Kids today travel a lot in their school holidays — mainly to see their family. The first and last day of school holidays in many countries is a throng at airports, a rush at the sweetshops, and a crush in the novelty shops for last minute gifts. Cousins and grandparents are spread far and wide. Some adverts around holiday times massively feature the same scenes: doors flung open, suitcases dropped, and huge embraces from far-flung family members, as everyone finally meets up with a cheesy grin.

But it really is true: ask any kid you know, and at least one other kid in their class will have family that lives abroad. That’s why school holidays are fun. And sometimes massively costly: you will try and book your travel as far ahead as possible to get a better price; but can you do the same for your currency?

Switching currency months ahead may mean you lose out on a favourable exchange rate move in your favour; leaving it till the last minute means paying extortionate fees at an exchange vendor. One way of managing this risk, is putting your holiday spending money into a more neutral currency basket — for example, the GLX.

The GLX mirrors the world economy, not that of your home currency. And when you’re ready to travel, you can convert the GLX into the currency you need, when you need it. Have the same power over your wallet, as you have over your travel. You choose when and how to travel. Now choose when and how to re-organise your wallet.

GLOBCOIN gives your wallet some financial independence. And not just for school holidays.

Written by: Linda Leaney — Globcoin CFO