Buy currency online, expert advises

Date: 19/03/2009 13:37

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Holidaymakers trying to cut the cost of a holiday could find that buying their currency online helps them get more for their cash.

Chief executive of currency website FairFX.com Stephen Heath said that, as when buying travel insurance or flights, people are moving away from traditional methods of purchase.

The firm said that online currency vendors are seeing strong sales as people move away from getting their holiday cash at the airport.

Figures from FairFX.com suggest that those flying from Heathrow who choose to buy their currency at the airport could find themselves paying over the odds.

According to the website, people will get €0.9831 to £1 when they exchange their cash.

Not checking exchange charges could leave Brits out of pocket in more than one way, as any extra cost incurred could mean that other holiday essentials such as travel insurance are scrimped on.

Travel insurance from InsureandGo covers Brits taking a break to any destination, all for a low cost.
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