MyTravelMoney.co.uk Mystery Shop
Key Findings– The cheapest and fairest way to obtain your currency is by comparing deals with an online currency specialist. They will only tend to add markups from as little as 1% away from the interbank exchange rate giving you the best deals.
– When buying travel money, the exchange rate is the key indicator to obtaining the best value on your chosen currency
– It has been proven by our desk research that Airport Currency Bureaus remain the most expensive place to buy travel money adding mark-ups of over 10%
– 0% commission should almost always be ignored as high mark-ups are added instead
– Travel money mystery shop data was collected between 1.00pm and 1.15pm on 5th November 2013
Web Editor at MyTravelMoney Sofia Kluge comments:
”Airports once again appear to be the world’s most expensive place to buy travel money. As you are a captive customer, our research and data shows that you lose around £70 on every £600 you exchange. Remember, 0% commission doesn’t mean free travel money. The true, hidden cost of converting currency is within the exchange rate.”
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Sofia Kluge on Google+
