Home topics finance finance-cash-flow Cashflow Hot Tips Cashflow Take charge of your money when travelling for business: Expert tips David Flynn April 20, 2012 If you’re often dashing overseas to source products, oversee manufacturing or conduct business, it’s worth knowing how to save money when you’re buying foreign currency. Cash is still the most accepted form of payment no matter where you are, or what you’re buying. Despite the risk of losing it or having it stolen, all smart travellers still take money with them, even if it’s only to supplement purchases that can’t be done on credit card. But buying foreign currency from the wrong place could cost you as much as a lunch at a good restaurant. Unwary travellers can end up paying more than $100 extra if they swap Australian dollars for overseas currency at the airport. On the other hand, careful selection of where to purchase your dollars, pounds, Euros or yen can put some money back into your pocket for an overseas shopping spree. In a survey of over a dozen foreign currency exchange outlets, from banks to money change stores, Australian Business Traveller found that where you bought really affected how much you paid. When buying £500, the cost in Aussie dollars ranged from $848 (at Flight Centre Money Centre) to $958 (using the Travelex change booth at Sydney International Airport). That’s a solid $110 difference. That said, if you can present Travelex with evidence of a competitor’s cheaper rate, it is usually prepared