Save On Your Holiday Money! Airport Bureaus Mark Up Rates Over 10%!

Save On Your Holiday Money! Airport Bureaus Mark Up Rates Over 10%! Mystery Shop

£600 worth of €urosExchange RateAmount of €Mid Market Rate% Margin applied by provider
Travel FX - Online1.233740.7931.2481.194
Icici Bank - Online1.229738.7491.2481.467
Moneycorp - Online1.227
M & S - High Street1.202722.5221.2483.631
Lloyds High Street1.184
Moneycorp - Gatwick1.128677.7481.2489.603
Travelex - Heathrow1.123674.6831.24810.012


Key Findings

  • When purchasing your holiday money, make sure that the rate you are transferring at is as close to the mid market rate as possible.
  • Airport bureaus are the worst place to buy money, many can take over 10% of your money!
  • Buying holiday money through an online broker ultimately gets you the best deal, with markups as little as 1.1%
  • Many banks today still take over 6% when exchanging currency, this is an outrageous amount that is easy to avoid
  • Travel money mystery shop data was collected between 12:45 and 1:00 on 24 June 2014.


Inbound Marketing Manager of MyTravelMoney  Or Hillel comments:

“Once again airports seem to be the most expensive place to buy holiday money! Our research has found that some of these bureaus are taking 10% of your holiday money. This 10% isn’t just pocket change; it is REAL money that can go far, especially when on holiday! Make sure to begin buying your holiday money online for the best rates at only around 1.1%”


For press enquiries or comment: [email protected]

Aviva Tabachnik is Partnerships Executive at - 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Your email address will not be published.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>