Should I take cash when traveling internationally?

Should You Take Cash When Traveling Internationally?

In the past, travelers were advised to exchange their currency before their trip and carry large amounts of cash for their expenses. However, with the increasing availability of ATMs and currency exchanges at airports and in cities worldwide, carrying large amounts of cash is no longer necessary or secure.

Why ATMs Are Your Best Bet

ATMs are widely accessible in most countries, and they offer several advantages over carrying cash:

• Convenience: ATMs are easy to find in airports, banks, shopping centers, and other public areas.
• Security: Carrying large amounts of cash can be risky, as it can make you a target for theft or robbery. ATMs, on the other hand, are often located in secure locations and provide discreet transactions.
• Exchange rates: ATMs typically offer competitive exchange rates that are often better than what you would get at a currency exchange bureau.
• No need to pre-exchange: You don’t have to worry about running out of foreign currency or exchanging it back at the end of your trip. You can simply withdraw money from an ATM as needed.
• Access to local currency: ATMs allow you to withdraw local currency, which is essential for small purchases and interactions with local businesses.

Exceptions to the Rule

While ATMs are generally the best option for most travelers, there are a few exceptions where carrying cash may be necessary:

• Remote areas: In some remote or developing countries, ATMs may not be readily available. Carrying a small amount of local currency may be advisable.
• Political instability: In areas with political instability, ATMs may be unreliable or closed. Carrying cash may be necessary as a backup.
• Specific purchases: Certain purchases, such as tours or large items, may require cash payment. It’s a good idea to inquire about payment options before making such purchases.

Conclusion

For most travelers, carrying cash when traveling internationally is no longer necessary or secure. ATMs provide a convenient and secure way to access local currency and avoid the risks associated with carrying large amounts of cash. By using ATMs, you can save time, protect yourself from theft, and get the best exchange rates.