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Managing Foreign Currency On Your Summer Travels

Handling foreign currency while traveling can be challenging, but a little preparation goes a long way.  Check exchange rates in advance to budget wisely and exchange money at the best times. Use credit or debit cards with no foreign transaction fees to save on costs and carry some cash for emergencies—keeping it secure in a money belt or safe.

Avoid costly ATM fees by using banks with international partnerships. Exchange money at reputable locations, not airports or tourist areas, for better rates. Finally, track your spending with budgeting apps to stay on top of your expenses. Smart planning ensures a stress-free financial experience abroad.

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This communication is for information and educational purposes only. This is not a recommendation for the sale or investment in any product or strategy or to be perceived as individual advice. Information presented has been prepared from sources believed to be reliable but is not guaranteed and does not represent all available data necessary for making investment or tax decisions. Economic and market forecasts presented herein reflect a series of assumptions and judgments as of the date of this presentation and are subject to change without notice. Forecasts do not consider the specific investment objectives, restrictions, tax and financial situation or other needs of an individual. Actual data will vary and may not be reflected here. Accordingly, these forecasts should be viewed as merely representative of a broad range of possible outcomes. The opinion expressed by this individual is based on facts and circumstances known at this time, is subject to change and does not reflect the opinions of all financial professionals of XML. Financial professionals do not provide specific tax/legal advice and the information presented at this  should not be considered as such. You should always consult your tax/legal advisor regarding your own specific tax/legal situation.

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