M&S Travel Money prepares for big summer getaway

With many state schools in England breaking-up for the summer this week, this weekend (24th July) will be when many families head off on holiday.

M&S Travel Money has geared up for its typical annual increase in foreign currency sales of over 60% during the peak holiday season.  More than half of all currency orders will be for euros, as Brits head for family holidays in Europe.

M&S Travel Money research shows that 69% of people buy foreign currency before travelling, to pay for goods and services overseas.  Almost nine out of 10 people (89%) claim getting good value on their foreign currency is vitally important to them.

However, two-thirds (66%) of people mistakenly believe that by purchasing their travel money on the high street they can expect to get the same rate in whatever branch they visit across the country. This, however, is not the case; many providers alter their rates geographically, so many families could be gambling on getting best value this summer.

James Yerkess, M&S Head of Travel Money, said: ‘It's always a good idea to buy travel money before you travel and make the best of competitive exchange rates on the high street.  Families heading abroad this weekend still have time to get their currency before the big getaway.

‘Families should be aware that some travel money providers alter their rates geographically. M&S treats customers fairly by offering the same rate up and down the UK, in shops, online and by phone.'

Customers who spend £250 or more on Travel Money at M&S will receive a £5 voucher to use when spending £35 or more on M&S Clothing or Homeware. The offer has been extended to 25 July 2010.

Marks & Spencer Travel Money is available online at marksandspencer.com/travelmoney.