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June 26, 2007

Find the cheapest travel money in seconds

Martin Lewis Martin Lewis, moneysavingexpert.com.

The problem with travel money has always been that there are a myriad of charges which confuse the actual rate.   Many people think “commission free” makes it cheap. It doesn’t. All it means is you don’t pay a fee, but it’s likely you’ll get a worse exchange rate.

In the past when interviewed on how to do it the cheapest way, I told people to ask lots of providers, ‘How many euros/dollars/yen will you give me, after all fees, for my pounds?’ and go with the one that offered the most.  The problem with this solution is it lacks the charm of a direct answer, so a few months ago I started to work with my team on an automatic solution to it; after all almost of the best rates are on the web, so there had to be an easy way.   So it's quite exciting for me that today I've got my new Travel Money Maximiser tool up and running.

Posted by Martin Lewis on June 26, 2007 in Consumer Rights | Permalink | Comments (0) | TrackBack (0) | Email this post

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