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Tesco Bank exchange rates

Today's latest Tesco Bank travel money exchange rates, updated one minute ago at 5:35pm

Tesco Bank have 48 currencies in stock and ready to order now. Buy online and get your currency delivered securely to your door, or collect your order from one of over 500 Tesco Bank travel money stores across the UK. Tesco Clubcard holders get enhanced rates that are better than the standard rates advertised in-store.

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Tesco Bank travel money rates

These are the latest Tesco Bank exchange rates available right now. You must buy or reserve your currency online to guarantee these rates or you may be given a lower rate in-store.

Compare Tesco Bank's exchange rates

We compare hundreds of exchange rates from dozens of currency suppliers across the UK. Select a currency below to see how Tesco Bank's rates compare against other providers. Bear in mind that exchange rates aren't the only important factor when it comes to getting the best deal; commission, card surcharges and delivery costs can all affect the final amount of currency you'll receive. You can see the full range of currency deals on offer right now on our travel money comparisons .

Tesco Bank have a minimum order value of £75 for in-store collection and £75 for home delivery. The maximum amount you can order is £2,500 for collection and £2,500 for delivery. Delivery is free for orders over £500, otherwise a £4.99 delivery charge will apply.

Latest Tesco Bank reviews

Our users have rated Tesco Bank Average in 228 reviews. Read more on our Tesco Bank reviews page.

After checking online, we’ve Just got a much lower rate on the Euro in store. It wasn’t explained to us that you have to order online to get that rate (even with a club card). Very poor customer service. Won’t be using again!!

Read the full review

Good rate when buying euros but the buy back rate is robbery 1.335.to change euros back to sterling must be the lowest exchange rate going.

Well I ordered some euros on there web site, unfortunately the time it stated they were open was incorrect as I had to wait half hour until someone eventually turned up. Not there fault just poor management!! Then the problems really started, as th [...]

The euro rate at Tesco Bank right now is 1.1379. You'll need to buy or reserve your euros online to guarantee this rate; the euro rate offered in your local store may be lower if you don't order online beforehand.

Yes, if you're a Tesco Clubcard holder you'll get Clubcard Prices on your travel money which means the exchange rate will be better than the standard rate advertised in-store. You can also use your Clubcard when you buy or reserve your currency online; just enter your Clubcard number when you place your order and the enhanced Clubcard exchange rate will be applied to your order automatically.

Tesco's exchange rates tend to be slightly above average in terms of competitiveness, and their currency deals are comparable to other major UK supermarkets including Sainsbury's , and ASDA . Many customers who buy their travel money with Tesco do so because of Tesco's brand name and convenient locations, rather than how competitive their exchange rates are. That being said, Tesco offer tiered exchange rates on some currencies which improve with increasing order amount (the more you order, the better the rate), and Clubcard holders can get enhanced rates that are better than Tesco's standard rates which can make their currency deals more attractive compared to other supermarkets.

However, if you want the absolute best exchange rate on the market, better currency deals are usually available from other suppliers, especially if you order online. Check out our travel money comparisons to find the best currency deals available right now.

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With Clubcard Prices on our Travel Products, you could get holiday ready, for less.

Clubcard Prices on Travel Insurance

Clubcard members buying direct get a 10% discount.

• Just enter your Clubcard number when you get your quote Just enter your Clubcard number when you get your quote
• Discount doesn’t apply to Later Life cover or add-ons Discount doesn’t apply to Later Life cover or add-ons

Tesco Bank Travel Insurance is arranged and administered by Rock Insurance Services Limited and underwritten by Inter Partner Assistance S.A.

Clubcard Prices on Travel Money

Get better exchange rates on currency as a Clubcard member.

• Clubcard Prices are available on the sell rate for all currencies in stock online and in-store Clubcard Prices are available on the sell rate for all currencies in stock online and in-store
• The Clubcard price will be better than the standard rate advertised online or at your chosen bureau on the date of purchase. The Clubcard price will be better than the standard rate advertised online or at your chosen bureau on the date of purchase.
• Just enter a valid Clubcard number online or show it before you buy in-store Just enter a valid Clubcard number online or show it before you buy in-store
• Exchange rates may vary when purchasing online, in-store or over the phone Exchange rates may vary when purchasing online, in-store or over the phone
• Exchange rates may also vary throughout the day Exchange rates may also vary throughout the day See additional T&Cs

Tesco Travel Money ordered in-store is provided by Travelex Agency Services Limited. Tesco Travel Money ordered online or by telephone is provided by Travelex Currency Services Limited.

Find a Store to get your Travel Money

To find your nearest Travel Money Bureau, simply pop your postcode in below.

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Clubcard Prices apply to foreign currency notes in stock on your date of purchase and pre-paid foreign currency cards.

Not available in-store in conjunction with any other Tesco Travel Money offer.

Due to constant market and currency fluctuations, rates on the date of purchase cannot be compared to another day’s rate.

The actual rate you receive may vary depending on market fluctuations.

Clubcard data is captured by Travelex on behalf of Tesco Bank. Check out the Tesco Bank privacy policy to find out more.

Tesco Bank Travel Money Review: Is It Safe? How Does It Work? What Are the Rates?

François Briod

Co-Founder of Monito and money transfer expert, François has been helping Monito’s users navigate the jungle of money transfer fees, bad exchange rates and tricks for the last ten years.

Links on this page, including products and brands featured on ‘Sponsored’ content, may earn us an affiliate commission. This does not affect the opinions and recommendations of our editors.

Is Tesco Travel Money the best option for sending money abroad? Compare your options to make sure you get the best exchange rate and lowest fees for your transfer.

What Monito Likes About Tesco Travel Money

• Wide availability across the U.K.
• A range of currency exchange services
• Tesco Bank Travel Money services are safe, secure and regulated

What Monito Dislikes About Tesco Travel Money

• Exchange rates can be considerably more expensive than the base exchange rate or exchange rates from other providers
• Local bureau de change rates can be more expensive still and you can only get these rates by visiting a Tesco bureau de change

Compare Tesco To Cheaper Travel Money Cards Now

Read our in-depth guide for the best travel cards in the UK, such as Revolut , that can reduce or eliminate foreign transaction fees, ATM fees, and expensive currency conversion fees.

Our Independent Review of Tesco Bank Travel Money

Tesco Bank Travel Money is a currency exchange provider that offers foreign currency services. As part of the largest supermarket chain in the U.K., Tesco Bank is very widely available with over 360 in-store money exchange locations and pre-order money collection from over 550 Tesco stores. They have minimum order amounts of £50 and maximum order amounts of £2,500. You can exchange money for more than 120 currencies. 

Tesco travel money is provided through a partnership with Travelex .

Tesco Bank Click and Collect for Foreign Currency

You can choose to order foreign currency online through your Tesco bank account. You can then have the money delivered directly to your home address or to a Tesco store. If you order euros or U.S. dollars before 2 PM, you can pick them up the next day from most Tesco Travel Money locations.  Other currencies can take up to five days. You can also order any currency for the next weekday delivery to most Tesco customer service desks.

You can choose a collection date for picking up your money and you’ll need to bring a valid photo ID—either a passport, or a full UK photographic driving license. You’ll also need to bring the card that you used to place the order. 

Tesco Bank Currency Exchange at Local Bureaux de Change

Tesco Bank also provides immediate money exchange at  360 in-store locations across the U.K. Many of these locations are open seven days a week with same-day collections on many popular currencies. 

Tesco Bank Home Delivery for Travel Money

If you order foreign currency before 2 PM from Monday to Thursday, you can get next day home delivery to most homes in the U.K. Orders of £500 or more and there’s a £3.95 delivery charge for orders under that amount. You will need to have someone available to sign for the delivery. 

Tesco Bank Prepaid Currency Card

Tesco Bank offers a “Cash Passport” travel card. You can load up to seven currencies on the card including euros, U.S. dollars, U.K. pounds, South African rands, Australian dollars, Canadian dollars and New Zealand dollars. Tesco Bank does not charge a commission on foreign purchases, although there is a 2% fee if you use the card in the U.K. The travel money card is only available at a Tesco Bank location. 

Tesco Bank International Money Transfer

Tesco Bank allows you to send money to an international account so you can make a payment or deposit money with family or friends. Tesco Bank has a partnership with MoneyGram . This means you can send money to over 200 countries around the world. MoneyGram can’t be used for business transactions. 

You can send money through the MoneyGram app or by paying with a debit card or cash at a Tesco Bank location. Beneficiaries can get money deposited into their bank account, transferred to a mobile wallet or they can pick it up in cash at a MoneyGram agent location. Money transfers can take anything from a few minutes to a couple of working days. 

You can also collect 50 Tesco Clubcard points every time you send £50 or more.

No Card Fees Charged by Tesco Bank

Whether you buy online or in-store, Tesco Bank does not charge any card processing fees, although you may be charged by your card provider.

Tesco Bank Price Guarantee

Tesco Bank provides a price match guarantee on local bureau de change orders. This does not apply to online orders. Here’s what Tesco Bank says about its price guarantee:

“If you find a better exchange rate advertised by another provider within three miles of your chosen Tesco Travel Money Bureau, on the same day, we'll match it.

Price Match only applies in store on a like-for-like basis on sell transactions and does not apply to any exchange rate advertised online or by phone. This is not available in conjunction with any other offer. We reserve the right to verify the rate you have found and the three-mile distance (using an appropriate route planning tool).”

Tesco Travel Money Fees & Exchange Rates

In most cases, Tesco Bank makes its money on the difference between the “base,” interbank* exchange rate and the exchange rate that they charge to you. However, some services such as international money transfers do incur additional fees. 

*The interbank rate is also known as the mid-market or standard exchange rate, which is the midpoint between the buying and the selling prices of the two currencies.

Click and Collect Fees

There is no additional fee for Click and Collect orders, although if you cancel a Click and Collect order less than 24 hours before your collection date you will be charged a £10 late cancellation fee.

Tesco Bank Travel Money Money Card Fees

• Tesco Bank does not charge a commission on foreign purchases, although there is a 2% fee if you use the card in the U.K.
• There is a fee for ATM withdrawals as follows: GB £1.50, EU €1.75, US $2.30, AU $2.30, CA $2.40, NZ $3.00, ZA R20. Some cash machine operators charge an extra fee
• There may be other fees associated with the travel money card, you can get details of these fees from a Tesco Bank location

Tesco Bank Travel Money Money Card Limits

Tesco Bank locations will have details on any limits applicable to your travel money card. 

Overseas Money Transfer Fees

Tesco Bank has a partnership with MoneyGram and they do charge a fee for sending money directly to some countries. Typically, the fee charged by MoneyGram is £3.99.

About Fees Levied by Banks

Certain fees may be levied by banks when you are transferring money to another account. These fees are outside the control of Tesco Bank Travel Money. Circumstances, where banks may charge additional fees, include:

• Wire transfers into or out of sender or beneficiary accounts
• Transfers that are sent via SWIFT or certain other banking protocols
• Beneficiary banks charge a fee to receive a transfer
• Intermediary banks charge fees to process money in transit

These fees could mean that the beneficiary receives less money than stated by Tesco Bank Travel Money due to circumstances beyond Tesco Bank Travel Money’s control. If you want to understand what these extra fees are likely to be, please contact your bank and the beneficiary's bank.

Tesco Bank Travel Money Exchange Rates for Online Travel Money

Tesco does offer better exchange rates the more you order. You can start to access these better exchange rates when you buy £800 or more of foreign currency.

Tesco Bank Travel Money makes most of its money on the difference between the exchange rate they offer to customers and the base exchange rate. For example, the base rate to convert U.K pounds into euros is 1.146 euros per pound. Tesco Bank Travel Money offers an exchange rate of 1.125 euros per pound, a difference of 2%. That means if you’re exchanging 1,000 pounds into euros, you’ll pay an exchange rate fee of around £20.

Here are some other examples:

Exchanging 1,000 U.K. Pounds Into Australian Dollars

• Base exchange rate, 1,000 GBP converts to 1,862 AUD
• Tesco Bank Travel Money online exchange rate, 1,000 GBP converts to 1,819 AUD
• The Tesco Bank Travel Money exchange rate is 2.3% more expensive, or around 23 GBP in exchange rate fees

Exchanging 1,000 U.K. Pounds Into Danish Krone

• Base exchange rate, 1,000 GBP converts to 8,560 DKK
• Tesco Bank Travel Money exchange rate, 1,000 GBP converts to 8,107 DKK
• The Tesco Bank Travel Money exchange rate is 5.2% more expensive, or around 52 GBP in exchange rate fees

Exchanging 1,000 U.K. Pounds Into U.S. Dollars

• Base exchange rate, 1,000 GBP converts to 1,265 USD
• Tesco Bank Travel Money exchange rate, 1,000 GBP converts to 1,244 USD
• The Tesco Bank Travel Money exchange rate is 1.7% more expensive, or around 17 GBP in exchange rate fees

If you’re purchasing currency online or you want to transfer money to an overseas account, you can get much better deals by comparing specialist currency exchange providers . Several money exchange services have overall fees of 1% or lower, even when taking into account differences in exchange rates. 

All of the Tesco Bank Travel Money exchange rates quoted in this section are based on their online rates for converting money for home delivery or store pickup. Local bureau de change rates may vary and are likely to be more expensive than what we quote here. All rates correct as of early October 2019.

Tesco Bank Travel Money Exchange Rates for International Money Transfers

Here are the rates Tesco Bank charges for sending money to foreign bank accounts through MoneyGram.

Sending 500 U.K. Pounds to a Euro Account

• Base exchange rate, 500 GBP converts to 573 EUR
• Tesco Bank Travel Money exchange rate, 500 GBP converts to 550 EUR
• The Tesco Bank Travel Money exchange rate is 4% more expensive, or around 20 GBP in exchange rate fees

Sending 1,000 U.K. Pounds to a South African Rand Account

• Base exchange rate, 500 GBP converts to 9,343 ZAR
• Tesco Bank Travel Money exchange rate, 500 GBP converts to 8,551 ZAR
• The Tesco Bank Travel Money exchange rate is 8.5% more expensive, or around 43 GBP in exchange rate fees

Sending 1,000 U.K. Pounds to a New Zealand Dollar Account

• Base exchange rate, 500 GBP converts to 999 NZD
• Tesco Bank Travel Money exchange rate, 500 GBP converts to 937 NZD
• The Tesco Bank Travel Money exchange rate is 6.3% more expensive, or around 31 GBP in exchange rate fees

Note that you will need to pay a Tesco Bank Travel Money international money transfer fee, typically £3.99, to send money to a foreign account. 

All of the Tesco Bank Travel Money / MoneyGram exchange rates quoted in this section are based on their online rates for sending money to an overseas bank account. All rates correct as of early October 2019.

Comparing Tesco Bank Travel Money Rates To Other Providers

You can easily compare many money transfer services directly using our comparison tool . There are several new services that it’s worth comparing directly to Tesco Bank Travel Money.

Specialist Currency Providers for Other Destinations

You may also be able to get a better deal for money transfers when you’re sending money to certain countries. For example, if you’re sending 500 GBP to India, the beneficiary would get around 44,846 INR with Skrill compared to 44,373 INR with Tesco Bank Travel Money, a difference of around 1% or £10. 

How Easy Is It To Send Money With Tesco Travel Money

Tesco Bank Travel Money services provide convenient local and online currency exchange and money transfer services, combined with an international travel card.

Credibility Security

Tesco is a very well known, trusted brand. Here’s what they say on their website. 

“Tesco Travel Money ordered in-store is provided by Travelex Agency Services Limited. Registered No. 04621879. Tesco Travel Money ordered online or by telephone is provided by Travelex Currency Services Limited. Registered No. 03797356. Registered Office for both companies: 4th floor, Kings Place, 90 York Way, London N1 9AG.

Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated. Issued by Wirecard Card Solutions Limited. Registered Office: 3rd Floor, Grainger Chambers, 3-5 Hood Street, Newcastle upon Tyne, NE1 6JQ. Registered in England No. 07875693. Authorised and regulated in the UK by the Financial Conduct Authority to issue e-money (Firm Reference Number: 900051).”

Customer Satisfaction

Tesco Bank Money scored very poorly for customer satisfaction on Trustpilot, achieving a score of just 1.4 out of 5 across more than 600 reviews. Around 11% of reviews said that they were “excellent” or “great” compared to 88% of reviews that said they were “poor” or “bad.” Note that these reviews were across Tesco Bank Money as a whole, not just for travel money or currency or online overseas transfers. 

We could not find any positive reviews for Tesco Bank’s travel money service. 

There were numerous negative reviews including problems with discrepancies in the amount of foreign currency received, complaints about customer service and issues of the late arrival of travel money. A typical review was, “Ordered travel money from Tesco. When counting the travel money, a significant amount was missing coming to the approximate value of £35. Tesco investigated and found no discrepancies. So I am £35 out of pocket due to their incompetence. Do not order travel money off Tesco.”

How Tesco Bank Travel Money works

If you want to pick up travel money in person, the individual who ordered the travel money must collect it. You will need to have an order reference number and the card you used to pay for your order. You will also need to know your card's PIN to verify your order. You should also have a valid photo ID like a passport, full photographic driving license or an EU ID card. 

Here’s what you’ll need to make a money transfer with MoneyGram.

• If you have a MoneyGram account you can log in, otherwise, you will need to create a new account
• Decide how much you’d like to send and where you want to send it to
• Enter all the required information about the beneficiary, this might include their name, address, bank account details, and other personal data
• Tell MoneyGram how the beneficiary wants to get their money—through a bank transfer, cash pickup, or via some other means
• Agree to the MoneyGram exchange rate and any fees
• Pay for your transfer
• Enter your information to verify your identity

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Currency exchange rates

Discover the exchange rate today.

Use our currency convertor to check the current foreign currency exchange rate.

What do I need to bring to collect my foreign currency?

Ways to buy foreign currency at M&S Bank

Planning a much needed holiday? Whether you are looking for a skiing holiday in Japan , relaxing on the beaches across Europe or discovering the big cities of the USA , explore the exchange rate today and the different currency exchange options M&S Bank have to offer.

SameDay Click & Collect

If you order before 4pm, SameDay collection is available on 9 different foreign currencies. You can also order and collect euros and US dollars from over 450 stores. *

Click & Collect †

Collect over 40 foreign currencies from an M&S Bureau De Change that is convenient to you. Click & Collect gives the best available M&S Bank rate on euro, US dollar and Turkish lira. Order now to lock in the current rates.

Visit one of our Bureaux

Use the M&S Bank Bureau Finder to find your nearest M&S Bureau de Change and opening hours.

Learn more about the foreign currency you need

Find your destination, foreign currency and exchange rate today:

Australian dollars - AUD Australia

Bulgarian lev - BGN Bulgaria

Canadian dollars - CAD Canada

Chinese yuan - CNY China

Danish krone - DKK Denmark

euros - EUR Europe

Hungarian forint - HUF Hungary

Indonesian rupiah - IDR Indonesia

Japanese yen - JPY Japan

Jordanian dinars - JOD Jordan

Kuwaiti dinar - KWD Kuwait

Mexican peso - MXN Mexico

New Zealand dollars - NZD New Zealand

Norwegian krone - NOK Norway

Singapore dollar - SGD Singapore

South African rand - ZAR South Africa

Swedish krona - SEK Sweden

Swiss francs - CHF Switzerland

Thai baht - THB Thailand

Turkish lira - TRY Turkiye

US dollars - USD United States of America

Can't find the destination or currency you are looking for?

If you can't find your destination or currency, visit our travel money hub for our full list of currencies and exchange rates.

What factors influence exchange rates?

Ever wondered how exchange rates are calculated or what factors influence exchange rates?

Learn more about exchange rates with our useful article.

Benefits of currency exchange with M&S Bank

If you are planning a holiday abroad, we offer a number of benefits when you buy your foreign currency from M&S Bank.

• Our stores are open 7 days a week **
• Buy holiday money online and collect from your local Bureau de Change
• Exchange any leftover currency when you return using our buy back service

Click and Collect currency

Frequently asked questions

How are exchange rates calculated.

The exchange rate is the amount of one currency you can buy with another. Foreign currency is traded around the world daily, and it is these trades that will determine the exchange rates*

*Source: Bank of England. Visit Bank of England for more information.

Why do currency exchange rates fluctuate?

Currency exchange rates continually fluctuate, depending on changes in the financial markets.

This fluctuation can be caused by different factors such as supply and demand or worldwide events.

Have a question about travel money or other travel products?

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Important documents

M&S Travel Money Terms and Conditions (opens in a new window)

M&S Travel Money Click & Collect Sale Terms and Conditions (opens in a new window)

You may require Adobe PDF reader to view PDF documents. Download Adobe Reader (opens in a new window)

Planning a trip? Get a travel insurance quote.

M&S Travel Insurance offers a choice of single or annual multi-trip policies. Learn more about travel insurance.

*Subject to availability. Currencies available for SameDay collection include; euro, USD, Turkish lira, South African rand, Thai baht, New Zealand dollar, UAE dirham, Australian dollar and Canadian dollar.

† Next Day collection is subject to availability. Please confirm your collection date and location at the checkout.

**Subject to store opening hours

• Turkish Lira
• Australian Dollars
• Canadian Dollars
• Polish Zloty
• VIEW ALL CURRENCIES
• canadian dollars
• ALL BUY BACKS
• US Dollar Card
• Multi-currency Card

Travel Money Comparison

Get the best exchange rates when you buy or sell foreign currency online

• buy Currency
• sell Currency

What Currency do you want to buy?

How much do you want to spend, what currency do you want to sell, how much do you want to sell, buy currency, sell currency, why use a travel money comparison site.

Have you ever started researching the best rates between different travel money providers?

We know it can be overwhelming: the different suppliers, their different offers and of course, the ever-changing currency exchange rates. It's a lot of information to process and compile!

Our comparison site takes the stress out of researching and does it all for you. FInd the travel money supplier that will get you the best rate today.

• ✓ Compare Travel Cash is a non-biased travel money comparison site.
• ✓ To ensure our independence, we always use transparent, objective and verifiable criteria in our comparisons.
• ✓ Our mission is to show you the best rates so you can save when buying your travel money.
• ✓ We constantly update our exchange rates as they change for each money exchange supplier, and whilst we try to do this in almost real-time, there will be times when our data is slightly out of date (in normal circumstances, not more than 5 minute). Our travel money comparison site is designed to save you money by showing you the latest rates.
• ✓ We check out all the companies we list, ensuring they are reputable suppliers and pass our standards before we list them.
• ✓ We value your privacy.  We do not sell your data - you don't even need to give us your information to use our site.  Even if you choose to, it is safe with us, we will never pass it on to third parties.
• ✓ You won't get cheaper rates if you go directly to the supplier, at times, we may have discounts and incentives that you would not get by going direct!
• ✓ We do sometimes make money - but we don't make it from you.  We will never add fees or commissions to the travel money rates on the site.

Frequently asked questions

It's a great idea to buy your currency online to ensure you get the best exchange rate. You can often get much better deals online compared to what you can find on the high street or the airport. In fact ccording to recent surveys, 9 out of 10 tourists find that exchanging money at airports is the most expensive option.

The best thing about buying your travel money online through a comparison site is seeing all currency prices in one place, so whether you are buying euros , buying dollars or other currencies you get the best rate for your travel money and more importantly save time!

The quickest way to get the best currency exchange rate is by using our comparison tool . We compare the latest information from all the best travel money providers in the market to show you the best currency exchange rates.

Keep an eye out for the following when searching for the best currency exchange deals so you can choose the best option for buying your holiday money:

• High exchange rate - The higher the exchange rate number, the more holiday money you will get to the pound
• Delivery Charges - different currency providers charge different amounts for delivering your holiday money to your door
• Special offer - We will let you know if the providers are offering travel money deals

Commission is the fee that travel money providers charge for the service to exchange your money into foreign currency . The charge is usually included in the exchange rate they advertise. You will see that many foreign exchange companies advertise 0% commission, they are still charging you by including the charge in the rates.

All the travel money prices we quote include any fees and commissions, including delivery!

The simple answer is yes! Usually, the minimum order amount for foreign currency is £100, and the maximum is usually £7,500, although some providers allow you to exchange more.

Travel money is normally sent via special delivery service with Royal Mail. Travel cash orders worth more than £2,500 will be sent via a courier or multiple Royal Mail packages. This is for insurance reasons, making sure your travel money is safe.

This depends on the currency provider. Some providers offer next-day delivery, sending your travel money using Royal Mail's Special Delivery Guaranteed by 1pm service. There will be an extra cost for this and you can see how much when you compare the holiday money prices.

Don't forget, many foreign currency providers also allow you to pre-order currency and you can collect it in store, this means you can avoid delivery charges.

Most do, any holiday money that you have leftover after your trip abroad can be sold using a buy-back service that will convert it back to pounds. Our comparison tool will show you the providers offering the best buy-back rates .

Every few of minutes we compare the exchange rates and latest currency deals from the best travel money providers in the UK. You can see instantly who is offering the best deals and choose a service that suits your needs best.

Also, if you've come home from a trip abroad and have leftover currency, we compare many foreign currency buy back companies, showing the best rates to convert your foreign currency back into pounds.

Hundreds of customers order travel money through our site daily and have a great experience. However, as with ordering anything online, the process is never completely risk-free and you should always take care when transfering money to any company.

We undertake comprehensive checks on all of our providers and monitor them to make sure they meet our high standards and continue to do so. Having said that, no company is guaranteed not to come into trouble and we cannot guarantee the solvency of any of the providers listed on our website. We always recommend that you conduct your own due diligence before placing an order with any company.

There are many destinations where taking some local currency is extremely useful to make sure you are covered in places where credit cards are not accepted. Many of the smaller retailers globally will not allow credit cards, so cash is the only option.

Read our blog post on taking cash on holiday .

The best time to buy any travel money is when the pound is performing strongly relative to the currency you are buying, this means it will have a higher exchange rate, so will give you more currency for your money. The amount you receive is calculated by multiplying the exchange rate by the amount of pounds you want to spend, so the higher the exchange rate, the more foreign currency you get.

Exchange rates are constantly changing but we show you the historical exchange rate performance for each of the currencies so you can have more of an idea of whether now is a good time to buy your travel money.

Exchange rates tend to be very similar wherever you are in the world to those offered in the UK, however waiting until you are away means you may be stuck with poor exchange rates, fewer options of places to offer competitive rates or even worse, you may have to pay big additional fees and commissions. By buying your travel money in the UK there are no hidden fees, charges or nasty surprises, you know exactly how much you are getting.

Once you have found the best rate, place an order on the currency suppliers’ site, and pay for your currency.Each currency supplier has different payment options, including bank transfer, debit card, with some suppliers offering payment by Apple pay and Android pay. Once your order has been confirmed your order will be prepared and your currency sent to you by registered delivery, some suppliers even offer next-day delivery.

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Pound To Euro Exchange Rate Tests Weekly High On Dovish ECB Rate Hold

The Pound Euro ( GBP/EUR ) exchange rate firmed on Thursday following the latest monetary policy update in the Eurozone.

At the time of writing GBP/EUR was trading at €1.1695, up approximately 0.3% from Thursday’s opening rate.

Euro (EUR) Slumps amid Ramped up ECB Rate Cut Bets

The euro (EUR) fell against the majority of its rivals on Thursday following the European Central Bank’s ( ECB ) decision to maintain it’s the current base rate, holding interest rates at 4.5%.

Accompanying guidance from ECB President Christine Lagarde also revealed that some policymakers felt ready to begin monetary unwinding immediately, despite keeping interest rates unchanged.

Carsten Brzeski, Global Head of Macro at ING, explained: Even if the policy announcement does not explicitly mention June as the moment for a first rate cut, we think that today’s meeting should mark the final stop before the cut. In fact, the ECB has gone through a very gradual transition of its communication since December, turning from hawkish to dovish. The faster-than-expected drop in headline inflation, as well as anaemic growth, have opened the door for some rate cuts. Not a full reversal of the rate hikes since July 2022, but rather a soft loosening of a still restrictive stance.

As such, Euro sentiment remained sour as the session progressed, with markets confidently pricing in a June rate cut from the ECB.

Pound (GBP) Wavers amid Lack of Data

The Pound (GBP) posted some modest gains on Thursday following hawkish commentary from Bank of England (BoE) policymaker, Megan Greene.

The Monetary Policy Committee (MPC) member discussed the impact of stubborn services inflation in the UK, noting the resulting implications of persistently high interest rates, in an article posted to the Financial Times on Thursday morning.

Greene also observed that inflationary pressures remain more elevated in the UK than in the US, where markets are speculating on increasingly restrictive monetary policy, in turn suggesting that BoE rate cut bets are perhaps misplaced.

The BoE policymaker wrote: ‘Higher inflation expectations have translated into higher pay growth, by some metrics now between 6-7 per cent in the UK versus 4-5.5 per cent in the US. Such sticky wage growth is a significant component of services inflation. It will need to slow further to see services inflation return sustainably to target-consistent levels. This last mile may prove the hardest. UK services inflation remains much higher than in the US.’

Following recent speculations that the central bank would begin to loosen its monetary policy in June, shifting rate cut speculations following Greene’s restrictive stance lifted Sterling against some of its rivals throughout the session.

Pound Euro Exchange Rate Forecast: British GDP in Focus

Looking ahead, on Friday the UK’s latest GDP reports are due to print. Economists expect to see the UK economy return to a period of growth throughout the first quarter of 2024, with an estimated 0.2% economic expansion.

Should the data print as forecast, GBP will likely garner investor interest amid signs that the UK economy is turning a corner, after dipping into a technical recession last year.

Further commentary from the BoE ’s Megan Greene could also serve to imbue GBP exchange rates with additional volatility. Following the external policymaker’s hawkish rhetoric on Thursday, further indication that the central bank may pursue a more restrictive outlook towards monetary policy could strengthen the Pound.

The latest German inflation data is also due to print tomorrow. Any signs of stubborn inflation could see the Euro edge higher against its peers. Alternatively, any notable cooling may leave the common currency on the defensive.

Adam Solomon

Contributing Analyst

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Best Euro Rate: 1 GBP = 1.1637 Today

Best us dollar rate: 1 gbp = 1.2436 today, best australian dollar rate: 1 gbp = 1.9168 today, best canadian rate: 1 gbp = 1.7064 today.