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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Easy to order
Easy to order, good rates and quick, hassle-free deliveryDAVID HENNESSEY
This is how we always collect our money…
This is how we always collect our money now. We normally miss the deadline for sainsburys/post office etc for ordering currencies, and it's far easier to turn up and collect when we have our passports to hand than making a specific trip, at a certain time in the last minute rushing around getting things ready.Michael Dunn
Friendly and easy pick up
Easy pick up. Friendly service and will definitely use again.CAROL
smooth service, very easy & hassle freeSimon Davies
Easy to order on-line with a good…
Easy to order on-line with a good exchange rate. Convenient pick up at the airport.Quantum
Fast and easy service
Fast and easy service. Have used them before and will use them again.Richard Gardiner
Quick and easy :-)
Quick and easy :-)Patrick Anthony
Quick efficient service.
Quick efficient service.David Orchard
Always an excellent service
Always an excellent serviceJ Clark
Hassle free holiday cash
Hassle free holiday cash - just collect in the airport before you board. I've done it twice now, and will keep using this easy access process - It's one less worry to clutter your holiday experience ;-)MRS NICKI PENNINGTON
Absolutely useful and value for money
Absolutely useful and value for moneyPK
Always pre order my currency with…
Always pre order my currency with Travelex and collect at the airport. Never had any issues and always get a decent rate if pre bookedLaura McTague
Excellent website, easy to use. Competitive rates. Friendly staff. Always order our currency to be picked up from the airport and it's always been a positive experience.LShoz
Was great and so easy using this card I highly recommend having one to use abroad we could use it to pay everywhere we visited. Safer than using money as if you lose the card it gets replaced and you get all your money back that you had loaded onto it.Toni Walker
Travel money was ready & waiting for me at the airport.
Ordered my travel money midweek and it was ready and waiting for me at the airport, great easy efficient system, will definitely use again and I got a very reasonable exchange rate.Linda Parkes
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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.