FairFX in the news: Read what everyone is saying about us

Revealed: The cheapest week of the summer holidays


It costs a lot more to go on holiday during the school summer break, but you can save £459 by choosing the cheapest, rather than most expensive, week to get away.

You can knock 21% off the cost of a summer holiday with the family by choosing the right week to get away, new figures show, without having to risk fines by pulling your children out of class in term time.

Currency firm FairFX looked at the cost of more than 700 holidays this summer to popular holiday destinations Majorca, the Algarve and Gran Canaria, to see if there was any way for families to escape the sumer holiday hikes – and found there were huge differences in price depending on when you book.

It found a family departing on the weekend of August 27 could save £459 compared with one flying out on August 6.

Read the full article here.

Tuesday 19 July 2016, 09:18am

Fury at holiday money sharks: Greedy currency firms cash in on falling pound with deals well BELOW market rate in exchange rate rip-off

Mail Online

  • Greedy currency companies are exploiting holidaymakers following Brexit
  • An investigation has found they are offering less than a euro per pound
  • MPs have criticised firms for taking advantage of the uninformed public
  • It comes after the pound fell 10 per cent against the euro after the EU vote


But in the worst cases, tourists are receiving less than a pound per euro, once they have paid commission.

On top of this firms typically charge commission fees if customers do not buy their currency online, meaning holidaymakers receive less than a euro per pound. According to online currency firm FairFX, Moneycorp was offering just 1.0002 euros per pound at Bristol Airport on Thursday when the market rate was 1.17504 euros. The firm also charges £4.99 commission on orders below £300, meaning customers receive about 95 euros from £100.


Ian Strafford-Taylor, of FairFX, said: 'Some currency providers appear to be taking advantage of the current volatility in the pound by offering extremely poor exchange rates when compared with the market rate and how they normally operate.'

Read the full article here.

Monday 11 July 2016, 10:29am

Pound to Euro exchange rate: Summer holiday blow of more than £200 as Sterling slides

Evening Standard

Millions of families are set to be hit with a summer holiday “Brexit blow” of more than £200 following the slump in the value of the pound, it was revealed today.

Sterling’s 10 per cent fall against the euro since the referendum will saddle families with a significant hike in the cost of their holidays in Spain, France, Italy, Greece and other European hotspots.

Ian Stafford-Taylor, CEO of travel money firm FairFX, said: The Brexit vote had an immediate impact on the value of the pound, with sharp drops since the result.

“Looking ahead, those holidaymakers who have yet to buy their summer holiday money should keep a very close eye on currency movements to make the most of any currency uplifts so they minimize eating into their daily holiday budget.”

Read the full article here.

Friday 08 July 2016, 09:47am