As the world’s leading provider of foreign exchange, we are committed to ensuring travellers get the best value currency.
We encourage anyone purchasing travel money to shop around and compare foreign currency rates for a great deal on your foreign currency and with the Travelex.co.uk Price Promise if you find a cheaper overall price, we'll refund the difference*.
Here are our top tips to make sure you get the best value every time you compare travel money online:
It's important to look at the total cost of purchasing your currency, not just the exchange rate. If you want to get the best deal for spending overseas, it involves a combination of the best exchange rate, lowest commission, handling costs and delivery fees. Remember, you may also be entitled to a discount for purchasing over a certain amount. Whichever provider gives you the most foreign currency for your Pounds after all the extras is the one to use. Don't forget: Travelex.co.uk is committed to offering you a great price on your foreign currency in the UK with our online Price Promise because if you do find a cheaper overall price, we will refund the difference.
Whilst we recommend travellers shop around, remember to consider the following factors to ensure a like for like travel money comparison:
When you’ll get your cash or prepaid currency card. If you are travelling the next day you don’t want to wait 10 working days for delivery of a card.
How you will receive your currency. Would it be more convenient to have your travel money delivered to your home or to collect it from the airport before you travel?
Is the rate advertised on the comparison site actually available – for example some providers only give the promoted rate if you order 14 days or more in advance. Some sites even use out of date exchange rates.
The majority of comparison sites only promote currency providers with whom they have a commercial relationship. This can lead to confusing and conflicting results if you use a number of comparison sites when comparing your travel money.
Some travel money comparison sites are actually managed or owned by foreign currency providers themselves meaning they only provide selected rates and information to promote their own offerings in a positive light which is great for them but not for you! This could even mean presenting data in a biased way by using unfair and inaccurate competitor comparisons such as comparing online exchange rates from one provider to in-store rates from another.
One of the only travel money comparison sites that currently provides impartial, accurate and up to date exchange rates across a broad range of currencies is travelmoneymax.com – part of Martin Lewis’s Money Saving Expert site.
However, if you decide to use the travel money max application remember to set the filters for delivery or collection to your requirement so you can be sure of a like for like comparison. And bear in mind the advice above, as some providers attempt to cheat the system and get to the top of the list by providing impressive rates that aren’t actually available.
At travelex.co.uk we continually monitor the market and our competitors. This means we frequently adjust our rates – at least once a day.
Customers often ask "When is the best time to buy currency?" The short answer is that there’s no way of knowing. Our advice is to plan ahead and use our Travel Rate Tracker.
Finally, why not sign up to our newsletter so you receive details of our promotions and special currency happy hours or follow us on twitter.
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