Omolabake Fasogbon International travellers often face the challenge of currency exchange, especially when time is of the essence. Factors such as fluctuating exchange rates, and hidden and varying exchange rate methods humble even the smartest currency buyer who most times are forced to alter their initial budget, due to losses. However, these factors being influenced by circumstances, including economic indicators, political stability, central bank policies, and market speculation can still be harnessed favourably, depending on how parties play their game, experts reckon.
The funds available to a traveller are just as important as his travel purpose, while fulfilling this purpose. Getting a good exchange deal thus comes quite handy. Managing Director of 171 Bureau De Change Limited, (BDC) Mr.
Jamiu Amusa, noted that many travellers miss the opportunity to get good exchange rate due to ignorance. For this, he stressed a considerable knowledge of the forex market, including Bureau de Change (BDC) platforms and local banks. He stated that understanding the market would enable travellers plan properly and prepare for market fluctuations.
“This will not only help travellers navigate shocks but also secure budget and have a pleasurable travel experience”. He stated however that from experience travellers severally overlook studying the exchange rate ahead of trips, causing them not to get attractive rates. “This is in addition to not engaging trusted sources for money excha.