Buy Currency

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

Fast well organised service

Fast well organised service. Good rates.

V Browne

Recommended by a friend

Recommended by a friend , website very easy to use . I’m just waiting for my prepaid cards to arrive now .

Louise Clark

Really easy to use and a good rate

Really easy to use and a good rate

smadailo

Very simple to order on line

Very simple to order on line and a great service

Terry Swait

prompt service

prompt service

keith dawkins

Very helpful and a really easy way to…

Very helpful and a really easy way to get currency with short notice. Would highly recommend.

V Roberts

Perfect protection with the card on…

Perfect protection with the card on holiday

Steven Ross

Very easy to load money onto card

Very easy to load money onto card when exchange rates are favourable & card is accepted wherever Visa cards are accepted

Susan Taylor

Euro Exchange & Delivery

Spot on service and good competitive rates

David Ormsby

Excellent Service

Ordered currency and it was delivered in good time two days later. Excellent service, would definitely recommend. I have been using Travelex for many years now, always very reliable.

G Muffett

Easy quick service

Easy quick service

Ae

Excellent service and fast and friendly…

Excellent service and fast and friendly staff have used before and will use again.

Redron,s review

This is my first time using travelex…

This is my first time using travelex and I was so pleased by how easy it was

Jane McPake

Excellent service

Excellent service

Rita Edmunds

Good service

Good service

Kamdi Okoye

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.