PriceCheck | Get The Most Bang For Your Holiday Money Buck!
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MyTravelMoney.co.uk PriceCheck
| £600 worth of €uros | Exchange Rate | Amount of € | Mid Market Rate | % Margin applied by provider |
|---|---|---|---|---|
| TravelFX - Online | 1.246 | 748.786 | 1.260 | 1.154 |
| Icici Bank - Online | 1.241 | 745.601 | 1.260 | 1.575 |
| Moneycorp - Online | 1.239 | 744.459 | 1.260 | 1.726 |
| Lloyds - Highstreet | 1.196 | 718.916 | 1.260 | 5.097 |
| Barclay's - High Street | 1.192 | 716.392 | 1.260 | 5.431 |
| Moneycorp - Gatwick | 1.138 | 683.758 | 1.260 | 9.739 |
| Travelex - Heathrow | 1.134 | 681.234 | 1.260 | 10.072 |
MyTravelMoney Mystery Shop data is collected in real time on September 2nd from 10:30am-11:00am
Key Findings
- Exchange rates are the key indicator to obtaining the fairest deals on travel money
- Independent research shows Airport Bureaus apply markups of over 10% away from the real interbank exchange rate
- Buying your holiday money online with home delivery is as time efficient and easy as booking a hotel online.
Co-Founder at MyTravelMoney Daniel Abrahams comments:
”If you want to get the most bang for your holiday money buck, don’t convert your hard earned holiday money last minute at the airport. £50 out of every £500 exchanged will be trousered by airport bureaus. It pays to shop around, with online travel money rates little over 1% away from the ‘real exchange rate.’ Remember: 0% commission is simply a marketing gimmick, in no way shape or form does it equate to free travel money.”
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