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Best way of changing currency when travelling SE Asia.

Travel Forums Asia Best way of changing currency when travelling SE Asia.

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1. Posted by Rollios (Budding Member 16 posts) 5y

Hello,

Can someone give me some advice on taking currency around SE Asia, I will be going to Thailand, Malaysia and Singapore for 3 weeks, its it best to just take travellers cheques, or is there any special cards I could get. Ideally I don't want to be taking 3 weeks worth of currency with me, but I'm not sure what most people do.

2. Posted by vegasmike6 (Travel Guru 3562 posts) 5y

I use USD travel checks when I am in SEA. I get them free, but most pay a 1% fee to buy them. There is also a service fee per check when cashing them in Thailand. Take large TCs if you choose that option. Cash TCs at banks. You will get a better exchange rate.

Most visitors to SEA now use ATMs for cash. ATMs also charge fees when using them. Check with your bank and compare fees. Then you will know what is the best option for you. Good luck with your planning.

3. Posted by CheersT (Travel Guru 2455 posts) 5y

Research ATM cards. Several have no fee plans for foreign withdrawals. They're by far the easiest/cheapest option when traveling to destinations that see lots of tourists like SE Asia.

Have fun.

Cheers,
Terry

4. Posted by karazyal (Travel Guru 1652 posts) 5y

The fee to cash a travelers check in Thailand is 33 baht. When you bring travelers checks only bring the largest denominations so you don't waste fees on small amounts.

In Thailand if you use a debit or credit card you will have a 150 baht surcharge on top of the normal ATM fees so don't waste fees on small withdrawal amounts.

Remember to notify your bank if you will be using their credit card overseas. When the bank notices ATM requests suddenly coming from overseas they suspect fraud.

Have fun.

5. Posted by vegasmike6 (Travel Guru 3562 posts) 5y

Thailand has a terrible record when it comes to ATM fraud. Here are several incidents reported in the papers. Be vigilant in protecting your card and pin number. Good luck.

6. Posted by jackflora (Budding Member 3 posts) 5y

Hi Rollios, as advised above I feel cards are the best option. But if you like to carry Travellers Cheques then use large amount TC's, to avoid the fees, or contact your bank for clarifications, and be care full while using your credit or debit cards, have a great trip.

Bye

Jack

Post 7 was removed by a moderator
8. Posted by rieulet (Budding Member 6 posts) 4y

Quoting vegasmike6

I use USD travel checks when I am in SEA. I get them free, but most pay a 1% fee to buy them. There is also a service fee per check when cashing them in Thailand. Take large TCs if you choose that option. Cash TCs at banks. You will get a better exchange rate.

Most visitors to SEA now use ATMs for cash. ATMs also charge fees when using them. Check with your bank and compare fees. Then you will know what is the best option for you. Good luck with your planning.

Thank you for sharing such a good info.

9. Posted by Kate Lee (Inactive 12 posts) 4y

US dollar are most suitable currency which can be easily convery every where without any problem . i prefer US dollar

10. Posted by Daawgon (Travel Guru 1993 posts) 4y

It's getting near impossible to cash traveler's checks in many countries now. The biggest headache of all being Burma - no atm's, no traveler's checks - it's all about 100% perfect cash notes there.

I just bring my debit card when I'm in SEA - works fine 99% of the time (just be sure to tell your bank of your plans).

[ Edit: Edited on 30-Dec-2011, at 09:14 by Daawgon ]