Tag Archives: what to do with leftover currency

What to do with extra currency after you buy foreign currency

Even though you may have planned your trip out perfectly, you can easily find yourself with extra currency after you buy foreign currency. To prevent having too much extra currency before your next trip, buy foreign currency from a service like XChange of America that can help you accurately determine how much currency that you’ll really need. It’s easy to buy too much sometimes because you may anticipate expenses that can be paid with debit or credit. Even if you have leftover foreign currency there is plenty that you can still do with it, so you shouldn’t worry if you have a little bit left over or even a lot.

Save your currency for your next trip

Many people save their currency if they have some left over after their trip, and this really only makes sense if you plan on returning to the country in the near future. This also is usually advisable when you have a moderate amount of currency left over. When you travel on a regular basis, you can buy foreign currency in large quantities when there is a particularly good exchange rate, and you won’t have to worry about buying it multiple times throughout the year. Whatever you don’t spend on your trip you simply save for your next trip, so if you buy foreign currency for regular travels, think about buying a large quantity on a particular day with a good exchange rate.

Sell it back to the currency exchange service

XChange of America can buy foreign currency back from you at a good rate, and you might consider doing this if you aren’t going to spend your currency anytime soon. This is recommended in many cases because you may have traveled to a country just for a vacation and you may not plan on returning for several years. You can always get your main currency back if you use XChange of America to buy foreign currency, and the customer support staff can give you excellent advice on how much currency that you will really need to help you avoid having to do this. You may also consider saving several different types of currency after you buy foreign currency if you travel regularly.

Save the extra currency as a memento

Many people save their currency after they buy foreign currency as a travel memento, and this can be great if you travel to multiple destinations on a regular basis. This is usually recommended if you only have a small amount of it, if you have more than a few dollars then you should consider exchanging it at XChange of America. Foreign currency can be a great keepsake along with other items that you may have purchased when traveling, and you can create a scrapbook or a collection of travel items when you do this. You may also consider donating the extra currency, as many charities will accept foreign currency. If you have any questions about how to buy foreign currency and avoid having leftover currency, contact XChange of America today.

Extra Cash After You Buy Foreign Currency Online?

Using leftover money after you buy foreign currency online can be tricky because you might not be sure what the best use of it really is. If you buy foreign currency online and have a smaller amount of leftover money you can always keep it as a souvenir as mentioned in the previous blog post, but there are several other good uses for leftover travel money.

Keep it for your next trip

One of the best uses for leftover travel money is to keep it for your next trip. If you plan on visiting a country more than one time in the future you should definitely consider using it for this purpose, as you won’t have to convert the currency back to your home currency and spend more money on another currency exchange. If you have a lot of currency left you may not even need to buy foreign currency online before your next trip.

Donate it

If you find that you have a lot of money left after you buy foreign currency online, you should consider donating it, and most charities will accept many different types of currency. Just contact your favorite charity and ask them what they recommend you do with the foreign currency that you want to donate, they may ask you to convert it to a different currency or they may just take it as it is. There are also ways to buy foreign currency online for the purpose of donating to an overseas charity, so you may want to ask about that if your favorite charity is overseas.

Give it to a family member or friend for their trip

If a friend or family member is traveling to the country that you just visited, you can help them out with their trip expenses by giving them a little extra currency. It will be appreciated, and at least in the United States you are legally able to gift several thousands (USD) per year without tax consequences.

Think about how much you’ll need the next time you buy foreign currency online

Try to predict more accurately how much money you need the next time you buy foreign currency online or at a currency exchange and you’ll have less left over after your trip. Sometimes you don’t really know how much you really need and may have to learn from experience, but if you carefully plan out your travel budget you won’t have much left over after you buy foreign currency online.