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Euros | 1.0766 |  |
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US Dollars | 1.2586 | |
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Australian Dollars | 1.7897 | |
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Canadian Dollars | 1.6756 | |
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Croatian Kuna | 8.3028 | |
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Thai Baht | 39.3891 | |
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Turkish Lira | 7.0740 | |
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South African Rand | 17.8724 | |
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Polish Zloty | 4.8446 | |
We regularly update the exchange rates displayed within our comparison tables throughout the day. These are updated and taken directly from the travel money supplier’s websites who we scan automatically.
Rather than shopping around on each individual supplier’s website, our clever piece of software aggregates all suppliers to create a LIVE travel money comparison portal.
Our research has found that you should never change travel money at the airport. As you are almost held ‘captive’ by the airport bureaux’s, the exchange rates on offer and high commission offered will often lead to a poor deal on travel money. You will get the best exchange rates by ordering your holiday money online. Online travel money suppliers will generally offer you 0% commission on all currency with a choice of pickup options. This can be either free next day home delivery (when buying over a minimum amount) or airport collection. A good first port of call is to check out the MyTravelMoney comparison tables for a complete list of online travel money suppliers.
In a nutshell, you should compare travel money providers based on exchange rate and commission. The exchange rate is the amount of foreign currency offered for £1. Quite simply, the higher the number, the greater the exchange rate offered. For example, $1.65 to £1 is a better exchange rate than $1.63 to £1. If you base your decision on who is offering the better exchange rate rather than certain delivery options, go with the provider that offers the most amount of currency for your £1. The other important factor is commission charges. Most online travel money suppliers do not charge commission, however some smaller kiosks and airport bureaux’s may still want to charge you a fee for the privilege of using their service
Simply, the sell rate that you will see at the airport kiosk will be the exchange rate that is offered by a travel money supplier when you go overseas and want to buy currency in exchange for GBP. As said, we have found that sell rates are usually far more competitive when you buy travel money online. The buy rate is the exchange rate the travel money supplier will offer to buy your foreign currency and give you pounds.
The currency markets will fluctuate on a second by second basis. If you have time on your hands, it is important to regularly check the exchange rates on offer by MyTravelMoney’s panel of partners to secure the most bang for your buck
MyTravelMoney.co.uk has rigorous vetting criteria to ensure we only list quality suppliers that pass our strict guidelines to participate on the site. All our travel money suppliers featured within the comparison tables use ‘SSL’ technology to ensure your data is encrypted over the web. Effectively purchasing travel money online with these partners is as safe as a simple internet banking transaction.
Travel Money suppliers in the UK are required to be registered (and depending on size of outfit regulated) by the Financial Services Authority. In addition, they are required to provide a transparent statement of the exact price of your travel money order prior to pressing submit. This all means no ‘hidden’ charges.
The travel money suppliers listed on MyTravelMoney will accept payment by Credit/Debit Card, Bank Transfer or Cheque. Always check on the supplier’s website for full payment details and method of payment.
Whilst you can use your UK bank card overseas (check where there is Visa, MasterCard, American Express on offer), it can be very expensive. You will have to incur additional fees every time you use the card. The more you spend, the more additional fees are incurred. This will comprise of a commission fee and a foreign exchange loading charge. Try not to withdraw cash on a credit card whilst you are overseas. This will make you liable to pay interest on the withdrawal, regardless of whether you pay back in time.
A common mistake to make is not notifying your overseas bank that you are going on holiday. You run the risk of your card being blocked due to fraud. It only takes a couple minutes to call up and notify the bank of your destination and how long you anticipate being away for
The majority of travel money companies listed on the site will deliver currency to your door by Royal Mail courier. This is done special delivery next day if you book your currency before a certain time. If you prefer, some suppliers we list will let you pick up the currency at the airport or specified branch. This affords you the luxury of not making annoying journeys to the high street or airport queues. Booking your travel money online can be a hassle free experience!
Often, holidaymakers can come back from overseas with leftover foreign currency. Some of the travel money suppliers we list offer a buy back service without any commission. You will not be charged for exchanging the money back to your home currency.
On our comparison tables we list providers who use Royal Mail Special Delivery to send you your purchased currency. This is fully insured for up to £2,500. Generally, orders for over this amount are broken into separate parcels for insurance purposes.
At the moment, we only list UK based travel money suppliers. We are always looking to partner up with overseas foreign currency specialists and encourage all our overseas visitors to regularly check back the website.
If you have any other questions, please do not hesitate in contacting us. Our team of editors and customer service representatives will be more than happy to help you with your upcoming travel money purchase.
MyTravelMoney.co.uk is the UK’s leading travel money comparison website, with featured reviews, guides and information to bring you best deals.
