Most Popular
1. Banking Crisis is Stocks Bull Market Buying Opportunity - Nadeem_Walayat
2.The Crypto Signal for the Precious Metals Market - P_Radomski_CFA
3. One Possible Outcome to a New World Order - Raymond_Matison
4.Nvidia Blow Off Top - Flying High like the Phoenix too Close to the Sun - Nadeem_Walayat
5. Apple AAPL Stock Trend and Earnings Analysis - Nadeem_Walayat
6.AI, Stocks, and Gold Stocks – Connected After All - P_Radomski_CFA
7.Stock Market CHEAT SHEET - - Nadeem_Walayat
8.US Debt Ceiling Crisis Smoke and Mirrors Circus - Nadeem_Walayat
9.Silver Price May Explode - Avi_Gilburt
10.More US Banks Could Collapse -- A Lot More- EWI
Last 7 days
Stock Market Volatility (VIX) - 25th Mar 24
Stock Market Investor Sentiment - 25th Mar 24
The Federal Reserve Didn't Do Anything But It Had Plenty to Say - 25th Mar 24
Stock Market Breadth - 24th Mar 24
Stock Market Margin Debt Indicator - 24th Mar 24
It’s Easy to Scream Stocks Bubble! - 24th Mar 24
Stocks: What to Make of All This Insider Selling- 24th Mar 24
Money Supply Continues To Fall, Economy Worsens – Investors Don’t Care - 24th Mar 24
Get an Edge in the Crypto Market with Order Flow - 24th Mar 24
US Presidential Election Cycle and Recessions - 18th Mar 24
US Recession Already Happened in 2022! - 18th Mar 24
AI can now remember everything you say - 18th Mar 24
Bitcoin Crypto Mania 2024 - MicroStrategy MSTR Blow off Top! - 14th Mar 24
Bitcoin Gravy Train Trend Forecast 2024 - 11th Mar 24
Gold and the Long-Term Inflation Cycle - 11th Mar 24
Fed’s Next Intertest Rate Move might not align with popular consensus - 11th Mar 24
Two Reasons The Fed Manipulates Interest Rates - 11th Mar 24
US Dollar Trend 2024 - 9th Mar 2024
The Bond Trade and Interest Rates - 9th Mar 2024
Investors Don’t Believe the Gold Rally, Still Prefer General Stocks - 9th Mar 2024
Paper Gold Vs. Real Gold: It's Important to Know the Difference - 9th Mar 2024
Stocks: What This "Record Extreme" Indicator May Be Signaling - 9th Mar 2024
My 3 Favorite Trade Setups - Elliott Wave Course - 9th Mar 2024
Bitcoin Crypto Bubble Mania! - 4th Mar 2024
US Interest Rates - When WIll the Fed Pivot - 1st Mar 2024
S&P Stock Market Real Earnings Yield - 29th Feb 2024
US Unemployment is a Fake Statistic - 29th Feb 2024
U.S. financial market’s “Weimar phase” impact to your fiat and digital assets - 29th Feb 2024
What a Breakdown in Silver Mining Stocks! What an Opportunity! - 29th Feb 2024
Why AI will Soon become SA - Synthetic Intelligence - The Machine Learning Megatrend - 29th Feb 2024
Keep Calm and Carry on Buying Quantum AI Tech Stocks - 19th Feb 24

Market Oracle FREE Newsletter

How to Protect your Wealth by Investing in AI Tech Stocks

How to Avoid Getting Ripped off When Exchanging Your Holiday Foreign Currency Money

ConsumerWatch / UK Banking Jul 31, 2007 - 08:37 PM GMT

By: MoneyFacts

ConsumerWatch

Lisa Taylor from Moneyfacts.co.uk – the money search engine investigates: “With the children’s summer holidays well underway and the UK weather showing little sign of improvement, many of us will be jetting off overseas in the next few weeks. With so many things to get ready, like shopping for your new bikini, sun tan cream and flip flops, no doubt these will all take preference to shopping for the best deal on your foreign money.


“This year travelers will find an abundance of commission free currency deals, with only a handful of branch and telephone services now charging an up front commission fee. This is great news, as travelers will avoid paying these fees, which previously ranged between two and three percent of the order. However this now makes the exchange rate the key factor in determining the best deal. It is something that is not easily searchable without trawling individual providers’ website's or, even more time-consuming, making phone calls or visits to the branch.

“Moneyfacts.co.uk latest travel money mystery shop takes a look at the online rates available at some of largest travel money providers. The tables illustrate the total sterling equivalent you would need to pay for either €1,000 or US $1,000.

“By choosing carefully from the providers listed below, savings of over £20 can be made. And of course the more money you take, the larger the saving can be.

“Moneyfacts.co.uk – top five tips to getting the best deal on your foreign money:
1. Look beyond your own bank or travel agent and take the time to shop around at least a few providers
2. Don’t leave it to the last minute: purchasing at the airport will normally include a premium for the convenience
3. Watch out for delivery charges – these can be as much as £5.50 in some cases
4. Many providers will still charge a commission fee for sterling travelers cheque's, which typically ranges between 1% and 1.5%. So check out the commission rates too.
5. If you pay with your credit card you will be charged a cash handling fee, which will more than wipe out any savings made by getting the best exchange rate
30.7.07

1000 EURO

1000 US DOLLARS

www.moneyfacts.co.uk - The Money Search Engine

Money Facts Archive

© 2005-2022 http://www.MarketOracle.co.uk - The Market Oracle is a FREE Daily Financial Markets Analysis & Forecasting online publication.


Post Comment

Only logged in users are allowed to post comments. Register/ Log in