The cost of holiday making abroad

Holiday maker’s problem

The biggest problem that faces holiday makers intending to travel abroad may probably the differences in holiday exchange rates. During peak holidaying months the exchange rates usually sour to dizzying heights thus making holiday making a very costly venture to undertake. The holiday maker should therefore research carefully before throwing money at what could potentially be a bankrupting experience. The research should not only be restricted to the sites/scenes and security but also a thorough study of the country of interest’s foreign exchange markets trends and behavior. The aim of the holiday maker should be ensuring that whatever budget he/she has set aside for the trip takes him/ her as far and for as long as possible.

Looking at various bureau de exchange rates at the airport and port terminals, one would most probably turn back and head home. The pond to dollar rate has greatly depreciated in anticipation of increased travel demand during the Easter period. Movement out and into Europeans practically triples during festive seasons like Christmas and Easter. This is the time that the foreign exchange brokers seek to maximize their profits by squeezing every single cent out of the travelling public.

Though there is the presence of credit cards that one can use to withdraw cash from anywhere in the World at probably the best foreign exchange rates, we still cannot help it but find ourselves queuing at the various bureau de change booths at airports or sea ports because the unreliability of these items is well documented. No one wants to find themselves stranded in a foreign country with no loose cash because the credit card has problems. As a consequence, before travelling, the holiday maker has to visit the best rate offering bureau de change to acquire some foreign cash balances. Also, most credit cards have an extra charge/ commission deducted from them in the event that money is withdrawn abroad. The charges may be quite hefty to an extent that the holiday may opt to carry cash balances instead.

Apart from the issues related to foreign exchange rates, other problems that may be encountered by the holiday maker include; hiked fare prices during peak seasons such as during Easter, hiked hotel and other accommodation facilities boarding fees etc. in general, the whole holidaying experience becomes one hell of a rip off especially when the experience turns out to be not so pleasant.

The other problem that faces the holiday maker is that of holiday destination selection. It is quite evident that there are generally specific destinations that majority if not all holiday makers would love to visit. The destination may depend on, the mood, time available for holiday making, the objective of travelling and the budget constraint faced by the holiday maker. Other factors may include government restrictions that may be in place about travelling to certain areas in the globe e.g. the government may restrict its citizens from visiting war tone regions for their own safety,