We all love going on holiday, but knowing where to get your travel money can be tricky. Where will you get the best exchange rate? Where should you compare travel money? How much money should you take?

It's a good idea to buy your currency online if you want to get the best exchange rate. You can get a better deal online compared to the high street or airport. Exchange rate is a term for how much travel money you get in return for what you pay. For example, a US dollar exchange rate of 1.4 would give you $1.40 for every 1 you pay.

How to get the best currency exchange rates


You will find the best currency exchange rate and the best travel money deal by comparing as many providers as possible. The currency comparison table at the top of this page will help you compare travel money. Then you can find the best euro exchange rate or best dollar exchange rate.

There are a few things to look out for when searching for the best currency exchange deal before your holiday.

  • High exchange rates: The higher the number, the more travel money you'll get

  • Delivery charges: The cost of having your travel money delivered to your home can vary

  • Special offers: Look out for any travel money deals because sometimes you can get a higher exchange rate or free delivery.

Can you get commission-free currency?

Commission is the service fee that a travel money provider charges to exchange your money. This charge is usually in the exchange rate they're advertising. Many companies advertise 0% commission. But they may still be charging you by offering a less competitive exchange rate.

Can you order currency online?

Some travel money providers let you exchange up to 7,500. The amount you pay will normally be rounded up or down to make sure you get a round figure. For example, if the pound-to-euro exchange rate is 1.29, you pay 310.32 for ?400 (rather than paying 300 for ?386.70). Some currencies can only be withdrawn when you're in the country you're travelling to. These are called closed currencies.

Are there restrictions on getting currency delivered?

Travel money is normally sent with Royal Mail's special delivery service. Cash orders worth more than 2,500 will be sent as individual deliveries. This is for insurance reasons.

Can you get next day delivery for currency?

Some providers do offer next-day delivery. They send your travel money using Royal Mail's Special Delivery Guaranteed by 1pm service. You pay extra for this and can see how much it will be when you compare holiday money. You can also pre-order currency to pick up in store, and means you can avoid delivery charges.

Deciding how much money to take

How much travel money you should take depends on your plans. You will need to budget for your holiday to make sure you don't run out of money before the end. Think about:

  • where you're going

  • accomodation costs

  • meals

  • price of local food

  • transport

  • entertainment.

Some countries charge a tourist tax and others charge an entry fee or visa to enter. It's important to be aware of these before you travel.

Will anyone buy my currency back?

If you have leftover cash from a trip abroad, you can use a buy-back service to convert it back into pounds. The buy-back rate tells you how much sterling you will get back. For example, if you're offered a buy-back Euro rate of 0.8, you will get 80p from 1 Euro.

Remember to factor in the rate and delivery costs, and compare exchange rates. You can check out the best euro-to-pound exchange rate by looking at our comparison table.

Travel money cards and other options

If you don't want to take much cash on holiday, consider how else you might pay for things while you're away.

Your options include:

Credit or debit card
You can use credit cards in most countries, but you'll be charged for each transaction. Tell your bank where you're going before, so your card doesn't get blocked.

Prepaid card
You load these cards with pounds or foreign currency. You can use them around the world. Compare pre-paid cards here.

Travellers' cheque
With these, you convert pounds into a foreign currency cheque, sign it, and then cash it when abroad.