In order to get the best deal on your travel money you want to look for the highest number of Euros per Pound, for example, the €1.2 exchange rate will give you €1.2 for each GBP you exchange.
Are there limits on how many Euros you can buy?
Each foreign exchange provider has different rules regarding the maximum amount of money you can exchange in a single transaction. Most providers have a £2500 limit. The highest maximum transfer of currency that we know about is £15,000. Equally, there is a lower limit on the number of pounds you can exchange for Euros. Most providers have a lower limit of £10; this means you must transfer at least £10 for Euros.
Can I avoid delivery charges when ordering travel money online?
Most providers charge to deliver currency to your house. If you do not want to pay this charge, you can select a currency exchange provider that has a branch nearby to you and collect your currency in person.
Can you order currency in notes and coins?
If you visit a branch in person, it is possible to get notes and coins. Euros are available in cent coins denomination 1, 5, 10 and 50. Euro coins 1 Euro and 2 Euro. Euro notes 5, 10, 20, 50, 100, 200 and 500. It is not possible to order coins online you will have to order Euro notes.
How can I get the best exchange rate when transferring GBP into EUR?
It is best to compare all foreign exchange providers and analyse which provider has the best exchange rate from GBP to EUR.
Should I order my currency in advance or should I buy my Euros just before I travel?
Currency fluctuates, and it is not possible to predict the exchange rate precisely at the time you will take your trip. It is best to order your money with plenty of time before you leave on your journey.
Which is better ordering currency online or on the High Street?
Online sites are much better than ordering your currency in a shop on the High Street. If possible, you should always look for the best rate, online, for your travel money. You should probably not exchange your money at the airport as this is where the worst rates are.
Can I buy foreign currency with my credit card?
Yes, it is possible to order Euros using your credit card, but it is expensive. You will incur two different sets of charges one from your credit card company and another from the travel money provider.
What is exchange rate commission?
A commission is a charge which the travel money provider will issue in the event of changing your Pounds into Euros. Unfortunately, it is not avoidable.
What happens if my foreign exchange travel money provider goes bust?
Your money is not safe. You will lose it. You should always buy from a trusted, well-known company that will send you your currency as soon as you have paid for it.