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Currency exchange rates

View today’s foreign currency exchange rates below and sign up to our newsletter to stay up-to-date on the latest currency news, happy hours and offers.

Today’s exchange rates

We monitor market rates every day, to bring you great value on your travel money.

Whether you’re looking to convert your pounds to dollars, euros or any other currency, simply choose the currency you need below to see our rates of the day.

Today’s exchange rates

Read our great reviews on Trustpilot!


Getting cash this way

Getting cash this way, especially if you need £600 or more, is very easy and reliable. That amount or more means free delivery.

Jeff Williams

Very pleasant service

Very pleasant service, nothing a problem as I had even turned up 24 hours early for my currency. Ok I booked it a day later than I should. Thanks.

Graham Peters

Consistently high service

As always the service experience is superb. It’s the element of your holiday arrangements you don’t have to worry about.

Brendan O'Connor

Simple web site

Simple web site , rates ok , fast delivery

Brian

Very useful but charged for cash withdrawal in US

Easy to order card online, arrived on time. Liked that I could order cash at the same time. Decent exchange rate, not the top in the market, but acceptable. Found it useful to budget for travel. The only issue I had was that I was charged for withdrawing cash in both US and Mexico (approx $3 for each withdrawal of cash), even though I tried different ATMs and each seem to have a master card logo on it. I was disappointed as I was told cash withdrawal was free.

Xxxx

1146

Easy and pain free and can always buy extra at the same favourable rate too

Sharon Horswell

The lady who served me was a fantastic…

The lady who served me was a fantastic help and went above and beyond to help a stressed passenger!

Ross Marriott

Very pleased

Very pleased, delivered next day, a better exchange rate than all the local banks & travel agents I would have preferred smaller bills but still not a problem I will definitely use this company again

david parkins

Excellent Service

Great service,on time and no problems.Will use in the future as it’s so easy.

Leslie Hill

Seemless transaction

Seemless transaction. Friendly staff at collection counter.

and Deliver To Mongoose44

Worked fine second time

Worked fine second time. First time I tried to order it said there was an unspecified error. Apart from that the order was simple to make.

Daniel

Still the best way to preorder foreign spending money at Heathrow

Excellent value as ever and you can upgrade your order at the landside pick up desk at the same online rate as the advance order. Definitely the best way to obtain foreign currency for smaller cash amounts. The staff were very friendly in the Terminal 5 counter in sector H as well

Christopher Wilson

Efficient and always excellent…

Efficient and always excellent service.! Best rates always.! Easy to deal with.!

david

Some confusion over my order for…

Some confusion over my order for currency at the desk at Heathrow airport. Sorted quite quickly. Would have been 5stars otherwise.

Paul Ashton

Had a problem initially with website…

Had a problem initially with website that it wouldn't let us enter card number which was a little frustrating

Cherith Haythornthwaite

Travelex is rated 4 stars by Trustpilot based on over 36207 reviews

Travelex Wire: Low cost money transfer from the experts

Travelex Wire is our brand new money transfer service from Travelex directly, offering a low-cost way of sending money internationally.

With Travelex Wire, simply set up your money transfer online, with fees from as little as £3^.

Find out more

How to calculate exchange rates

Exchange rates are influenced by banks and trading institutions and the volume of currency they are buying and selling at any given time. Currencies are traded (bought and sold) daily around the world.

One currency can be purchased by another currency through banking institutions or on the open market. The volumes of currencies traded are increased and decreased depending on the attractiveness of any particular currency, which depends on a multitude of factors such as political stability, economic strength, government debt and fiscal policy among others.

Government central banks also have the ability to set a currency at a constant price through a method called pegging, which essentially tethers the value of one currency to another. The value (or price) of a currency is determined by its traded volume. If a currency is competitively priced, traders will buy the currency, essentially driving up its value. If a currency is not competitively priced, traders may avoid buying, or even sell it, essentially driving down its value.

How to read exchange rates - currency jargon explained

Foreign exchange can be confusing, so to help break through the confusion, here are some common terms associated with currency:

  • Buy rate This is the rate at which we buy foreign currency back from you into your local currency. For example, if you were returning from America, we would exchange your US dollars back into British pounds at the buy rate of the day.
  • Commission – This is a common fee that foreign exchange providers charge for exchanging one currency with another.
  • Cross rate – This is the rate we give to customers who want to exchange currencies that do not involve the local currency. For example, if you want to exchange Australian dollars into US dollars.
  • Currency Pair - This the the relationship between two country's currencies. It is often denoted like this: GBP/USD, EUR/JAP, AUD/INR
  • Holiday money rate or tourist rate – This is another term for a sell rate. 
  • Sell rate This is the rate at which we sell foreign currency in exchange for local currency. For example, if you were heading to Europe, you would exchange British pounds for euros at the sell rate.
  • Spot rate This is known more formally as the ‘interbank’ rate. It is the rate banks or large financial institutions charge each other when trading significant amounts of foreign currency. In the business, this is sometimes referred to as a ‘spot rate
  • Spread – This is the difference between the buy and sell rates offered by a foreign exchange provider such as us. 

Exchange Rates FAQ's

Why do currency exchange rates fluctuate?

Currencies constantly move up and down against each other as financial markets change. These movements can be caused by supply and demand, as well as by political and economic events.

Why are tourist money exchange rates not the same as the market spot rate?

The market (or spot) exchange rate, is the rate at which banks exchange currencies. There are a lot of processes and people involved in providing currency into your hands. There is a cost to doing this, which means that the value of the currency is affected to cover all of said cost. 

At Travelex, we work to provide you with the best value on your foreign currency as possible. We are constantly striving to improve our systems and processes to make them more efficient, meaning that you get the best value for your travel money exchange rates from us.

Find out more on spot rates and tourist rates here.

Does it pay to shop around and compare rates?

There are a lot of foreign currency providers in the UK, offering you a range of products and services. With so much choice, it means that you can spend time to find the best exchange rate in the market. However, there is usually very little difference; it can be just a matter of pence. 

Need some extra help with your currency?


Currency converter

See how much your mojito, poncho, or dinner in Paris will cost you in British pounds by using our simple currency converter.

Convert currency

Travel rate tracker

Not sure if it’s the right time to buy your currency? Let us do the hard work by monitoring the rates for you! We'll email you when your chosen currency hits the rate you need.

Track rates

*We compared the average cost of sending money abroad from the UK with Travelex Wire – in euros or US dollars across a range of values – against the average costs of sending equivalent sums abroad using the online services of leading money transfer providers in the UK. The price data used for the purpose of this analysis was obtained via online research between 1st June 2017 and 30th June 2017. Find out more here.