Best countries for digital nomads – and how to manage currency like a local
Posted by Sarah Ebrahem on June 5th, 2025.
The rise of remote work has opened the door to a new way of life for many professionals. Instead of commuting to the same office every day, digital nomads are setting up their laptops in coworking spaces, beach cafés, and mountain cabins around the world.
But while the freedom is tempting, managing finances across multiple currencies can be a challenge. Fortunately, with the right planning and tools, you can live and work abroad without letting exchange rates eat into your income.
Top destinations for digital nomads
Whether you’re chasing better weather, lower living costs, or a more inspiring work environment, choosing the right country can make all the difference. Here are some of the best destinations for digital nomads in 2025, and what you should know about handling your money while living abroad.
1. Portugal
Portugal has rapidly become one of Europe’s most attractive hubs for digital nomads. Cities like Lisbon and Porto offer excellent internet connectivity, affordable living costs, and a laid-back lifestyle. The country also introduced a new digital nomad visa in 2022, making it easier for non-EU remote workers to stay here legally.
2. Thailand
From the bustling cityscape of Bangkok to the tranquil beaches of Chiang Mai and Phuket, Thailand remains a favourite among remote workers. The low cost of living, vibrant expat community, and friendly locals make it an easy and enjoyable base.
3. Mexico
With warm weather, fast Wi-Fi, and an increasingly digital-nomad-friendly visa policy, Mexico is ideal for North American nomads. Popular spots include Mexico City, Playa del Carmen, and Oaxaca.
4. Georgia
Not to be confused with the US state, the country of Georgia offers a one-year visa-free stay for citizens of over 90 countries – including the UK. Its capital, Tbilisi, is a blend of ancient architecture and modern convenience, and is home to a thriving tech scene.
5. Indonesia
Bali is practically synonymous with digital nomad culture. With coworking hubs in Ubud and Canggu, affordable accommodation, and a rich cultural backdrop, it’s easy to see why so many choose to live and work here. Indonesia is also in the process of rolling out a digital nomad visa aimed at long-term stays.
Managing money overseas like a local – top tips
Working remotely abroad often means earning in one currency, spending in another, and transferring between accounts in multiple countries. That can get complicated, and expensive, fast. Here are a few tips to stay financially savvy while working abroad.
Use currency transfer services to avoid high fees
When transferring money overseas, such as rent, tuition, or simply living expenses, traditional banks may not give you the best deal. With TorFX, you can lock in a favourable exchange rate, receive rate alerts or set up regular transfers, helping you make the most of your money while avoiding unnecessary charges.
Track exchange rate trends
Even small shifts in exchange rates can make a big difference over time. If you’re paid a salary in pounds (GBP) but you live in a country with an unpredictable currency, like the Mexican peso (MXN) for example, you may gain or lose substantial spending power depending on the timing of your transfers. By keeping an eye on market trends, or by using tools like our rate alert, you can choose the best time to send your funds.
Budget in the local currency
It can be tempting to think in your home currency, but this can often lead to overspending. If a coffee costs 50 Thai baht, don’t just compare it to what you’d pay back home, compare it to the average local salary or daily expenses. This will not only help you budget better, but it will also help you to create fresh spending habits in your new home.
Smarter spending abroad
Living the digital nomad lifestyle is more achievable now than ever, thanks to flexible visas, fast internet, and a growing network of like-minded travellers around the world.
But to thrive, not just survive, abroad, it’s essential to be smart with your money.
Using a trusted provider like TorFX for currency transfers helps your hard-earned income stretch further, no matter where in the world you log in.
If you want to find out more about our services, you can reach us by email at [email protected] or give us a call at +44 (0) 1736 335 100!
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