tamara
regular
Reged: 11/12/2005
Posts: 62
Loc: Blyth Northumberland at the mo...
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Debs and I havetravelled all over the world, both 1st and 3rd wotld countries. We've never took travellers cheques etc, we only tookour hole in the wall cards. Draw £200 of local currency as and when you need it, We actually foundmore hole in the walls inPeru than in NZ. This means you get the best axchane rates at the time and your not carrying loads of cash, which makes you a target for crims
PS i do realise not everywhere has hole in the wall facility, but careful planning and forethought.
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Barry & Debbie
Tamara
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artemis07
new user
Reged: 16/01/2008
Posts: 4
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Sorry, I am in the wrong website! Where the hell is the liveaboard forum?
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Conachair
regular
Reged: 24/01/2004
Posts: 539
Loc: Canaries
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Don't worry, your right here. It's just that living aboard needs some cash and cash is different depending which counrtry you're in  Actually, thinking about it living aboard doesn't have as much to do with boats as you might think. More laundry, best sim cards and where's the best market!
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bryantee
regular
Reged: 31/08/2001
Posts: 352
Loc: lefkas Greece (Summer)Cochin...
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it does get complicated.Most of my pension comes from GB.I pay uk tax by choice.(Dont go There) I live 5 to 6 month in greece ashore and afloat. so pay and live in euros .the other half year I live in India,at present ashore( In company housing) but the new build goes afloat november time.Bits and pieces from UK Europe and Hong kong (USd).Euro debit card,GBP credit and Indian company account.every body takes cash.
Its a daily should I shoudnt I. I think that every time I try to beat the market I get shafted.but its only money(Lost)
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phlim
regular
Reged: 16/05/2001
Posts: 648
Loc: Channel Islands
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I think Lemain's advice is sound - keep your cash spread across the currencies and use whatever is most favourable the time. This is basic hedging isn't it?
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Rgds
Phil
Dream as if you'll live forever..
Live as if you'll die today..
James Dean
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capnsensible
regular
Reged: 15/03/2007
Posts: 1251
Loc: Atlantic
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Hiya,
Well having been fortunate to do this trip a few times, I can reveal what works. As opposed to 'take a guess'.
Every time I go, I take US dollars. Works EVERYWHERE.
Now enough for clearing in fees wherever you end up is sufficient. For a bit of an early float too, You shouldn't need more than about 100 US. Cashpoint machines are now all over the place, so no need to be a robbery target, just get what you need as you need it.
It has worked for me from Venezuela to Bahamas!!!!
Hope this helps.
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KellysEye
regular
Reged: 23/07/2006
Posts: 759
Loc: Bonaire
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>Cashpoint machines are now all over the place, so no need to be a robbery target, just get what you need as you need it.
It has worked for me from Venezuela to Bahamas!!!!
Do not use cash machines in Venezuela you will get the official exchange rate. Get recommendations for an agent who operates in the black market, there are many and most are trustworthy. Do a bank transfer in dollars and get roughly double the official rate.
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capnsensible
regular
Reged: 15/03/2007
Posts: 1251
Loc: Atlantic
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I was advised in Margarita 'do not get caught using black market money agents 'cos you will go to jail'.
So I didn't.
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KellysEye
regular
Reged: 23/07/2006
Posts: 759
Loc: Bonaire
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Interesting point, we didn't change any money in Margarita just on the mainland. It's no problem there.
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trouville
regular
Reged: 10/06/2004
Posts: 2847
Loc: crusing with an Arpège
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I dont think the euro will remain strong.I live in Europe!I see more people than ive ever seen stop spending!I mean everyone the average.
At the markets im BUYING fruit & veg with cash as a skipper while others that used to comment on my economy are takeing the leftovers i used to take.
People dont have money to save then no invstement money for the banks,& remember they leaverage,hence the credit problem today!Asset stripping and bank liquidity rules went with the Thatcher revision
In october when im back aboard my shrunken boat ill be back at the market but by then ill have to fight to get a percentage perhaps even starve?My god what will i do??Turn to drink!!!
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liveaboard
Edited by trouville (30/04/2008 21:30)
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