Here's How Brexit Will Impact Your European Travel Plans
Everything you need to know.
You know by now that the United Kingdom voted to leave the European Union last night, which may leave you wondering, among other things, How does this affect my travel plans?
"The immediate effect is that it's a good time for American travelers to go to Britain and Europe," George Hobica, travel expert and president of the site Airfarewatchdog, told BuzzFeed Travel.
But even though Britain and Europe are more of a bargain than usual, the U.K. is even more "on sale."
So what should you do, exactly, to make the most of this favorable exchange rate? For starters, if you don't have a flight already, book one now — but do so through a British site, not an American one.
Next up: Book a hotel, which will likely be much cheaper than usual.
"We'll definitely see some rate adjustments downward [i.e., cheaper hotels] because of demand," Hobica said.
If you have a reservation already and your hotel is holding your card on file, be sure to ask them to process your final bill as a new transaction.
"That way, you don’t end up getting stuck with the less favorable exchange rate that may have been locked in on the date your card was authorized," Honig said.
Visitors can also pay with a different card entirely, just to avoid potential confusion, he added.
Once you arrive, use ATM cards to withdraw cash, rather than charging your purchases on your credit card.
"Visa and Mastercard have exchange rates that fluctuate from day-to-day, but they aren't in real time — so by taking money out from the ATM, you'll have a better idea of the exchange rate you're getting," said Honig, who's found, anecdotally, that ATM withdrawals match the real-time rate fairly closely.
Pro tip: Use an app like XE Currency Converter to track the real-time rate.