How much cash should you bring to Asia?

How Much Cash Should You Bring to Asia?

While credit and debit cards are widely accepted in most Asian countries, it’s always advisable to pack some cash for smaller purchases, emergencies, and cultural experiences. Carrying local currency also allows you to avoid currency exchange fees and get a better exchange rate.

Recommended Cash Buffer

For a two-week (fortnight) trip to Asia, it’s recommended to bring a cash buffer of $500-$1000 per person. This amount will provide you with ample funds for unforeseen expenses and spontaneous purchases.

Benefits of Carrying Cash

• Spontaneous purchases: Cash allows you to take advantage of local markets, street vendors, and small shops that may not accept cards.
• Unexpected costs: Unexpected expenses, such as medical emergencies, taxi fares, or visa fees, can be easily covered with cash.
• Enriching local experiences: Supporting local businesses and street vendors by paying in cash helps boost the economy and creates a more immersive experience.
• Negotiation power: Cash often gives you more negotiating power at markets or when hiring local services.

Cautions

• Declare your cash: Inform customs authorities upon arrival if you are carrying more than $10,000 USD.
• Secure storage: Keep your cash safe by using a money belt or other secure storage device.
• Avoid carrying large amounts: Splitting your cash into smaller denominations and storing it in different places can reduce the risk of theft.

Additional Tips

• Check the currency exchange rate before you go.
• Exchange your currency at official exchange bureaus or banks to avoid unfavorable rates.
• Be aware of counterfeit bills by checking them carefully.
• Keep track of your expenses so you know how much cash you have left.

Conclusion

While credit and debit cards are convenient in Asia, carrying some cash provides peace of mind and allows you to fully embrace the local culture and experiences. A buffer of $500-$1000 per person for a fortnight will provide you with the flexibility and security you need to make the most of your trip.