Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites.
Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. For avoidance of any doubts and to make it easier, you may consider any links to external websites as sponsored links. Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

LONDON STANSTED AND BIRMINGHAM AIRPORT FOUND TO BE THE WORST FOR CURRENCY EXCHANGE RATES

Caxton FX, a leading international payment and currency card provider has undertaken major research into the state of the UK’s airport exchange rates.

LONDON STANSTED And BIRMINGHAM Airport Found To Be The Worst For Currency Exchange Rates
LONDON STANSTED And BIRMINGHAM Airport Found To Be The Worst For Currency Exchange Rates

Caxton FX enables holidaymakers to avoid the high costs of purchasing foreign currency at airports as well as offering a safe and convenient way to carry cash abroad. With holiday packing and endless last minute jobs, it can be tempting to organise currency at the airport, however poor airport rates and high commission charges can leave holidaymakers out of pocket.

The recent Caxton FX survey across major UK airports, including Birmingham, Southampton, London Heathrow, London Luton and London Stansted, illustrates the high costs and the need for consumers to be mindful of alternative currency options.

London Stansted Airport has been uncovered as offering the worst rate for Euros; £100 will buy just €101.61. Meanwhile at Birmingham £100 will only buy €106 and on top of this, customers will pay a high £4.75 in commission.

With weekend breaks to European cities becoming an increasingly popular holiday option, holidaymakers taking smaller amounts abroad will be penalised by high-commission charges and poor exchange rates.

LONDON STANSTED AND BIRMINGHAM AIRPORT FOUND TO BE THE WORST FOR CURRENCY EXCHANGE RATES 1As against Caxton FX’s current exchange rates, for £100, the consumer will receive €122.48 with absolutely no commission charged. Please see www.caxtonfx.com/currency-cards/ for daily rates.

James Hickman, Managing Director at Caxton FX commented ‘’this confirms what many travellers fear – that leaving currency to the last minute never pays…what is interesting is the disparity between the airports themselves in terms of what rates are available for what should be a standardised approach’’.

Caxton FX offers consumers three types of card; the Euro Traveller, US Dollar Traveller and the Global Traveller Card, all which come with free ATM withdrawals, competitive exchange rates and no additional costs. A key feature of the Euro Traveller and US Dollar Traveller cards is that it allows customers to lock in an exchange rate at the time of purchasing currency allowing holidaymakers to budget accordingly.

*Airport rates based on research conducted on 15thMay 2014.