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!
good service easy to use
good service easy to useDuncan Cassie
Excellent service. Money delivered very quickly.Dorothy Traill
So easy to order and arrived next…
So easy to order and arrived next morning!! Brilliant rate tooMarie Byrne
All good so far
All good so far, haven't used my card yet but adding money has been so easy.Ms Susan Kirkpatrick
Really handy way to take currency off…
Really handy way to take currency off on holiday. Competitive exchange rates. Only reason it doesn't get top rating is the website for viewing card balances does not have a simple way of stepping into a top up dialogue.David
Good rates and service
Quick, efficient and friendly as always.AR
Easy service to use on line
Easy service to use on line. Currency was waiting for me at Travelex desk in the Airport. The staff were friendly and helpful. Wasn't the best exchange rate I'd seen, however it was the easiest for me at that time. Worth checking out to see if it suits.Papa H
Easy to use and very reliable.
Easy to use and very reliable.William Pearce
Ordered currency online and was very quick to collect it.Caroline
Only ordered a money card
Only ordered a money card. Experience so far so good but haven’t received or used yet so can’t really give all starsChris Abrahamson
Easy friendly experience
Easy friendly experienceStewart Davis
Excellent all round
Good website, easy to work through, reasonable exchange rate. have used them for my last 3 holidays and they have always delivered on time on the day requested and I like the good mix of denominations unlike other exchange companiesShelagh
Easyjet fails again.
I tried to use my Easyjet prepaid card and could not get on to the website for 2 days. I got cash from Travelex the next dayMaurice Clarke
I always use the Travelex postal…
I always use the Travelex postal delivery service. Free over £60 and choose the date you want them to deliver. Great!G Rendle
Always used travelex and get great…
Always used travelex and get great service. Just wish they'd not started catching for orders under £300 xxJanette
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Travelex Wire is our brand new money transfer service from Travelex directly, offering a low-cost way of sending money internationally.
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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.