As the recession takes its toll, many Brits with second homes abroad are being forced to sell up and return home.
Mail order holiday money company, Travel FX, has earned an impressive 34th spot in the Sunday Times Fast Track 100 unveiled this weekend.
Brits are paying over £150 million a year in bank fees when transferring money abroad, according to a report published by Travelex.
Andy Scott, premier account manager at foreign currency exchange brokers HiFX, comments: "Sterling gained across the board Wednesday after the release of much better than expected GDP growth figures for the 3rd quarter which showed the economy grew at 1%.
Barclays has announced the launch of its enhanced foreign exchange (FX) iAlert tool, now optimized for smartphones and tablet devices.
British spending power in Europe increased by 35% in 2012 according to my Travel Cash prepaid MasterCard and looks set to remain strong for Brits who want to escape the autumnal weather this half-term.
Ryanair has announced a partnership with foreign exchange specialists, Moneycorp, which will allow Ryanair’s UK passengers to access currency exchange services through the Ryanair.com website, have their currency delivered straight to their door and make huge savings on their transactions.
As part of a major expansion in the scope of its pre-paid Travel Money Card Plus, Post Office Travel Money has introduced five more currency cards.
Research from Clydesdale and Yorkshire Banks has revealed a change in holiday spending habits, with foreign currency no longer dominating the nation's holiday wallets.
Andy Scott, premier account manager at foreign currency exchange brokers HiFX, comments: "The Euro had seen a strong recovery over the last few weeks following the ECB's announcement and the German court decision on the country's involvement in the European Stability Mechanism.
Are you a dinosaur when it comes to transferring money across international currencies?
Polish migrants are earning up to four times as much in the UK as they would at home, with a large proportion of the 400,000 plus UK-based Polish community sending their hard earned cash back to Poland to cover the cost of their family’s monthly rent or mortgage, a survey has found.
Sterling has gained value on seven out of the top ten currency destinations since last summer, which is great news for Brits travelling overseas this summer.
People will be able to send and receive money across international borders instantly, securely and fee free*, simply by using their mobile number for the first time using Barclays Pingit, launching in the coming days.
Tesco Bank has extended its travel money rate sale on Euros, US Dollars, Egyptian Pounds and Turkish Lira. Tesco Bank's Travel Money is available exclusively in store at a discounted rate until 25th September.
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