FairFX Publicity > Sterling Related Posts
As we're only a matter of weeks away from Brits starting to go off on their summer holidays, it seems that the press is turning its credit crunch focus onto how much travel money you can get for your pound sterling.
Firstly, and article by published by the Guardian on Sunday advised on how to be flash without the cash when you're on holiday by using a prepaid card when you're on holiday. Read the full article here.
Yesterday the Telegraph published an interesting article which highlighted money saving tips for gap year students. One of the tips included using the FairFX travel money card. Read the full article here.
Today the Daily Mail highlighted that if you obtained your travel money from the airport, you might end up having up to £300 less spending money for the average family summer holiday compared with using a FairFX card. Read the full article here.
Wednesday 27 May 2009, 04:08pm
Four great articles which mention FairFX have been published over the last couple of days.
Firstly the Telegraph started off by featuring the five ways to get the best deal on your holiday money. They confirmed that the best prepaid card for foreign travel is the FairFX travel money card.
Next it was the turn of financeMarkets.co.uk to advise 'Beware the myth of 'commission free' exchange rates' before TravelDailyNews.com discussed 'The myth Of "0% commission" holiday money'.
Finally, despite Auto-Europe.co.uk advising its readers on how to avoid currency cons they still confirmed that thousands of Brits would still headed for the airport as soon as the schools closed for Easter to soak up some sun in a European resort.
Wednesday 08 April 2009, 03:17pm
Four major UK newspapers are seeking to expose the 0% travel money myth to ensure that holidaymakers get as much foreign currency for their money as possible in 2009.
Stories in the Mail, the Guardian, the Observer and the Times have highlighted that 37% of travellers thought that meant they were getting their foreign currency for free when they were told it was "0% commission".
The Mail started off by announcing that the OFT asked to probe claims travellers are being 'conned by currency charges'. Soon after, the Guardian continued by saying that firms are being accused of giving misleading headlines to mask poor exchange rates. The 0% focus continued with the Observer saying that the falling value of the pound means getting a good deal on currency exchange is ever more important before the Times discussed the '0% deals' which are often anything but.
FairFX.com Chief Executive Stephen Heath concluded: "People think they are paying '0% commission', but that couldn't be further from the truth."
Monday 06 April 2009, 05:09pm
Currency cards are now starting to make serious inroads into more conventional forms of travel money.
After last week’s article in the Evening Standard which confirmed that FairFX.com took on nearly 60 per cent more card customers in January month than December, ThisIsMoney, the online publication from the Daily Mail have highlighted that currency cards do not carry a foreign currency exchange rate fee, an extra levy of approximately 2.75% compared with the average credit or debit card.
The ThisISMoney article goes on to say that debt and credit cards may also have a similar till charge when paying in shops and restaurants, but there is no such charge with a currency exchange card.
Click here to read the article in full.
Monday 02 March 2009, 12:29pm
As the pound continues to fight back against the Euro and US Dollar, foreign currency exchnage news websites are relying on FairFX to provide up-to-date information on currency fluctuations.
On Friday, the London Stock Exchange published an article showing that the pound has crawled back over 12% of its value from the euro since December’s low of €1.02. Click here to read the full article.
Monday 09 February 2009, 11:45am
A comprehensive article about prepaid cards in Money Magpie has highlighted Opodo's great deal with FairFX to give people a FREE FairFX Card. (Subject to initial load of at least €10 or $20)
To quote the article, they say: "The FairFX Mastercard is a really good deal. Although there is a purchase fee, the only other fee they charge is a cash withdrawal fee which is very reasonable.
They also add: "Although the cards only come in US dollars or euros, you can use them anywhere in the world and you will not be charged foreign exchange commission. They also have business exchange rates which means you get more foreign currency for your pound.
"We've just found out that customers who buy the FairFX card through Opodo) can get it for free with a minimum load value of €10 / $20."
Click here to apply for your FREE FairFX Currency card today.
Wednesday 28 January 2009, 05:12pm
In an article published in the most recent Sunday Times, Stephen Heath, CEO at FairFX.com has warned that currency markets remained volatile.
He said: “Until things settle, Brits should try to buy their currency in small increments to try to protect their wallets from rate fluctuations.”
Tuesday 27 January 2009, 10:37am
Stephen Heath, chief executive of FairFX.com, said in the FTAdviser.com on Friday: "When measured against a basket of currencies Sterling has collapsed by approximately a quarter, more than any previous devaluation in the past century.
"The escalation in the banking crisis and news that we have officially entered recession has led to investors dumping sterling in favour of more secure assets and the pound falling to its lowest rate against the dollar in almost a quarter of a century."
Monday 26 January 2009, 05:13pm
An interesting article was published in the Times on Thursday which highlighted the fact that although many Britons were “seriously considering” leaving the country to avoid the economic slowdown, many expat Brits are also struggling.
It also be argued that this is one of the worst times to leave Britain, as in 2000 the UK pound sterling was worth around €1.70, with the rate today being closer to €1.10.
Instead, Brits are being advised to consider maximising their present assets by ensuring that they maximise the value of their sterling if they do intend to travel.
Stephen Heath, Chief Executive of FairFX was quoted as saying: “Many UK high street banks offer poor exchange rates - anything up to 1 per cent more than the wholesale cost. It is vital that anyone who intends to make money transfers overseas shops around to obtain the best exchange rate.”
Monday 19 January 2009, 05:44pm
An excellent article in the Times has warned travellers to be aware of banks, bureaux de change and the Post Office increasing their profit margins on foreign currency exchange.
The story, which features research conducted by FairFX tells that the Post Office, where nearly a third of travellers obtain their euros and US dollars, has almost doubled its margin in the past three months from around 2.9% to 5.6%.
It also shows that on Wednesday, the cost of €1,000 using the Nationwide credit or debit card was £934 — £12 more than it would have been with FairFX.
Click here to read the article in full.
Monday 12 January 2009, 03:16pm
Latest 'Sterling' Posts
27 May 2009, 04:08pm
08 April 2009, 03:17pm
06 April 2009, 05:09pm
02 March 2009, 12:29pm
09 February 2009, 11:45am
28 January 2009, 05:12pm
27 January 2009, 10:37am
26 January 2009, 05:13pm
19 January 2009, 05:44pm
12 January 2009, 03:16pm
Monthly 'Sterling' Archives
2009
May (1 entry)
April (2 entries)
March (1 entry)
Febuary (1 entry)
January (9 entries)
2008
December (5 entries)
