While some people prefer to use travellers' cheques, usually for security reasons, and some feel that paying for goods and withdrawing money from foreign banks using their credit cards and debit cards is easier and less hassle, having at least a small amount of foreign currency in your wallet is always the best idea.
After a flight, boat or coach trip, the last thing many people want to do is to go in search of a bureau de change or cash machine in order to get hold of some local currency. Instead most of us simply want to find the taxi rank and get to our hotel, but without any local currency to hand this isn't going to be easy. So before you go away, it is always a good idea to exchange a small amount of money for when you arrive on holiday.
Of course much of the foreign currency that we purchase these days is in Euros and Cents, the official unit of currency for the majority of countries within the European Union. If you are unsure as to whether of not Euros are used in the country you are about to visit, below is a list of all countries who have so far adopted the Euro:
Greece (including the Greek Islands)
Portugal (including Madeira)
Spain (including the Canary Islands and the Balearic Islands)
The Republic of Ireland
The good thing about so many countries sharing the same unit of currency is that any cash you do not spend while you are away can be put away in a drawer until the next time you visit one of the above countries or areas. In the past, holidaymakers have received low buy-back rates and have sometimes been forced to pay relatively heavy fees from currency exchange companies on the foreign money they no longer want. Now that so many countries have adopted the Euro, it is far more economical and also much easier to keep hold of the cash until the next time you travel.