December 2020
Dear Members,
The Currency Club's mission has always been to reduce the cost of foreign exchange for everyone. We launched our business ten years ago with this intention, and we deliberately focused on the retail travel money sector as our starting point. We observed that for far too long individuals were paying ridiculous amounts in margins disguised by industry jargon.
We also felt the retail currency space is where we could make a bigger impact to benefit travellers. Back then, exchanging travel money was done on the high street by older brands that had zero technology focus. Our newly built platform was all about enabling individuals to save money on their currency exchange by transacting online with the added convenience of a home delivery.
As our brand grew throughout the UK, we began working with several affiliates and went on to build white labels for other companies wanting to enter the foreign exchange banknotes space.
However, our goal was never to stop at physical banknotes. As foreign exchange specialists, we wanted to enter the international payments space too, provided we could continue to offer exceptional value to our customers with the seamless efficiency that our service currently offers.
Our long-term strategy has always been to offer everyone a low cost, one stop solution to meet any foreign exchange requirement.
Covid brought about new challenges in our business environment of which the pace and scale of change are unprecedented. However, we used that time to develop in house our low cost international payments platform.
After a year and a half of solid software development and testing, I am proud to announce that our International payments platform has successfully been rolled out.
2020 has definitely been a year of innovation and reflection for us. We were given the opportunity to revisit our business model and come back to our mission. Our team got thinking about how we could do things better and we made several observations during these Covid times whilst taking on board our member's feedback.
Everyone wants certainty and transparency from the companies they use. Especially when it comes to money so we decided to change the way we do foreign exchange.
The Currency Club has evolved and undergone restructuring to improve the way we now do business with our customers. We are now offering the real exchange rateto be accessible on all transactions our customers make. As some of you may be aware, all currency pricing is from the live interbank exchange rate and to be fair to you it's important that you can compare easily with access to both.
This new level of transparent model will make it easier for our customers to know the exact cost of their foreign exchange and simplifies the process further.
We are convinced that this new business model is fairer for our members and from an ethical standpoint, we feel this is the right way to conduct our business going forward.
Our customers are at the core of all we do and they deserve clear, consistent and affordable pricing on all their foreign exchange transactions.
I and all our the Management Team hope you are happy with the changes we have made this year and we value your continued support.
Kind regards
Sam
We have made every effort to ensure that the information published here is correct and accurate, however you should check and confirm the latest exchange rates with The Currency Club directly prior to making a decision. The information published is general and does not consider your personal objectives, financial situation or particular needs. Full disclaimer available
The Currency Club's officers, employees, representatives or agents shall not be held liable for any damages or injury resulting from your access to, or inability to access this internet site, or from your reliance on any information provided on this site or any accompanying literature or documentation.
The information and material provided on this site has been collected on a best efforts basis and does not constitute an offer to sell or the solicitation of an offer to buy, any currencies or securities and must not be relied upon in connection with any investment decision.
Whilst we take reasonable care to keep the information on the website accurate and up to date, there may be occasions when this is not possible and figures, fees etc are all subject to change. All facts quoted about 'The Currency Club' on the website are in relation to group statistics and not individual subsidiaries, unless otherwise stated.
Blogs including examples or case studies are provided for your information only and are not intended to predict future moves in exchange rates.
If you are in any doubt as to the suitability of any foreign exchange product that you are intending to purchase from The Currency Club, we recommend that you seek independent financial advice first.
Telephone calls are recorded for training and quality assurance purposes.
The Currency Club makes no representations, warranties, or assurances as to the accuracy or completeness of any information derived from third party sources.
The information and material provided on this site may not be reproduced or distributed, in whole or in part, without the prior written consent of The Currency Club.
A page for us to share with you our thoughts on everything to do with with foreign exchange and much more. From new product launches and widgets to political announcements, market insights and even where to head on your next holiday look no further, you'll find it all here.
October 2020
As a new year begins and the January blues sets in, many will return to their desks attempting to tackle their backlog of emails but at the same time distracted by which destination they should escape to next..
Read More
December 2020
According to Mintel research, 43% of holidaymakers used a debit or credit card last year and this seems to be on the rise with the 30-45 year age group.
Read More
December 2020
According to Mintel research conducted earlier this year, the findings show more people are arranging their travel money online, while in-branch or in-store ....
Read More
Overview
Faq
Reviews
Back to home page