country has strong business…

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