European festival goers urged to secure best currency deal

As celebrities and media moguls flock to Venice, the ‘City of Water', for the Annual Venice Film Festival starting 27th August, how they will pay their way during the celebrations is unlikely to worry to them.

However, mere mortals escaping to the city would be wise to ensure they've secured the best currency deal available to help them get the most out of their Euros while enjoying the festival.

FairFX.com offers Brits the best return on their cash, and any extra Euros are sure to come in handy when stretching their spending money as far as possible - especially as the Euro remains so strong against the Pound. Indeed, festival-goers could get an extra €41.10 for every £500 they spend if they use the FairFX.com currency card instead of waiting until they hit the airport to get their spending money.

Stephen Heath, Chief Executive of FairFX.com, said: "Anyone heading to Venice for the film festival this summer should make sure they pack their FairFX.com currency card if they want to stretch their Euros as far as possible.

"Brits will be keen to get the best rate possible for any trips to Europe at the moment. The spiralling cost of living combined with the strength of the Euro against the Pound has made the traditional cheap European mini-break increasingly expensive. Indeed, for many people a last minute jaunt to the Med might be out of the question due to rising costs.

"And I would warn anyone planning to get their Euros from the airport to think again. Brits who get their currency from the usual places like the airport, high street, or using their bank's debit or credit cards overseas, may believe they are getting ‘0 per cent cost' or ‘0 per cent commission' foreign currency. However, the reality is they are paying hidden costs by way of the poor rate of exchange they receive."

Stephen added: "Even celebs should think about where they are wasting their money. An entourage of 6 staying at a top Venetian hotel could spend £10,400 on a week's stay. However, they would have an extra €855 left over if they paid for their rooms with the FairFX.com card instead of using foreign currency purchased at the airport. Even film stars might be swayed by savings like these."