Common travel money mistakes Australians still make
Smart travel starts with smart money. Find out how to dodge common travel money errors and make the most of your AUD overseas.
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Even the most seasoned Aussie travellers can slip up when it comes to managing their travel money. From relying too much on cards to ignoring exchange rates, a few small decisions can have a big impact on your travel budget. Here's how to avoid the most common pitfalls — and travel smarter.
Forgetting to exchange currency before flying
It’s surprisingly common for Australians to wait until they land overseas to change their money. But doing so often means paying higher fees and getting less competitive exchange rates, especially at airports or tourist-heavy spots.
Exchanging currency in advance in Australia allows you to:
- Lock in better rates before fluctuations
- Avoid inflated commissions abroad
- Start your trip stress-free with local currency in hand
Tip: Reserve your travel money online with Prosegur Change and pick it up at the airport before departure — 0% commission and excellent rates.
Relying only on cards or ATMs abroad
Digital payments are widely accepted, but cards and ATMs aren’t always reliable, especially in remote areas, local markets or small businesses where cash is still king.
What can go wrong?
- International card fees add up quickly
- ATM withdrawals can include double charges
- Card issues (blocks, fraud alerts) can leave you stranded without a backup
Smart travellers carry a mix of cards and cash exchanged in advance, ready for wherever the road leads.
Ignoring exchange rates and fees
Many Aussies assume all exchange services offer similar rates. But the reality is: rates can vary greatly between providers, and hidden fees can significantly reduce what you get.
When exchanging money, always:
- Compare rates — not just for the destination currency, but relative to the mid-market rate
- Check for hidden commission or poor spread
- Be wary of “no fee” signs if the rate is unusually low
Prosegur Change offers transparent, competitive rates and no hidden surprises. You can check live exchange rates before reserving online.
Carrying too much (or too little) cash
Finding the right cash balance is essential. Carrying too little can leave you short in places without card facilities. Carrying too much is risky for loss or theft.
So, how much is just right?
- Enough to cover initial expenses: transport, food, tips
- A few days’ worth of local currency for unpredictable situations
- Split cash between travel partners or keep some in a secure location, like a hotel safe or money belt
How to avoid these mistakes when you travel
Good travel money habits start before you even leave Australia. Here are some practical tips to make sure you're prepared:
Before flying
- Reserve currency online for a better rate and guaranteed availability
- Estimate your cash needs based on destination, travel style, and duration
- Plan a mix: some in local currency, some on a travel card, some back-up AUD
- Avoid last-minute airport exchanges where rates are least favourable
Trusted by Prosegur with over 30 years of experience, Prosegur Change makes foreign currency easy, secure and convenient — with branches at major Australian airports.
Before your next trip, here are a few FAQs to help you avoid the most common mistakes:
Smarter travel money habits: your questions answered
In most cases, yes — especially if you reserve online in advance. Rates tend to be more favourable than what you'll find in airports or hotels abroad.
No. Always carry backup cash, especially if travelling to remote areas, local markets or countries with limited card acceptance.
It depends on your destination and travel style, but a good starting point is enough to cover 3–5 days, plus transport from the airport.
Airport rates can be poor. If you're in a rush, find a reputable provider like Prosegur Change with airport pick-up and online reservations.
No — we offer 0% commission and great rates when you reserve your currency online.
Before you go: final currency tips for a smooth trip
Avoiding common travel money mistakes is one of the easiest ways to make your trip smoother and more affordable. With just a little planning, you can avoid fees, access better rates, and travel with confidence.
Reserve your foreign currency online with Prosegur Change and pick it up at your nearest branch before you fly.
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