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Buying euros at airports not so good on the pocket
July 12th, 2010 by elisa

£28million are wasted by tourists who buy euros at UK airports a recent survey by the Royal Mail Group states. This equates to around £16.60 per family in low exchange rates.

Sarah Munro, Post Office Head of Travel Money, said: “We compared rates at five UK airports with those available in Post Office bureaux de change branches and found that tourists buying at the airport would get far fewer euros for their pounds. In fact families changing £286 into euros at the airport face losing over £16 – enough to buy a round of drinks and eight ice creams in Portugal, summer 2010’s best value destination.”

The pound has rallied by almost 10 per cent against the euro since it sunk to a 2010 low in March, and is now worth four per cent more than a year ago.

Euros are available over the counter at 8,700 Post Office branches, while over 70 currencies can be pre-ordered for next day branch collection at all 12,000 Post Office outlets or online at postoffice.co.uk. Home delivery can also be requested online.

Money Saving Expert has created its own impartial website to compare exchange rates for different places, it also includes tips for travel insurance and cheap flights.


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