British tourists have been warned to watch out for a simple mistake that could see them lose more than £200 before they’ve even set foot on their plane.
New research from eurochange has found that Britons could lose hundreds if they buy their travel money at the airport.
Airport exchange rates can be as much as 13 per cent higher than those on the high street or online.
Laura Evans-Fisk, head of digital and engagement at eurochange, warned: ‘It’s surprising to see the vast difference in rates across UK airports and the huge amount of money Brits could be losing out on if they wait until they get to the airport before exchanging their cash.
‘Changing money at the airport is absolutely the least cost-effective way of picking up your holiday money, as rates can be up to 13 per cent higher than they are on the high street or online.
‘As it’s often a last-minute necessity, customers are forced to convert their cash at whatever rate is offered to them in the airport, whereas on the high street, they have more options.’
Laura said that the best time to buy travel money is on a weekday, as prices tend to fluctuate less then.
She warned: ‘Typically, Monday through to Thursday is the best time to buy your euros, as these are the least busy days for transfers, so you might see a little less fluctuation in the mid-market rate over these days.’
New research from eurochange has found that Britons could lose hundreds if they buy their travel money at the airport
The research found that Gatwick was the most expensive UK airport to purchase travel money at.
Brits exchanging €1,000/£850 could lose out on £274 at the London Airport.
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