The cost of 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deducted from them in the event that money is withdrawn abroad.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,