Today’s exchange rates
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.
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Read our great reviews on Trustpilot!
I have used Travelex a number of times…
I have used Travelex a number of times now and have never encountered any problems and always thought that the exchange rate that I received was good.Mr Sturge
As always excellent service
As always excellent serviceDEREK
Very convenient to use when flying out…
Very convenient to use when flying out of Heathrow.Nigel
NOT easy to add Heathrow rewards...
All good but for Heathrow travellers, collecting rewards is now far too difficult. You’re told at the desk you need to do it online when pre-ordering but this is NOT possible on the Travelex website. Then if you contest, saying there is no way to add your rewards number, the counter assistant makes a call, gets talked through how to add your number and the job is done. Takes far too long! Let us put the rewards number in online or bring back the option for the counter assistant to simply swipe the rerward card at the desk! Or else the incentive to use Travelex is no more...Keith Hotston
Ordered the Taiwanese dollars Wednesday…
Ordered the Taiwanese dollars Wednesday and they arrived Thursday. Great stuff.Clive Smith
Keeping FX simple
Simple, secure and reasonable exchange ratesDave
Fast, reliable and good rate in today's financial climateAnne Woollard
Money came very quickly will defo use…
Money came very quickly will defo use again.marjorie campbell
:-) ............Rich Williams
Decent rates, able to Collect within a few hours. Can't complain.Cunty McCuntface
Excellent. Second time i have ordered money using Travelex. Excellent exchange rate in comparison to other sites. Easy to order and delivered super fast.Annalee
Simplicity itself to order our currency…
Simplicity itself to order our currency for our holiday next year (while exchange rate is good). We will always use Travelex for our currency.Helen Page
This is the second time I have used my…
This is the second time I have used my Travelex Card with 2 currencies and it so simple and easy to top up card online and buying cash in person at airport. Will definitely use again! :DShona Gillies
Works brilliant, using it since years for my journeys to Europe and had no problemsS.
Easy to order and pick up.Matthew Pink
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.
*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.