Our travel money site is designed to tell you about great rates on foreign currency exchange, no matter how you plan to pay abroad. Our best buys table, travel money saving tips and guides outline all of your travel money options from foreign currency to travellers cheques, as well as debit, credit and prepaid cards for overseas use.

Travel Money Guide - Foreign Exchange Commission and Fees – MoneySuperMarket UK

If you are travelling abroad, you probably need to take some cash in the local currency to fund day-to-day expenses such as taxi fares and snacks. You can buy foreign currency from a bank, building society, travel agent, bureau de change, even the supermarket or the Post Office, so how do you make sure you get the best deal?

First, have a look at the different exchange rates on offer as some firms offer better value than others.

Travel Money: The best foreign exchange rates - Money Saving Expert

But you might get euros from an online foreign exchange specialist. Exchange rates depend on a number of factors, including economic conditions and the level of demand. The foreign exchange company also has to consider its own costs — and profits — when setting its exchange rates. Companies often charge a commission to exchange sterling into a foreign currency. The commission might be a percentage of the transaction or a flat fee, but it should always be included in your cost comparisons.

In other words, you need to find the company that offers the best exchange rate at the lowest cost. A number of firms advertise commission-free exchange, which can be appealing to the cost-conscious traveller. A company that offers commission-free exchange might not give such a good deal on the exchange rate. You could therefore end up with fewer euros or dollars in your pocket. More companies these days are happy to arrange a foreign currency exchange over the foreign currency exchange moneysupermarket.

Online services are convenient, but check out the delivery times and costs. Some firms can arrange next day delivery of the currency, but there might be a delivery charge. So be sure to explore all the options. Remember not to take too much cash abroad as it can easily be lost or stolen. There will also be a cash limit on what you can claim on your travel insurance policy, which means you will be covered only up to a certain amount.

You might not expect to return from your trip with any leftover currency, but you never know. The exchange rate will also be different, so currency forex n trade tips it can pay to shop around.

Travel Money | TravelSupermarket

Look out, too, for any sales or promotions of foreign currency, particularly during the holiday season. And if you buy from your supermarket, you might be able to earn loyalty points for the transaction. We think a good travel money provider should provide free delivery on all amounts plus multiple options for ordering and delivery.

We prioritise the companies that include these features, so they appear higher in our list. You can find out more about how we work here.

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Great for Nectar card holders get a discount and can collect Nectar points when purchasing foreign currency Order online before 2pm or on the phone before 2. Order online or by phone and collect from one of over Travel Money Bureaux instore. Great for Competitive exchange rates on over 20 currencies. No hidden fees, get the rate you see Delivered next working day to your home - for orders received before 1pm on a working day.

Travel Money | TravelSupermarket

Great for Competitive exchange rate, next day delivery or collection. Economic factors Exchange rates depend on a number of factors, including economic conditions and the level of demand. Currency commission Companies often charge a commission to exchange sterling into a foreign currency. Commission-free exchange A number of firms advertise commission-free exchange, which can be appealing to the cost-conscious traveller. Delivery charges More companies these days are happy to arrange a foreign currency exchange over the internet.

Insurance limits Remember not to take too much cash abroad as it can easily be lost or stolen. Leftover currency You might not expect to return from your trip with any leftover currency, but you never know.

Loyalty points Look out, too, for any sales or promotions of foreign currency, particularly during the holiday season. Close Cookie use We use cookies to give you the best experience.