Currency Exchange
Quotezone are here to help! Currency exchange comparison made that little bit easier! In order to help you with your decision, we have listed a number of partners below who specialise in currency exchange and travel money.
Compare Currency Exchange
Are you travelling abroad soon and looking for great currency exchange rates? Quotezone have put together a list of currency exchange providers to help you find a cheap exchange rate. Currency rates change frequently and it could be beneficial to shop around to find the best deal.
Best exchange rate
Cheap exchange rates can be hard to find, that’s why we have set up a list of providers so you can compare currency exchange rates online. Usually the exchange rate will go up or down depending on the demand for it. Increased business activity or rising interest rates in a country can be contributing factors to a change in the exchange rate.
Some providers will charge a commission on travel money, you might want to shop around so you can find the best currency rates online with little or no commission charge. You might find that there is little difference between the exchange rates of some providers. Depending on the amount you are wanting to convert this little difference could soon add up.
How does currency exchange work?
- Decide on which currency you need – The most commonly traded currencies are the USD and Euro followed by the Japanese Yen and British Pound.
- Decide the amount – Enter the total amount of pound sterling you wish to exchange for the currency of your choice.
- Compare your options – Check you are being charged the best amount for exchanging your pounds before committing.
- Get your travel money – Choose the right time for your travel money to be sent to you.
The pros and cons of exchanging currencies
Taking out travel money can offer many benefits to your travels, as it allows for you to get local currency acceptance, avoidance of overseas card transaction fees, and also helps maintain your budget more accurately.
The downside of taking out foreign currency however is that it can also raise your risk of theft. Travel insurance will typically cover you for up to £200-£500 worth in exchanged currency. Additionally, more retailers are now accepting card payments which means that taking out travel money is no longer necessary for travel. However you will be charged for an overseas transaction by using your bank card overseas.
How to get cheap currency exchange
Getting cheaper prices on your currency exchange is best done by first considering what the overall cost of the exchange will be when you factor in commission and delivery charges on top of the current exchange rate between the two currencies. You should also plan in advance so have the maximum amount of time to compare deals and get the best currency exchange options for you. Here at Quotezone, we can help you find providers with competitive rates so you can get the most out of your travel money.