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A prepaid multi currency travel card, also recognized as a Forex travel card, is one of the most safe and convenient ways to carry foreign currency when travelling. This blog highlights some of the advantages of using plastic money rather than foreign currency. Intercontinental travellers often use prepaid cards such as a multi currency travel card to carry foreign currency with them when they travel. One reason for using such a travel product is that after the card is loaded with the required currency at latest foreign exchange rate, the user can use it to swipe for transactions overseas or to withdraw money from ATMs. First benefit is that you do not have to carry liquid money as it increases the risk of robbery. On top of that, one would be carrying heavy baggage, that one must take care of. Money would be an additional item to keep an eye on. If in case some amount of money gets pickpocketed, it becomes challenging for any person to tell the exact amount robbed, to the cops. However, if you carry the card pre loaded with cash, you won’t have to worry about such scenarios. Suppose that your card gets robbed. Then it is not a matter of worry, as you can easily have your card blocked by calling the customer care.
exchange rate of money
The risk grows as the leverage is higher.
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