It has been claimed that holidaymakers who buy their currency at the airport often pay over the odds. Foreign exchange specialist FairFx have said that people who change their money at Heathrow Airport could pay up to 9% more than those who buy through an online provider. Following last week's base rate cut and decision to introduce quantative easing, exchange desks at Heathrow were selling less than one euro to the pound.
Stephen Heath, chief executive of FairFx commented that airport travel money bureax have long taken advantage of travellers who leave buying their holiday cash until they reach the airport by offering far worse rates than outside the terminal.
What has your experience been when changing money? Let us know where you believe you have got the best or worse deal.
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