Bank of England

Brexit is near: what does it mean for your pounds?

Not another article about Brexit! Everyone’s had enough. But if you’re planning a getaway in the coming weeks or months, and will be needing foreign currency, then this one might just help you save some money. So, cast away your Brexit fatigue – if only for just a few minutes – and read these answers to some common questions about the impact of Brexit on the pound from our very own CEO, Ian Strafford-Taylor. What impact has Brexit had on the pound so far? As of 24th January, the pound is 10% lower against the euro compared to the day […]

Don’t get stung by these simple, but costly currency mistakes on your travels

Currency fluctuations, rip-offs and poor decisions mean that British holidaymakers could have lost a shocking £14.3 billion between them this year, according to our own investigation. So, to ensure you don’t throw away your hard-earned money, here are some simple travel mistakes and rip-offs to avoid. Currency fluctuations The currency markets can seem daunting. But by just dipping a toe in – and watching how the pound is doing against the local currency of your chosen destination – you could save a lot of money. How much you get for your pound is constantly changing and it can be particularly […]

Holiday destinations to help make your holiday money go further in 2020

Holidaymakers who want to make the most of their travel budget after Brexit, pay attention: with the 31st January Brexit deadline day fast approaching, looking beyond the eurozone could be the key to getting a good deal. The important thing is to track the value of the pound to get more for your money. By choosing a destination where the pound is performing well, the cost of accommodation, shopping and eating out will decrease, allowing you to see more of the world, for less. Countries and currencies outside of Europe to watch in 2020 Now could be the time to […]

prepaid card app

Prepaid Cards vs Debit vs Credit: Which is best for your trip abroad?

Why use a prepaid travel money card instead of your usual debit or credit card overseas? Prepaid cards come with features that help you to get more out of your holiday, plus you can use them in the same way as your debit and credit cards. Here we take you through 7 key areas where prepaid travel money cards, debit cards and credit cards compete to help you decide which is the best card for your next trip.   1. Keep control of what you’re spending Unlike a debit card, a prepaid card lets you keep your spending money separate […]

Brexit: your currency questions answered

Confused by Brexit? Unsure what it means for your holiday money? There have been so many queries about Brexit ahead the UK’s scheduled departure from the EU on 31st October that FairFX has set up a dedicated Brexit Support Desk. Here, Ian Strafford-Taylor, CEO of FairFX, answers some of the most common questions the support desk has tackled. 1. What impact has Brexit had on the pound? As it stands, the pound is 12% lower against the euro since the day of the Brexit referendum in June 2016. This means Brits heading to Eurozone countries will now get £132 worth […]

YouGov

Make your holiday money go further this winter

Rarely has the nation been as fixated on the performance of the pound as we have been over the last 3 years of the Brexit rollercoaster. Whether you’re a financial expert or just looking to save a few pounds, nobody can be certain about what the future holds for the pound which is why being prepared for your upcoming holidays and understanding how best to manage your travel money is more important than ever. At FairFX, we offer currency cards which make it so much easier to plan ahead for your holiday spending money as it allows you to load […]

Brexit and the pound: holidaymakers’ currency questions answered

If you’re planning a summer escape, but aren’t sure what Brexit means for your holiday money, then you’re not alone. There have been so many queries about Brexit, the ongoing negotiations and the impact it has on exchange rates, that FairFX has set up a dedicated Brexit Support Desk. Here are the answers to some of the most common questions the support desk has tackled. What has the delay to October meant for exchange rates? The pound has been on a rollercoaster journey against the euro since the 2016 referendum. The continued uncertainty that comes with the extension of Article […]

blackfriars bridge evening

Here’s how we’re helping our customers during the Brexit negotiations

Whatever your views on Brexit, it can be hard to ignore the impact it’s having on our lives at the moment. For us here at FairFX we know this first-hand because the currency markets have turned into somewhat choppy waters. Because of this, we’re keeping a close eye on the proceedings to make sure you, our customers, can navigate those waters in the smoothest way possible. Which means being on hand to answer your questions about foreign currency and, of course, to look after your international payments. To make sure we can look after your currency concerns as best we […]

Are expat mortgages harder to come by?

If you are an expat based overseas and are seeking a mortgage, it has proved more difficult to obtain a mortgage. New rules were introduced in 2014 and this made things trickier for potential borrowers whose income and expenditure had to be evidenced after this time. Following European rules introduced in 2016, individuals that are paid in a foreign currency now come under closer scrutiny during the mortgage application process. In addition, lenders operating within this sector need to conduct enhanced due diligence on each application which, in turn, means more detailed administration. This has caused some lenders to withdraw […]

melbourne skyline

Managing the cost of moving to Australia or New Zealand 🇦🇺🇳🇿

For those moving home domestically in the UK, it can be one of the most stressful and potentially expensive times of their life. There’s a host of tasks to complete on what seems like a never-ending to-do list. But if you’re moving thousands of miles away to countries like Australia or New Zealand, common emigration destinations for Brits, the stresses and costs of moving naturally multiply. If you’re thinking of making the move, follow our tips for planning ahead and cut down on costs. Visa processes First of all, you’ll obviously need to establish your visa options to assess if […]

boat beach sunset

How to buy Turkish Lira for your holiday

Fears over the health of Turkey’s finances has caused the local currency, the Lira, to take a nosedive. This means that your Pounds will now get you much more Turkish Lira than they did a year ago. In fact, last year, £1 would have bought TL4.60 but now it will get you closer to TL6.80. That’s great news if you’ve already booked a holiday to Turkey or are thinking of a last-minute trip to take advantage of the situation. But, the sudden drop means that it is actually hard to buy the currency in the UK and waiting until you […]

travel money

Five travel money dirty-tricks to avoid

Don’t you just love that holiday feeling. That moment at the airport when you begin to relax and start feeling that buzz of excitement. What’s guaranteed to spoil your great mood is when some of your hard-earned cash disappears because of a travel money dirty-trick. That’s why we’ve put together a list of 5 travel money scams to avoid, so you can keep that holiday feeling going for the whole of your trip. Our latest investigation reveals that as a nation we lose £5.4bn a year through simple travel money mistakes. Here’s how to avoid travel money rip-offs and make […]