TravelTransfersBusiness
  • Currency Card
    Currency CardCaxton Red
  • International Payments
  • Travel Tracker
  • Extras
    ExtrasTravel Smarter Blog
  • About
  • Contact

Travel Advice

How to avoid the horrifying airport exchange rates this October


<p><img style="width: 500px; height:223.75px;" src="https://media.caxtonfx.com/img/1100326/horror-airport-rates-travel-mone.png?width=500&amp;height=223.75" alt="" data-udi="umb://media/12da8fee1e4d4a058a4649dae8fa5778" /></p> <p> </p> <p>With October half-term around the corner, it is prime time to book a well-deserved holiday. Though, Halloween isn’t the only spooky thing on our doorsteps, as airport exchange rates could give you even more of a fright this month! Don’t let the spooky rates stop you from embarking on your travels, as organising your holiday money in advance can save you fortunes. Here’s how… </p> <p> </p> <h2><strong>Airport curre</strong><strong>ncy desks</strong></h2> <p>Generally, most airports offer their own travel money kiosk. This may look like a quick and convenient option when changing your money into foreign currency, however, airport kiosks generally do not provide the best value for money.  </p> <p>Caxton’s latest research reveals that individuals who exchange travel money at the airport receive approximately 38%<span style="font-size: 10.5px;"></span> fewer euros for their holiday, than people who converted their pounds in advance. Changing just £250 at the airport could see travellers receive 77 Euros less, compared with alternative ways in buying foreign currency exchange.</p> <p> </p> <h2><strong>What is the best way to buy travel money before my next holiday?</strong></h2> <p> </p> <ul> <li>Organisation is key; leaving your holiday money until you get to the airport could see you severely out of pocket.</li> <li>Look at other options; a prepaid multi-currency card lets you benefit from better market rates. Caxton’s currency card is designed to make spending abroad simpler than ever before.</li> <li>Keep all your money secure in one place; you can load multiple currencies onto your Caxton prepaid travel card - from Euros to Japanese Yen, we’ve got it all covered.</li> <li>Top-up in advance, from the comfort of your own home or via the app on the go; in times of market volatility, (especially with Brexit around the corner,) travel experts advise keeping an eye on foreign exchange rates and topping up when the pound is strong, to get the most bang for your buck.</li> <li>Enjoy fee-free spending around the globe; whether you prefer the old school way of carrying cash around or tapping away on your contactless – a Caxton card allows you to spend abroad, completely fee-free, enabling you to stay in control of your holiday money this half term.</li> </ul> <p> </p> <h2><strong>Price comparison for holiday money</strong></h2> <p>Exchange rates can prove confusing, but some people don’t appreciate exactly how much impact their last-minute currency purchase can have on their holiday spending kitty. Check out our comparison table below to see how it could impact you:</p> <p> </p> <table border="3" cellpadding="2" style="height: 218px; width: 645px;"> <tbody> <tr style="height: 75px;"> <td style="height: 75px; width: 146px;"> <p><strong>Holiday Cash £</strong></p> </td> <td style="height: 75px; width: 92px;"> <p><strong>Bureau rate Euros per £</strong></p> </td> <td style="height: 75px; width: 90px;"> <p><strong>Euros received</strong></p> </td> <td style="height: 75px; width: 127px;"> <p><strong>Caxton rate Euros per £*</strong></p> </td> <td style="height: 75px; width: 87px;"> <p><strong>Euros</strong></p> <p><strong>received</strong></p> </td> <td style="height: 75px; width: 102px;"> <p><strong>Difference</strong></p> </td> </tr> <tr style="height: 43px;"> <td style="height: 43px; width: 146px;"> <p>250</p> </td> <td style="height: 43px; width: 92px;"> <p>0.7933</p> </td> <td style="height: 43px; width: 90px;"> <p>€198.33</p> </td> <td style="height: 43px; width: 127px;"> <p>1.1018</p> </td> <td style="height: 43px; width: 87px;"> <p>€275.45</p> </td> <td style="height: 43px; width: 102px;"> <p>€77.12</p> </td> </tr> <tr style="height: 43px;"> <td style="height: 43px; width: 146px;"> <p>500</p> </td> <td style="height: 43px; width: 92px;"> <p>0.7933</p> </td> <td style="height: 43px; width: 90px;"> <p>€396.65</p> </td> <td style="height: 43px; width: 127px;"> <p>1.1018</p> </td> <td style="height: 43px; width: 87px;"> <p>€550.90</p> </td> <td style="height: 43px; width: 102px;"> <p>€154.25</p> </td> </tr> <tr style="height: 43px;"> <td style="height: 43px; width: 146px;"> <p>1000</p> </td> <td style="height: 43px; width: 92px;"> <p>0.7933</p> </td> <td style="height: 43px; width: 90px;"> <p>€793.30</p> </td> <td style="height: 43px; width: 127px;"> <p>1.1045</p> </td> <td style="height: 43px; width: 87px;"> <p>€1104.50</p> </td> <td style="height: 43px; width: 102px;"> <p>€311.20</p> </td> </tr> </tbody> </table> <p> </p> <p>Evidently, despite airport currency exchange desks looking like an easy option, they do not typically offer the best exchange rate and thus aren’t the best option when trying to save money on your travels. In addition, there can also be hidden collection, administration and buy-back fees, which all reduce the money that you could be spending whilst on your holiday.</p> <p>Save the last-minute spooks for Halloween!</p> <p> </p> <p>Caxton offers a stress and fee-free option when buying travel money. You can sign up for your <a rel="noopener" href="/currency-cards/caxton-currency-account/" target="_blank">Caxton multi-currency card</a> today to start travelling smarter.</p> <p> </p> <p><a id="Research"></a><sub>*Exchange rate displayed by Moneycorp at Stansted airport 25 Sept 2019 vs Caxton Exchange rate for loading Caxton pre-paid card or currency purchase 25 Sept 2019. When comparing £250 = 198.33 Euros at Airport versus 275.45 Euros from Caxton = 38.8% more Euros.</sub></p> <p> </p> <p><a rel="noopener" href="/caxton-cards/" target="_blank"><img style="width: 500px; height: 122.5px;" src="https://az695284.vo.msecnd.net/img/1099043/cardbannerblog-grey.png?width=500&amp;height=122.5" alt="" data-udi="umb://media/072557bc0e014b42b266e1b6f6544c57" /></a></p>

Chloe Stevens

9 October 2019
POST TAGS: currency  |  Foreign Exchange  |  Travel Advice  |  Airport Money
Get social with us
International Transfers

Buying Property Overseas

Buying Luxuries Overseas

International Transfers Blog

Affiliates and Introducers

Travel

Travel Money Cards

Travel Smarter Blog

Travel Money Extras

Travel Partnerships

Business Payments

Manage Currency Risk

Expense Management

Supplier Payments

Payroll Processing

Support

Support Hub

API Documentation

Complaints

Terms and Conditions

Caxton

About

Contact Us

Careers

Press

Privacy Policy

Our Apps

apple app store logo
google play store

Caxton Payments, 2 Leman St,
London, E18FA, UK


Payment Guides By Business Industry

Healthcare Payments Guide

Manufacturing Business Payments

Education Industry Payments

Retail Business Payments

Complete Payment Guides

All Business Payment Guides

Overseas Business Payments

Business Expense Management

Business to Business Payments


Travel Money Guides

Travel Money Guides

How to avoid airport exchange rates

How to save money on holiday

Easy tricks to saving money abroad

Stay safe while shopping online

Holiday cash essentials

International Payment Guides

Pay your child's education overseas

How to plan a wedding abroad

Maintaining property overseas

Repatriating funds overseas

Buying property abroad

Guide to working remotely overseas


©2023 Caxton Payments Limited is authorised and regulated by the Financial Conduct Authority for FSMA authorised business (FRN: 431844) and for the issuing of electronic money and payment services (FRN: 900663). Registered office: 2 Leman Street, London, E18FA, UK. We are also registered as a data controller with the Information Commissioner’s Office, registration number Z7413780.

The Caxton card is issued by PSI-Pay Ltd pursuant to a license by Mastercard® International Incorporated.

Mastercard is a registered trademark, and the circles design is a trademark of Mastercard International Incorporated.