[quote=36065]I don’t think the dollar will keep dropping, it has just settled back from a record high. If anything should ebb back up to parity as the Euro/Greece fiasco settles down.
I wouldn’t personally get a travel/cash card and automatically lose ~%2 of my money right now. Only worth it if the dollar is temporarily up by more than that ~2%.[/quote]
Most travel cards are a 1% load which is minimal and definitely out weighs the drop in exchange rate.
As an example, I loaded my card a few months back when the euro was over 0.80. Loaded on $3500AU to convert to $2800EU. Take off 1% load ($28), i’m left with $2772 locked in.
If I had of decided to just use a standard credit card, and traveled this month (now), based on today’s exchange rate I would end up with $2,602.00 from my $3,500. ($170 worse off using a credit card). That is without taking into account any conversion or withdraw fee’s that most credit cards charge (with the exception of something like the 28 degree’s card).
I’m also traveling to the US and have had more of a win there due to the steadily dropping AU vs US rate.
The exchange rate only need’s to drop by 0.01 and your ahead! (there’s your 1%).