LEEDS, UNITED KINGDOM--(Marketwire - Oct. 9, 2012) - Recent research shows that some 33% of people believe that traditional financial and banking services are confusing and stressful. * This can be particularly true when looking into travel money, as there is a lot to take in if you want to get the best deal. For example, Sterling has increased in value by 12% against the Euro in the last 12 months.** With increasing fluctuations in currency, travelers heading abroad need to plan their currency purchases in advance.
With this in mind Asda Money has created an in-depth travel money jargon buster guide, to help to take the stress out of your holiday money planning.
Research shows that a growing number of Brits don't know common financial terms. Over half (63%) of people don't know what recession means and 7% of Britons don't know the difference between a savings account and a current account. ***
Going on holiday can be a fun and exciting experience, yet you could be left short changed if you're not clued up with the all the terms related to your travel money exchange rates.
The informative new guide from Asda Money, which is available to read now on the website, helps travellers get to grips with some of the essential terms used when buying travel money.
As so many different providers offer foreign exchange, it can be hard to work out exactly what you want and what you need. If you don't know the basics, the Asda Money travel money jargon buster guide could help you get off to a great start.
This guide is designed to make life easier for you before you jet off on your travels. The extensive guide lists a number of common terms that you might come across when looking to buy travel money. These include an explanation into what travel money is, as well as the difference between traveller's cheques, prepaid cards, credit cards, exchange rates and commission charges. These are just a few of the common terms that you might expect to use when buying travel money.
Visit the Asda Money website to read the travel money jargon buster guide now.
Notes to editors
*Source: The Debt Advisor, BRITS DON'T UNDERSTAND FINANCIAL JARGON/ 21/06/12 http://www.thedebtadvisor.co.uk/blog/12-06-21/Brits_don%E2%80%99t_understand_financial_jargon.aspx
** M&S Money figures. August 2012.
*** Source: The Debt Advisor, BRITS DON'T UNDERSTAND FINANCIAL JARGON/ 21/06/12 http://www.thedebtadvisor.co.uk/blog/12-06-21/Brits_don%E2%80%99t_understand_financial_jargon.aspx
About Asda Travel Money
- 0% commission on over 60 foreign currencies
- Competitive exchange rates
- Available to order online, over the phone or in selected travel money bureau stores
- Choice of Click and Collect (in store collection) or home delivery
- Free home delivery on travel money orders of £500 or over (£3.95 delivery charge applies to orders under £500)
- Next day delivery including when ordering before 2pm (Monday - Thursday)
- Choice of cash, travellers cheques or Cash Passport™ prepaid currency card (in store only)
Asda Travel Money ordered online or by telephone is provided by Travelex Currency Services Limited, registered number: 03797356. Asda Travel Money ordered in store is provided by Travelex Agency Services Limited, registered number: 04621879. Both companies registered office is 65 Kingsway, London WC2B 6TD.
Asda Money is a trading name of Asda Financial Services Limited. Asda Financial Services Limited uses a selection of companies to provide its products and services. Please refer to www.ASDA.com/money for details of our product partners and the relevant terms and conditions for each of our products and services. Calls may be recorded and/or monitored.