Foreign Currency – Three Top Tips

Advertisers would like you to believe that the company that shouts the loudest has the best deals. Savvy consumers, however, know that a little bit of research can result in a much better deal for you and your wallet. When it comes to buying foreign currency – buying money, in effect, it’s really important that you take the time to buy from the right place.

Three Top Foreign Currency Tips

Whether you’re buying foreign currency once a year when you go on holiday, or you’re making regular payments overseas, you want to make sure that you’re getting the best possible exchange rate so that your sterling goes as far as possible. Foreign currency values are constantly changing and are affected by global economic issues, so you can’t always have the exchange rates you’d like, but you can still shop around for the best value:

1. Research
it doesn’t take long to research the foreign currency market. Rates are readily available at your local banks and post office and of course you can keep track online, through sites that show you real time exchange rates. Be aware that when you’re buying foreign currency, you’ll see a variation in exchange rates so take the time to look for the rate that is most beneficial to you.

2. Costs
always check out the costs of buying foreign currency. As well as the exchange rate, you need to find out whether there is a commission charge and if so, how much it is. You could find that you get better value by going to a provider that has a less favourable exchange rate, but doesn’t charge commission. If you’re buying online, check out delivery costs, which could add to your bill.

3. Timing
if you leave it too late to buy your foreign currency, you could end up getting less for your sterling. Buying at the airport is notoriously expensive, and taking money out of cash points overseas can also incur significant charges. Plan ahead to make sure you research rates and buy well in advance so that you get your currency when you need it.

Foreign Currency from Crown Currency Exchange
Wherever you’re travelling, or wherever you need to send money, we can help. As specialist foreign currency brokers, we have access to a wide range of currencies at excellent rates, with no commission and a great service. Find out how we can help you by taking a look at our website or calling 0800 612 7273 today.

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