Posted by Allison on 6 October 2009, 10:49
Where do you go to change your UK money up into the currency you need for that holiday or weekend trip away? Do you head down to your local post office? Do you do it at your travel agent? Is there somewhere else locally that you always head to when another currency is needed? You might even be among the large number of people who leave it all until the last minute and rely on the currency converter rates they get at the airport before they catch their flight.
No matter which of the above sources you use, you could be getting a much better deal on your money. There is one source that hasn’t been mentioned above which apparently offers very good rates at all times – and that is the internet.
One article in the Birmingham Post recently revealed that while currency conversions are readily and easily available online, many people don’t think to go there to arrange this part of their holiday. And yet it could save you a lot of money. Read the article in full by visiting this link.
We all know the pound has been struggling to hold onto its value over the past year or so. This makes it even more important to ensure that you get as much foreign currency as you can for the pounds you want to exchange. If you are taking several hundred pounds or even a thousand pounds on holiday with you, you can see that even the slightest difference in the exchange rate could make a huge difference to the final sum you will pay to get your money.
The other good thing about online currency exchange services is that they often give you additional useful services as well. For example, it is quite easy to hop online, order your currency and stipulate that you will pick it up from the collection desk at the airport you are travelling out from. This means you don’t have to worry about a large amount of money being delivered to your home, or even going out to collect it from a local pick up point such as a travel agent or post office.
This clearly has benefits for a lot of people, but online currency orders are still not the favoured way for people to get hold of their holiday currency. It should also be remembered that it is easy to compare different outlets and sources of foreign cash online, thanks to the power of the search engines. It takes just seconds to compare rates from different providers, so you can find and enjoy the best deals online within minutes. If you get used to the idea of searching online rather than just going out and comparing the exchange rates in the windows of the local travel agents, you will find a much better deal awaits you in the end.
Perhaps eventually we will all be ordering and collecting our holiday currency in this way. But it looks to be a slow process to make that transition between the traditional ways of ordering currency to doing it online. Some will automatically think about getting their foreign currency in this way – but for others the process will take much longer indeed.