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Buying Business Travel

...In a separate move, Portman Travel has agreed an expanded partnership with Fair FX which will see the foreign exchange specialist provide an expense and travel cost platform for the TMC’s clients and travellers. Fair FX also has a web-based system that allows clients to issue staff with pre-paid Mastercards, which can be managed online.

Adrian Parkes, Portman’s chief commercial officer, said: “Our partnership with Fair FX has become stronger over the years, driven by clients’ demands for greater choice in expense management. This is an ideal addition to our extensive product offering, giving clients a true end-to-end travel management offering.”

Read the full article here.

Wednesday 29 July 2015, 11:04am

Aol

Planning a cut-price summer holiday? Have you considered these ten destinations?

If you're willing to take a bit of a risk with your summer holiday, then there are some astonishingly good deals available on holidays to Greece at the moment. Unfortunately, if you want to cash in, you have to brave the risk of cash shortages, strikes and potential business closures. The good news is that you don't have to take this kind of risk to get a great deal this summer.

The experts at Fair FX have compiled a list of the top ten places where your money will go further than this time last year - and they have only included those places where you don't have to spend more than five hours on the plane getting there.

Read the full article here.

Friday 17 July 2015, 09:07am

Daily Mirror

The news from Greece hasn't been good recently, but where can you go instead? We take a look at the places that are getting cheaper.

Looking at prices compared with last year, and only including short-haul destinations, currency specialist FairFX worked out that Russia was the place to go for value – with your pounds buying an astonishing 50% more roubles than this time last year.

After Russia Norway (19% better value), Turkey (13% better value) and Poland (13% better) were the next best value.

Read the full article here.

Friday 17 July 2015, 09:03am

City AM

Thinking of retiring abroad? New pension freedoms mean Britons can (theoretically) transfer larger amounts of cash abroad than ever before - but what does that mean for those in the market for a home somewhere balmier?

New research by foreign currency and international transfer currency Fairfx suggests those looking to move abroad should look to New Zealand, where Britons can get 19 per cent more for their money than they could a year ago.

Next on the list is Turkey - the pound is 17 per cent stronger than it was a year ago - while in Australia, sterling will stretch 13 per cent further than it did a year ago.

But it seems UK residents keen to move abroad tend to look closer to home: the research suggested Britons tend to send cash to Eurozone countries to buy property - with a third of all transfers made to those countries aimed at paying for property.

The most popular countries to buy homes in were Spain, France, Ireland, Italy and Portugal.

"For those UK pensioners faced with low interest rates on savings accounts, buying a second home overseas may make financial sense," said Darren Kilner, a currency expert at Fairfx.

"In Europe, you'll get 13 per cent more for your money, so for example as mortgage of €200,000 a year ago would have cost £160,230 when the pound traded at €1.2482. At the exchange rate on 1 July 2015 at €1.4063 this property would cost you £142,217, meaning a saving of £18,013 on your property simply for being savvy when it comes to currency rates."

Maybe avoid Greece for now, though...

Read the full article here.

Friday 10 July 2015, 12:01pm

Daily Record

SCOTS holidaymakers are growing more concerned about their trips to the country - here are some answers to key questions to make sure they’re not left high and dry.

...

Should I take cash to Greece?

Yes. The question is: “How much?”

FAIRFX currency expert Darren Kilner said: “Having up to £250 in cash for emergencies or day-to-day spending is reasonable under normal circumstances, but it might be wise to increase this and use a daily cash budget while Greece finds stability and the ATM situation is resolved.

“ATM withdrawal limits are still in place – even though it is said not to apply to foreign bank cards – and many ATMs are said to be empty or shut.”

Official advice is to take enough cash to cover your entire holiday, but there are risks to this. Carrying large sums of cash puts you at greater risk from thieves and many insurance policies won’t cover it if it’s lost.

Kilner added: “Having travel insurance is a no-brainer but check the small print to see how much cash you are covered for if it gets lost or stolen. Savvy travellers will make use of their hotel safe or deposit box to store extra cash.”

Read the full article here.

Wednesday 08 July 2015, 09:06am

RadioTimes

Check the small print when you buy a pre-paid currency card for your holidays, says Paul Lewis.

They’re the modern replacement for traveller’s cheques. As good as cash – and safer. These are just a couple of claims about using pre-paid cards in euros or dollars for your spending money when you go abroad.

Read the full article here.

Tuesday 07 July 2015, 03:04pm

Mirror

New figures show holidays are costing more than £200 more than we expect - and that means millions are coming home in debt. How you can save while abroad...

We spoke to Darren Kilner, currency expert at FairFX, for some more tips on managing your money when abroad:

  • Plan ahead. If you leave sorting out your money until you get to the airport you will be severely out of pocket. Exchange rates can be around 10% higher at airports than elsewhere and will cut your spending money by over £100 for every £1,000 you change. Regional airports can be much worse and you could pay an argument-inducing £165 per £1,000 more than you need to.

  • When on holiday, beware the double exchange rate dupe. If you let the seller - in a shop or a restaurant - convert the price back into pounds they will choose their own exchange rate, and generally it will be a poor one meaning you lose money unnecessarily.

  • Taking debit or credit cards away on your trip is a good back up, but be careful to rely on them for all your transactions. You’ll be stung for a whole host of fees including transactions fees, and exchange rates can be poor.

Read the full article here.

Tuesday 07 July 2015, 02:59pm

Mirror

Will Greece leave the euro, do your cards still work, how much cash should you take?
Everything you need to know if you're travelling to Greece.

...

Should I take cash to Greece?

Yes. The question is how much.

"Having up to £250 in cash for emergencies or day-to-day spending is a reasonable amount under normal circumstances, but it might be wise to increase this and have a daily cash budget available whilst Greece finds stability and the ATM situation is resolved," said Darren Kilner, currency expert at FairFX.

"ATM withdrawal limits are still in place, even though it is said not to apply to foreign bank cards, and many ATM's are said to be empty or shut."

Official advice to take enough cash to cover your entire holiday, but there are risks to this too. Especially as carrying large volumes of cash puts you at greater risks from thieves and many insurance policies won't cover it if it's lost for whatever reason.

"Having travel insurance is a no-brainer but be sure to check the small print to see how much cash you are covered for in case it gets lost or stolen," Kilner said.

"Savvy travellers will make use of their hotel safe or deposit box to store extra cash, but if it is lost or stolen many travel insurance companies will only cover you for up to £250.

"If you’re planning to take all of your holiday spending money in cash, it’s vital you check the small print of your travel insurance policy before you go so you know what is covered so you don’t get a nasty shock when you have to make that dreaded claim."

...

Read the full article here.

Tuesday 07 July 2015, 11:17am

Aol

The pound has gained up to 16% against four of the five top holiday currencies

You could be set for a holiday of indulgence and luxury, because new research has revealed that over the past year, the pound has strengthened against four of the five most popular holiday currencies: so this year you'll get more for your money on holiday.

...

And, of course if you want to take full advantage of the gains the pound has made against these currencies, you need to shop around for the best rate possible. Ian Hughes, Chief Executive of Consumer Intelligence said: "We need to shop around for travel money just as much as we do for car insurance or mortgages or we will lose out. People think that the price of a Euro is fixed, it isn't different people sell it for different prices."

His research found the top five best exchange rates available for £500 of euros were Moneycorp, FairFX, Ramsdens, Tomas Cook and Asda.

Read the full article here.

Wednesday 01 July 2015, 09:22am

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