Last updated on
Source: compareholidaymoney.com
I have British Pounds
GBP
I want to buy
You Sell | Exchange rate | You Get (After fees) |
You could save | |
---|---|---|---|---|
*We capture the exchange rates being offered by airports and high street providers once a month and calculate what spread they are taking off the live interbank rate. We then compare that to what rates we are offering to calculate the savings you can make if you use us.
Last updated on
Source: compareholidaymoney.com
You sell us
You get British pounds
GBP
You Sell | Exchange rate | You Receive (After fees) |
You could save | |
---|---|---|---|---|
*We capture the exchange rates being offered by airports and high street providers once a month and calculate what spread they are taking off the live interbank rate. We then compare that to what rates we are offering to calculate the savings you can make if you use us.
Last updated on
Source: compareholidaymoney.com
You send
Recepient gets
You send | Exchange rate | Recipient receives (After fees) |
*You could save | |
---|---|---|---|---|
*We capture the exchange rates being offered by airports and high street providers once a month and calculate what spread they are taking off the live interbank rate. We then compare that to what rates we are offering to calculate the savings you can make if you use us.
*Your potential saving has been calculated using our exchange rate and the most expensive provider's rate in the market at a given point in time.
Most foreign exchange companies take a spread or margin off the interbank rate and then offer you a revised exchange rate. Without clarity over the live interbank exchange rate at the time when you want to transact, that margin can vary drastically where initially you may feel you are getting the best value, and all of a sudden, this changes significantly as they increase their margin without your knowledge. The Currency Club offers complete transparency. On every transaction, we give you the option to view the interbank or real exchange rate alongside our best exchange rate so you can see fairly how the rate is alongside the interbank market. Our transparent approach enables you to work out the overall cost when comparing and you can consistently see our fair exchange rates.
1 =
Real Exchange Rate
Travel money is the currency that helps you on your travels abroad and by getting the best exchange rates you can get the most from your money. The travel money you require will depend on the country you are travelling to. Carrying travel money is a wise decision. However, it is crucial to compare travel money from the best currency exchange platforms to make the most of your money. It will help you fetch the best deals. You can also get some of the best high street buy back currency rates with us online.
Here are some of the effective tips that will help you fetch the best value for travel money:
Check the total cost
Besides considering the exchange rate, look for the entire cost of buying the foreign currency. The best deal will be a unique mix of exchange rate and low commission along with decent value on credit card charges, handling costs, and delivery fees. Upon buying over a particular amount, you can also get a discount.
Travel money comparison
It is very important to compare travel money. In this context, check the time when the exchange platform extends the prepaid currency card or cash. In case you have to travel the very next day, you cannot wait for a week. For instance, if you have to buy euros online urgently, choose a platform that will be able to deliver the travel money on time.
Another parameter to consider is how you want to get the travel money delivered. You can choose to get it delivered to your residential address or get it from the airport.
Cross-check the advertised rate
Also, ensure that the advertised rate on the platform is still available at the time you are buying travel money. Lastly, check whether you have to bear any extra charge for using a credit card. For example, if you are looking to buy Turkish Lira, first compare the exchange rate. See if the rate that is shown is still available. Also, look for any additional charges on your credit card. This can help you get the best money exchange rate.
Know the drawbacks of comparison sites
Being too reliable on comparison sites while buying travel money might not help. There are comparison sites that will endorse certain foreign currency providers. These sites might have a relationship with particular providers. Such recommendations can be misleading and you can end up making a wrong decision.
Here are the steps that are involved when one has to get travel money:
Choose the currency: From the vast range of offers, choose the currency you need to obtain while travelling overseas. You have to mention the amount of currency you need.
Check travel money compare options: Check all the terms and conditions with extra charges. This will assist in making an informed decision.
Confirm the exchange rate: The exchange rates keep fluctuating with time. Once you settle for a provider and confirm your order, and choose an exchange rate. If you want to buy UAE Dirham, always make sure to check the best currency exchange rates before placing an order.
Payment and confirmation: You have to initiate the payment; only then currency will be dispatched. You will get the dispatch notification and tracking details over email.
Delivery of the travel money: Finally you will receive the travel money at the provided address.
Different currency exchange platforms have different offerings. So, it is important to consider the following factors and make an informed choice.
Look beyond the overall cost: You should also focus on the commission fees and delivery charges besides considering the best currency exchange rates.
Pay with a debit card: Avoid using credit cards as it will attract certain charges. Also, choose to shop around beforehand.
Check some essential travel money tips before you set on your next vacation:
1. Know the amount of cash you will need
Taking a lot of cash might not be a wise choice. Also, you can face a financial crunch if you are not carrying sufficient cash. The cash amount must be a little more than what you actually need.
2. Avoid carrying multiple large notes
You can come across scenarios where having notes of large denominations might be disadvantageous for you. Cabs, small shops, and even some retailers are not likely to accept large notes.
3. Do not use credit cards to get travel money
Buying any foreign currency with a credit card will attract daily interest. Also, you may incur additional fees.
It is also recommended to not rely exclusively on plastic money when you're abroad. Further, you must be aware of the best exchange rates to make the most of your trip. Head onto The Currency club for the best possible rates.
Yes, you can order travel money online. Multiple currency exchange platforms extend this provision. Then, you have the money delivered to your address.
There are certain currencies of countries that cannot be bought or changed due to local restrictions. In such cases, either you can change your GBP or other currencies in that country. You can also withdraw cash in the currency of the country.
The minimum fund that is allowed to take in and out varies from one country to another. Before travelling to a country, gather all the information about it as you might have to show it as proof of financial stability.
To get the best online currency exchange, you have to conduct currency exchange comparisons across different currency exchange service providers. Check for the associated charges as well.