How much travel money you need to take depends on your plans. If the letter codes are the other way around, it shows how many pounds it costs to buy €1. For example, if you see GBP/EUR 1.18 it means it takes €1.18 to buy £1. The pair shows how much of the second currency you need to spend to buy one unit of the first currency. This means you have to sign for the package.Ĭash orders that exceed £2,500 will be sent in batches because that's the maximum value that can be insured for each delivery.Įxchange rates are usually presented in pairs, such as "GBP/EUR" for pound-to-euro or "GBP/USD" for pound to US dollar. When you buy your currency online, it's normally sent via Royal Mail's Special Delivery service. Are there restrictions on getting currency delivered? These are called closed currencies and you won't see them listed on travel money exchange sites. There are some currencies that can only be withdrawn when you're in the country you're travelling to. So if the pound-to-euro exchange rate is 1.15, you would need to pay £443.78 to get €500, as opposed to £450 to get €517.5. It's standard practice to order a round number of the destination currency so that it can be issued in notes alone. You can usually buy up to £7,500 worth of foreign currency with the best online holiday money brokers. But the total you're allowed to exchange depends on the travel money provider. Yes, you can buy most currencies online, including euros and dollars. The simplest way to do this it to see how much of a foreign currency £100 will buy you.Ī £2 commission and a 1.25 pound-dollar rate will see you get $122.50 for £100 spent.Ī zero-commission deal but a 1.2 rate will only get you $120 for your £100. This is why you need to compare the complete deal rather than just opting for a zero-fee travel money deal. Many companies advertise 0% commission to exchange money online or on the high street, but, instead of charging commission, they offer a less competitive exchange rate. Commission refers to the service fee that a currency exchange broker charges for exchanging your money. Can you get commission-free travel currency? You might get different rates from different providers on different days. Remember, exchange rates are constantly changing. You can find out more about travel money, best rates and other costs here. Special offers: Look out for travel money deals – time things right and you could get a higher exchange rate or free deliveryĬomparing offers in this way should allow you to find the best travel money exchange rate online before you go on holiday. Compare currency rates to make sure you get the best dealĭelivery charges: It's best to arrange your currency exchange online, but you need to keep an eye on the cost of having your holiday money delivered to your home High exchange rates: The higher the ratio, the more spending money you'll get for your holiday.
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