FairFX Publicity > Luton Related Posts
According to a recent interview with FairFX Chief Executive Stephen Heath, people who buy foreign currency at airports could pay up to 14% more than travellers who buy theirs in advance.
The interview which was published on JournalLive.co.uk also revealed that some airports are more costly than others, with Birmingham, Luton and Stansted coming out as the most expensive.
Click here to read the article in full.
Tuesday 27 October 2009, 10:10am
This week the Bank of England has highlighted that overseas investors may choose to reassess their willingness or ability to purchase sterling assets and thereby finance the UK trade deficit.
This has led them to conclude that "As a result, the long-run sustainable real sterling exchange rate... may have fallen."
Currency markets reacted suddenly to this statement. According to an article in the Express, the Post Office have been offering just 1.03 euros to the pound, Gatwick airport just 1.02 euros to the pound and Birmingham and Luton airports a poultry 98 cents and 99 cents respectively to the pound.
Here at FairFX our rates have also been dragged down – but not nearly as much. Today we’re offering 1.10 euros to the pound.
So in conclusion euro rates have fallen a little over the past couple of days – but they’ve also rebounded a little. Just be aware that at times when currencies fluctuate that some companies will feel that they can get away with giving consumers a worse deal. Keep your eye on the rate when you’re ordering currency at the moment.
Wednesday 23 September 2009, 01:00pm
A great article published by Citywire today discussed why people should avoid airports like the plague when changing their holiday money.
Our chief executive Stephen Heath said: "Already hard-up Brits are being fleeced when it comes to getting their foreign cash from the airport. Holidaymakers flying from Liverpool, Leeds, City, Bristol or Birmingham airports could be paying well over the odds for their spending money as these airports are the most expensive UK departure points for buying foreign currency at the moment.
Talking about how much consumers could save he said: "They would be able to get seven to 11 per cent more for their pound using a FairFX.com card compared with waiting and buying their foreign cash at the airport."
Wednesday 16 July 2008, 09:08am
An article published in the Times today said that that Luton, Newcastle and Liverpool airports are some of the worst places for holidaymakers to take out foreign currency.
Stephen Heath, our chief executive said: "Most providers rely on the fact holidaymakers will be in a complete rush when preparing for a trip abroad, and fail to organise currency before they get to the airport.”
Tuesday 20 May 2008, 12:05pm
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