Save 8.75% buying online vs. the airport

Save 8.75% buying online vs. the airport Mystery Shop

£600 worth of €urosExchange RateAmount of €Mid Market XE rate% Margin applied by provider
TravelFX - Online1.1777706.621.19171.17
Moneycorp - Online1.1695701.701.19171.86
Travelex - Online1.1651699.061.19172.23
Natwest - High Street1.1412684.721.19174.24
Barclays - High Street1.1208672.481.19175.95
Travelex - Heathrow Airport1.0749644.941.19179.80
Moneycorp - Gatwick Airport1.0735644.101.19179.92

Key Findings

  • British Holidaymakers can save up to €62.52 on every £600 worth of holiday money purchased online
  • Our research shows that Airport Bureaus apply margins of up to 9.92% on the ‘true mid-market exchange rate’
  • 0% commission should usually be ignored as high mark-ups are added instead
  • When buying travel money, the exchange rate is the key indicator to obtaining the best value on your chosen currency
  • desk research finds that buying online is substantially cheaper than buying at the airports
  • High Street Banks will add high mark-ups as they do not specialise in foreign currency exchange

Data collated is true to live recordings of rates between 10.00am-10.30am, 17th September 2013

Written by Sofia Kluge on Google+


Leave a reply

Your email address will not be published. Required fields are marked *


You may use these HTML tags and attributes: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <cite> <code> <del datetime=""> <em> <i> <q cite=""> <s> <strike> <strong>