Buying Currency for Backpacking Holidays in Europe

If you are planning on taking a backpacking holiday in Europe it’s obviously a good idea to buy some currency in advance so you are not charged extortionate exchange rates at the airport or train station for your travel money. While you clearly wont want to be risking carrying around large amounts of cash in your wallet or rucksack, its still worth while having some local currency already in hand for when you arrive at your European city destination – particularly as you may arrive at an awkward time during the night (especially if arriving by train on an inter rail pass) when some currency exchanges may be shut.

Many young backpackers will look to buy currency from there local foreign exchange broker - simply because it is often the most convenient method of buying travel cash - but if you plan ahead carefully and buy your Euros online when the exchanges rates are at the best point for your regional currency (be it pounds, US Dollars etc), you may actually be able to get much better exchange rates and therefore make your hard earned money go a lot further during your backpacking trip in Europe.

With 16 current EU member states currently using the Euro as there currency – plus another 6 countries in the continent now using the Euro, it clearly makes sense that you will be needing this currency during many of the great city destinations you visit during your backpacking trip – so why not plan ahead and get a better exchange rate deal before you set off on your backpacking holiday in Europe by buying your Euros from an online broker instead of the local high street exchange.