Pound achieves best rate against Euro since September 2012
16 Jul 2014
- Pound at best rate against Euro since September 2012
- Versus this time last year, Brits receive an extra €52 (£42) on every £500 exchanged
The Pound has soared to reach its best rate against the Euro since September 2012, following news that inflation has unexpectedly risen in the UK. This boost is perfect timing just as schools start to break up for summer, with many families planning to travel abroad in the coming weeks.
David Swann of Travelex comments: “The increase in the strength of the Pound provides a welcome boost for holidaymakers who are becoming increasingly savvy and looking at ways to make their budgets stretch further. Compared to this time last year, the Pound has increased nine per cent against the Euro, which means an extra €52 (£42) for every £500 exchanged.”
Holidaymakers can make the most of their budgets by locking in the exchange rate on their travel money while the Pound is performing well. For those concerned about keeping their holiday money safe, the Multi-currency Cash Passport - with its chip and PIN protection, and no connection to a bank account - is a safe alternative to carrying cash.
Travelex is the world's largest foreign exchange specialist with almost 1,500 stores and 1,250 ATMs across 28 countries, at key airport, seaport, rail and tourist locations. Over 40% of travellers - 1.7 billion passengers a year - pass through airports where Travelex operates including the major gateways at Amsterdam, Beijing, Frankfurt, Hong Kong, London, Mumbai, New York, Paris, Sydney & Tokyo. Every hour, Travelex provides foreign currency to more than 2,000 customers.