Airports take 9.66% of your Euros

Airports take 9.66% of your Euros Mystery Shop

£600 worth of €urosExchange RateAmount of €Mid Market XE rate% Margin applied by provider
ICICI Bank1.1612696.721.18542.04
Barclays - High Street1.1268676.081.18544.94
Natwest - High Street1.1231673.861.18545.25
Travelex - Heathrow Departures1.0689641.341.18549.82
Moneycorp - Gatwick Departures1.0709642.541.18549.66

Key Findings

  • British Holidaymakers can save up to €59.10 on every £600 worth of holiday money purchased online
  • Findings show that Airport Bureaus and High Street Banks apply margins of nearly 9.7% on the ‘true mid-market exchange rate’
  • 0% commission should largely be ignored when trying to distinguish between a good or bad travel money deal
  • exchange rates are the key indicator to obtaining the fairest deals on travel money
  • desk research finds that buying online for collection at airport is substantially cheaper than purchasing at airport
  • Home delivery of currency is the cheapest and fairest overall deal for holidaymakers

Data collated is true to live recordings of rates between 2.30pm-2.45pm, 4th September 2013

Written by Sofia Kluge on Google+


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