Vote Daily
Home » Travel & Immigration

Cheaper to Visit Ukraine

26. October 2012 by Lorena 0 Comments

Americans planning to travel to Ukraine in the coming months may get a bit of a boost to their budgets: experts say that the value of the hryvnia, Ukraine’s national currency, will drop in relation to the dollar by about 10% by year’s end. That means more purchasing power for your buck when you go overseas. Right now, the exchange rate is roughly 8 hryvnia per dollar; it’s expected to drop to around 9 per buck by December, and even lower next year. By the end of 2013, it could go as low as 11 hryvnia per dollar.

 

There are several things that you, the traveler, can do to save money and keep things convenient when you go. Because of fees associated with exchanging currency, travelers do not get the exact exchange rate that is listed in the financial papers. Research the options available to you to get the best rate possible. Ask your bank what exchange rate they can offer before you go. It is possible that they can give you a favorable exchange rate. However, you will find that not all US banks will be able to exchange for hryvnias. At the time of this writing, Wells Fargo will exchange for Ukrainian currency, but Bank of America will not.

 

The chances are better that you will get the best exchange rate using ATMs once you are in Ukraine. Be sure to let your bank and credit card issuers know that you are traveling overseas; otherwise, they might freeze your accounts to protect you from suspicious activity. 

 

ATMs in Ukraine will accept any debit card that has the Plus, Cirrus, Visa, MasterCard/EuroCard or any other internationally recognized bank network logo. ATMs are conveniently located throughout cities in Ukraine, and can also be found in airports and hotels. Most businesses in Ukraine only accept cash, so, you will need to visit an ATM before going out. In high end restaurants and boutiques, you will probably be able to use a credit card. However, many casual cafes will not be able to accept them, so, it is best to have cash on hand.

 

Traveling to Ukraine to meet someone special is an adventure you will never forget. Log on now to find the special one for you.

Photo: svilin001