Hi there all!
I am off to Laos next week! The intention being to live there so of course I am going to need to take some funds with me!
Right then what is the best way to take my money with me?
I'm not overly keen on taking loads of cash with me to be honest so I'm thinking of different options....
My idea is to take say £2000 Cash with me, open myself a Lao bank account and then do an international bank transfer from my UK account to the Lao account.
My bank (Santander) In the UK have said that it is a £25 transfer charge however a Google search found this:
Exchange Rates, Best Foreign Currency Exchange Rate | TorFX
Who seem to do it for no charge. Now the thing is the transfer rate is according to the Lao bank so is doing a international bank transfer a good idea or would I be better to risk it and carry my money with me in cash? Or Perhaps I should even change my £ in the UK to $ USD And take that with me?
I've never done this before so please excuse my Naivety but of course I want to get the best deal I can!
Thanks for the advice in advance!