Foreign Exchange - Currency Exchange

With the pound suffering its worst fall against the dollar since 1971 last week, currency investors took advantage by trading heavily in GBP/USD: Barclays Stockbrokers saw 70 per cent of all trades in this currency pair over the 11 days that the pound was falling.

UK customers can take advantage of the strengthening of the Dollar relative to Sterling by opening a Cater Allen Private Bank Account in Dollars. Cater Allen allows customers to hold currency accounts in Euros, Dollars or Sterling - with a minimum balance of just £5000, €10000 or $10000.

As the popularity of destinations outside the Eurozone grows among British tourists, Turkey has emerged as a holiday hotspot for 2008.

A Bolton mum-of-four is celebrating after winning one million M&S loyalty points worth £10,000 to spend in store.

A new card that helps customers budget their holiday spending and reduces risk of fraud has been launched by Tesco Personal Finance.

Whether they are at the top of the Eiffel Tower or in the middle of the American Rockies Brits can now stay in control of their holiday finances anywhere they can use their mobile phone.

With only ten days to go until the start of the Olympic Games, foreign currency expert M&S Money has seen a 25% increase in sales of Chinese currency as British sports fans prepare to cheer on Team GB in Beijing.

During July the Post Office has seen a 44% increase in sales of Chinese Yuan compared to the same period last year.

Stuffing money in your pants - a trick that has long been popular with revellers during nights out on the town - is also being used by travellers according to a new survey by the recently launched Tesco Travel Money Card.

Today (15th July 2008) is expected to be one of the most popular shopping days of the summer as parents prepare for the family holiday getaway.

The Great British summer get away is looking in danger. Credit crunched families planning to escape to sunnier climes will have to battle high inflation, the spiralling cost of living, a weak Pound against the Euro, and extortionate airport currency exchange rates - all before they even step foot on the plane.

Holidaymakers who leave it till the last minute to sort out their foreign currency could find it is a costly mistake.

Half of the people heading overseas for holidays are making expensive last-minute dashes for cash rather than using cheaper, safer and more convenient options.

Anyone heading to America, ‘land of opportunity', to celebrate Independence Day would be wise to ensure they've secured the best currency deal available to help their celebrations go with a bang.

FairFX.com is offering moneysupermarket.com website visitors the opportunity to apply for a free FairFX.com currency card - normally costing £9.95 for a three year membership.

World First is the first currency broker to offer foreign exchange options for the purpose of hedging foreign currency exposures, an absolutely invaluable service at this time of economic uncertainty.

British holidaymakers are likely to withdraw over £7 billion from foreign cash machines this year, but doing so could cost them as much as £284 million in fees, according to MoneyExpert.com.

Holidaymakers who think that they are being saved from a foreign exchange fee if they pay in pounds while abroad could be in for a shock.

UK holidaymakers can now get commission-free foreign currency from new specially designed cash machines at selected Post Office branches.

People going abroad this year can now pick up their holiday money at the same time as their summer reads. Shoppers dashing around the high street for last minute holiday bits and pieces will be able to use 50 new Post Office bureau de change kiosks at selected branches of WHSmith.

Currency specialists HiFX has announced the launch of its Travel Money Online service, offering competitive rates, zero commission and free next day delivery on foreign currency and travellers cheques up to £2,000.

M&S Travel Money will be in the spotlight from this week, with a major new advertising campaign, starring Myleene Klass, airing for the first time on Wednesday 4th June.

Almost 9.5 million UK adults heading abroad for the summer sun will throw money away by waiting until they get to the airport or even their destination, before arranging their foreign exchange, according to Sainsbury's Travel Money, provided in conjunction with Travelex.