What foreign currency do you keep?
#31



Join Date: Oct 2006
Location: Long Beach, CA
Programs: AA PLTPRO, HH Diamond, IHG Plat, Marriott Plat, Hyatt Globalist
Posts: 3,655
Anything left over from 70-plus countries, even currencies no longer in use. Last year I eschewed my old bag-of-everything in favor of country-specific 6.5"-by-3.5" envelopes. Obsolete money is a nice souvenir. In-use money goes in its envelope with transit cards, so when I head to Hong Kong I just pull that sleeve and I've got cash and my Octopus card.
#32
Suspended
Join Date: Jul 2001
Location: Watchlisted by the prejudiced, en route to purgatory
Programs: Just Say No to Fleecing and Blacklisting
Posts: 102,077
When I was much younger and going to be a bit too far from home for comfort or be in some unknown place, I used to always try to run around with a currency note in my shoe and/or sock, and it usually would be something equivalent to 5-20 hours of the wage for the average local McDonald's worker. Same thing if I went away to camp. While I no longer do that, the habit of wanting cash along with me most times has obviously not ended based on what I'm carrying with me today.
I am walking around with a collection of the following valid currency notes: USD, EUR, GBP, CAD, SFR, NOK, DKK, SEK, MXN, INR, ARS, BRL, CNY, THB, NZD, SGD.
I am walking around with a collection of the coins for the following: USD, EUR, GBP, SFR, NOK, DKK, SEK and CAD.
I also have some Belgian Franc, NOK and SEK notes that have been sort of demonetized. For those, I have to get the central banks to exchange them for spendable currency, but I'm holding off on doing that exchange with the old SEK notes until my collection of them is far more substantial.
Everything else I try to get rid of and run down before I leave the country of issuance. Surprised I have no AUD and JPY left.
I am walking around with a collection of the following valid currency notes: USD, EUR, GBP, CAD, SFR, NOK, DKK, SEK, MXN, INR, ARS, BRL, CNY, THB, NZD, SGD.
I am walking around with a collection of the coins for the following: USD, EUR, GBP, SFR, NOK, DKK, SEK and CAD.
I also have some Belgian Franc, NOK and SEK notes that have been sort of demonetized. For those, I have to get the central banks to exchange them for spendable currency, but I'm holding off on doing that exchange with the old SEK notes until my collection of them is far more substantial.
Everything else I try to get rid of and run down before I leave the country of issuance. Surprised I have no AUD and JPY left.
Last edited by GUWonder; Feb 11, 2020 at 2:17 am
#34




Join Date: Mar 2007
Location: SJC/SFO
Programs: WN A+ CP, UA 1MM/*A Gold, Mar LT Tit, IHG Plat, HH Dia
Posts: 6,377
I've never liked having a large value of cash "stranded" in a foreign currency. Even when I know I'll return to a country within a few months I prefer not to hold more than about $20US worth of its money. This is because 1) plans change-- that next trip may not happen, 2) it's a PITA to change foreign currencies back in the US without getting raked, and 3) it's rarely hard to get cash upon arrival. I've been to very few places so far where I haven't been able to locate a fee-free or low-fee ATM at/near the airport with a bit of advanced research.
The one time I made an exception to taking a lot of foreign money home with me was when the Korean Won crashed relative to the USD, trading 40% lower than the previous few years. I knew I'd be back to Korea at least a few times within a year from that point so I withdrew enough for 3 trips worth of normal out-of-pocket cash expenses.
The one time I made an exception to taking a lot of foreign money home with me was when the Korean Won crashed relative to the USD, trading 40% lower than the previous few years. I knew I'd be back to Korea at least a few times within a year from that point so I withdrew enough for 3 trips worth of normal out-of-pocket cash expenses.
#35
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Join Date: Jun 2013
Location: Ontario, Canada
Programs: Aeroplan, IHG, Enterprise, Avios, Nexus
Posts: 8,355
I've never liked having a large value of cash "stranded" in a foreign currency. Even when I know I'll return to a country within a few months I prefer not to hold more than about $20US worth of its money. This is because 1) plans change-- that next trip may not happen, 2) it's a PITA to change foreign currencies back in the US without getting raked, and 3) it's rarely hard to get cash upon arrival. I've been to very few places so far where I haven't been able to locate a fee-free or low-fee ATM at/near the airport with a bit of advanced research.
#36
A FlyerTalk Posting Legend




Join Date: Jul 2002
Location: MCI
Programs: AA Gold 1MM, AS MVP, UA Silver, WN A-List, Marriott LT Titanium, HH Diamond
Posts: 53,012
I don't see the need to keep much. I have a drawer with about 50 euros, 20 pounds, and 30-40 Canadian dollars in it.
#37
FlyerTalk Evangelist


Join Date: Jan 2014
Location: San Diego, CA
Programs: GE, Marriott Platinum
Posts: 15,744
I typically try to keep at least one of each denomination of coin from a country that I visit for the first time. A sort of souvenir, if you will. Otherwise I try to spend as much of the cash as possible before leaving.




