Foreign Exchange
City workers lose out when it comes to FX rates
Over 80% of city workers are missing out on some of the best buy FX rates because they stick to getting local currency in cash when they go on holiday, according to research from the Ukash Travel Money Prepaid MasterCard.
France and Spain remain firm favourites for Brits buying abroad
France and Spain remain firm favourites for those looking to buy a place in the sun, according to the latest Property Hotpots Report from HiFX.
The currency conundrum: How to make the most of the strengthening pound
As the pound continues to strengthen against the Euro and the US Dollar, British holidaymakers heading abroad are struggling to know when’s the best time to buy their currency.
New Cash Passport prepaid card for young travellers
Access Prepaid Worldwide, a MasterCard subsidiary, has launched its new Young Traveller Cash Passport prepaid card.
Brits flock further afield to take advantage of strong pound
The strongest pound since 2008 will see Brits flocking to far-flung holidays to countries such as Mexico, Thailand and Morocco, as the increasing trend of holidays away from Europe and North America continues, according to analysis by currency exchange specialists, ChangeGroup.co.uk.
Sun, sea and summer saviour for young travellers
The AA is encouraging young holidaymakers to keep their spending money safe as research from AA Financial Services reveals that more than half of 18-24 year olds (60%) who are going away intend to take all of their cash in local currency – the most likely age group to do so.
Sainsbury’s Travel Money hosts longest ever, two month, rate sale
With summer well and truly here, Sainsbury’s Bank is launching its longest ever rate sale, lasting for two months.
Play your cards right on holiday to beat charges
Holidaymakers planning on using their plastic abroad can see the extra charges mount up if they are not careful, banking expert David Black of Consumer Intelligence warns.
Plan ahead to be a World Cup winner
Football fans jetting off to Brazil should assess their travel money and insurance options, advises MoneySuperMarket.
Brits waste over £100 million in unused loose change after a holiday
British holiday makers waste over £100 million by not reusing their loose change once they return from an international trip, according to Caxton FX.
Strong pound sees half term holiday bargains
The cost of a half-term holiday has risen by less than 1.5 per cent since last year in all ten popular family holiday destinations, according to research by M&S Bank. The average price increase is just 0.4 per cent, largely as a result of the strong performance of the pound against the euro.
Ou ét la cash point?
A language barrier can make for some tricky situations when holidaying abroad.
Planning to go abroad this Easter? Make sure you don’t pay over the odds
As many holidaymakers get ready to jet off on their Easter holidays this year, Mark Bodega, director at HiFX gives his top tips to avoid paying over the odds:
From one dollar to a cargo ship
Although it is usual for HSBC’s personal account customers to use foreign exchange transfer services to send money home, pay education fees or fund overseas property, they have used the service to buy items including a cargo ship and a wine cellar (without the wine).
M&S Bank launches exclusive travel money rates for card holders
M&S Bank has introduced exclusive card holder rates across all currencies purchased from M&S Travel Money.