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State of Play

 

Michael Pratt

 

State of Play - Autumn Edition

Well, well well the RBA may finally be listening to the consumers as well as small to the medium business alike, what a relief.

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  • Traveller's cheques are always a reliable option as cash is easy to lose, however you will require ID when cashing them
  • Shop around for the best exchange rate
  • Airport foreign exchange rates are always more expensive than the City
  • Be aware of your surroundings if you are using cash
  • Travellers are targets to be robbed
  • When buying or selling cash, ask for high denominational notes, you will achieve a better exchange rate
  • Apply for a cash pass card
  • Ask for a portable Eftpos machine when paying restaurant account - Don't allow the waiter to take your card out of your eyesight
  • If you have to use money changers, always check with a calculator on your smart phone to confirm the transaction, never trust the currency dealers with their calculators
  • Be firm with the dealers in what you want as they may try and confuse you
  • Avoid foreign currency ATM's when you are away, they are expensive as they usually will not have direct arrangements with our local banks
  • Keep cash seperate from your credit cards
  • Always take two colour photo copies of your passport and drivers licence with you when travelling
  • Make sure you have your credit card's photo copied as well in case they are lost or stolen
  • Check your insurance policy covers as much as possible
  • We wish you all the best and please travel safely