3 Money Tips for Your Post-Covid Holiday in 2021

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Despite huge infection rates currently spreading through certain nations such as India and its Covid-19 variant threat to other countries, the world seems determined to begin to get back to normal as soon as possible and that means going to work, socialising in public spaces and booking holidays to other countries.

Portugal is one such country that has recently opened its borders back up, which saw a huge amount of British holidaymakers return to the popular holiday destination, although some restrictions such as vaccination or negative test proof remain in place.

As we begin to resume some semblance of normality, you might be thinking of booking your own holiday for this or next year, but there are some things you still need to be aware of in order to save money, including:

  • Conversion Rates
  • Free Vaccination or Test
  • Covid-19 Insurance Cover

Currency exchange is a necessary part of travelling to another nation but can cost you more if you don’t do a little research first while you can get a free Covid-19 vaccination and test in most countries so don’t pay for these and given the unpredictable nature of the world’s economy in relation to Covid-19, the necessary insurance is vital so you don’t end up losing a lot of money.

Conversion Rates

One of the most important things when travelling to another country is the local currency exchange rate, that is the amount of money you can purchase for use in another country against the price of your own currency, GBP to USD, for example. Historically, conversion rates are somewhat unpredictable and are treated by investors as any other stock, i.e. not without risk.

Even on a minute-to-minute basis, currency rates are changing, so before you purchase your foreign currency, make sure you check current rates using an online tool such as Calconi Currency Conversion. Currency converter apps are extremely accurate and updated regularly, some on a minute-by-minute basis in line with the most recent data.

You might consider purchasing your foreign money now, as some of the world’s leading analysts forecast a downward trend in the exchange rates of all major currencies over the next few years. To save money on an exchange you can employ some simple tactics such as purchasing at the right time of day, buying from a bank or ordering traveller’s cheques.

Free Vaccination or Test

The tireless efforts of the world’s health care agencies have been nothing short of miraculous when it comes down to trying to beat the spread of Covid-19. Organisations such as the British NHS, the United Nations and even private-sector pharmaceutical companies have pulled together for the first time in history to combat the deadliest disease in living memory.

As it stands, the UK and the US have given almost everyone their first dose of a two-part vaccination from companies such as Pfizer and AstraZeneca at 64.6 million and 295 million citizens respectively. Vaccines are free and purchasing one privately is prohibited, so if you pay for one you could be breaking the law, but more alarmingly, probably receiving a counterfeit jab.

Covid-19 testing kits can be requested from various medical agencies for free in order to test yourself at home but they can also be purchased privately. You should at least consider getting a testing kit when you are planning to travel as some countries are barring entry for anyone who cannot provide proof of a negative Covid-19 test, so you will lose your money without proof.

Covid-19 Insurance Cover

Similarly, you should also ensure that you get the right cover when travelling as the pandemic still isn’t over. Even though some countries are beginning to open up and allow entry to holidaymakers with a negative test result, things can still go wrong. No country has to give a prior warning to barring entry in Covid-19 related situations and without the correct insurance, you will lose money.

Also, should you contract Coronavirus while on holiday, you might not be covered to receive medical treatment by that nation’s healthcare service, which could cost you dearly when it comes to expenses. However, many insurance providers are now offering travel insurance that covers treatment and repatriation should the worst happen. 

Some holiday companies have also restricted cancellations related to Covid-19 so you should be careful to read all of their terms and conditions when booking your holiday, as this means that if you were to cancel over Covid concerns or a particular country decided to close its borders then you might not be entitled to your money back when cancelling.

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Written by themoneyshed

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