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Compare Travel Money with Eurochange

At eurochange, we offer great exchange rates on over 70 currencies, 365 days a year. Plus, you won't pay a penny in commission. We've put together some tips on what to look for when comparing travel money and to get the best exchange rate on your holiday money.

How exchange rates are calculated

Exchange rates are the rate at which one currency will be exchanged for another and regarded as the value of one country's currency vs another currency. Rates change daily and it is important to be aware that the rates quoted in the media are the interbank rates, known in the industry as the 'spot rate'. These rates are what the suppliers can buy the currency in at and will not be offered by any travel money suppliers. The retail rate you will see advertised by travel money providers will be lower than the spot rate as this will include the margin that the provider has applied to the currency.

At eurochange we set our exchange rates every morning in line with market rates, and we don’t adjust them throughout the day like many suppliers do. It also means that you know you'll receive a transparent and fair rate that reflects the real market price.

In short if the GBP strengthens against a currency the rate will go up and you will receive more for your money. Though if the GBP weakens the opposite will be the case.
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Watch out for commission

Foreign exchange providers are notorious for charging commission on transactions so make sure you ask first before you transact and check your receipt carefully. In fact our recent survey of travel money providers at UK airports shows that on average, you would be 28% better off when buying £100 of euros and 22% better off when selling back €100 at eurochange Hounslow, rather than at the airport. Why? Airport bureaux de change rates are much less competitive and also add on commission or a service charge. At eurochange our travel money is commission-free and at great rates!

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Avoid hidden charges on holiday money

Rather than charging commission, other suppliers simply inflate their rates, charge ‘handling fees’, ‘admin’ fees or extremely high delivery costs. We’ve seen handling fees as high as £4.75, admin fees of £1.99 for orders under £100, and home delivery costs of between £7.00 and £10.00!

At eurochange we offer great rates 365 days a year, do not charge any admin or handling fees, and our delivery cost is a very reasonable £4.99 for orders below £600 and free for orders above.

We also don't penalise customers who want to order a low value of currency such as under £100 worth - many suppliers have a minimum order value of £100 - £200, we don’t.
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Be wary of travel money comparison sites

Some comparison sites are a useful tool at giving a snap shot of foreign currency providers and their rates. Others only promote suppliers that they have a commercial relationship with, or rank suppliers by who is paying them the highest commission rather than the best exchange rate.

So be cautious when using comparison sites and remember that there are other factors you should consider too: Is the supplier you are thinking of using a reputable, established brand? Have a they got a good number of reviews and the feedback is good? Do they have conveniently located branches if you wish to collect your order, or a quick home delivery service? (Such as eurochange’s next working day delivery).

Avoid the airports

For some, purchasing at the airport is what they're used to but that little extra convenience can cost big. Our recent survey of travel money providers at UK airports showed that you'd receive on average 25% more if you'd had bought £100 worth of Euros with us instead. That amounted to an extra €24.46 which would pay for a ticket to the top of the Eiffel Tower!

Using eurochange doesn’t have to be less convenient either, with branches across the UK and next day home delivery, free on orders over £600, why purchase at the airport?
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Knowing when to buy

A common question is “When is the best time to buy by Euros/US Dollars?” etc We are afraid that there is no simple answer to this one, but why not use our free Rate Watch tool to get free daily alerts on the rate of the currency of your choice and hopefully it will make your decision on when to purchase a little easier. Setup Rate Watch
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