Asda Money t/a Asda Financial Services Limited

October 07, 2012 01:00 ET

When is the Best Time to Buy Travel Money?

LEEDS, UNITED KINGDOM--(Marketwire - Oct. 7, 2012) - Despite the economy suffering, Brits can't give up their holidays and some 39% of UK adults take a holiday at least once a year, Asda Money research has revealed. Almost a quarter of Brits travel twice a year and 11% of people will holiday between three and four times a year.*

Savvy holidaymakers can make the most of their money by buying travel money at the best rates, at the best time. Asda Money reveals when holidaymakers should buy their travel money.

Avoid Airports

Travel money rates at airports are often significantly higher than when bought at other locations, including online and your high street bank. By limiting yourself to buying foreign exchange at the airport, you will be locked in to paying overly expensive rates, of which they can charge more for and are often considered very expensive.

It could be advisable to buy foreign currency before hand, as you will typically be able to get a better rate. One of the most effective ways to get the best deal is to buy your travel money online.

Shop around online and comparing different providers allows you to explore a range of different options. If you're looking to buy foreign exchange, the Asda Money travel widget could help.

Exchange rates

When looking to buy travel money, it could be worth investigating what the current exchange rate is for your chosen currency. Exchange rates regularly fluctuate and so by keeping an eye on exchange rates you can make sure you get the best rate for your money.

Holidaymakers might wish to start looking at exchange rates around a month before their holiday to see how the rate changes against the pound sterling.

Notes to editors

* Source: Asda Insurance Research (Nov 2011), 39.67% people go on holiday once a year, 11.35% people go on holiday 3-4 times a year.

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.

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