Six ways to make your travel money go further on holiday this summer

Daily Record

10-07-2025

If you're jetting off this summer make sure you know these tricks to get the most out of your converted currency.
The great British getaway is in full swing as families across the country jet off to foreign shores on their annual summer holiday. Preparation for a memorable vacation are key and include the usual passport checks, travel insurance and the all-important hand luggage that meets the airline specific size requirements.
However, finance experts at TotallyMoney are urging people to look more closely at their money, specifically how they plan to pay for food, gifts and other holiday treats or essentials.
Alastair Douglas, CEO at TotallyMoney explains how one of the most important things to do is pay in local currency to get the most value from your cash. Another thing to consider is which credit card to take - if at all - to make sure you're not being hit by hefty currency conversion charges.
Avoid the airport
Alastair warned: 'The airport will almost always offer the worst exchange rates, so avoid it at all costs. If you have time, then shop around in advance for the best rates to boost your spending power this summer.'
Pay local
Alastair explained: 'Whether you're paying for a bill, buying something, or withdrawing cash, always remember to select the option to pay in the local currency when you're abroad, and never in pounds and pence. That's because it's likely you'll be charged additional fees for the currency conversion, meaning you'll be paying more money for the same thing.'
Pack the right card
Alastair warned: 'Don't get burnt by bank charges this summer and take a fee-free card with you. Otherwise, if you pack the wrong one, you could find yourself paying £8.15 for £5 of cash when abroad.'
Set yourself up
Alastair said: 'If you're using Apple or Google Pay, then it's worth checking the settings and selecting the right primary card for your holiday. Otherwise, when you get back, you might find out you've been paying extra, adding to your post-holiday blues.'
Spend wisely
Alastair advised: 'If your provider does charge flat fees when using your card, remember that making multiple, smaller purchases or withdrawals can really add up. In which case, you might be better off withdrawing a larger amount of money once, and setting a daily budget.'
Dodge double conversions
Alastair warned: 'If you're in the UK and switching one foreign currency to another foreign currency, then it's likely that you'll be charged two sets of fees or commissions. One will be to convert your cash into pounds, and another from pounds into the new currency. So, you might be better off waiting until you reach your destination and exchanging there.'