Currently is June Holiday and many including me went overseas for the past few days. It is literally overseas as I went to Legoland Malaysia for the past few days. I did what most people did, went to money exchanger and swap SGD for Ringgit when the news articles post great rates of 3.43 during the last weekend! But there is better option out there!
Disappointment
However, to my disappointment. The money exchanger gave me the rate of 3.395 last Saturday on 10 Jun 2023 although many news articles everywhere posted that the rate is 3.43! Why! As a backup, usually I would also bring along some credit cards + ATM that allowed me to withdraw money overseas! This prompted me to do some research.
Spending in Foreign Currency
With this, this came to the next questions of:
“What are the fees involved when transacting in overseas currency?”
Two things that came to my mind:...