Personal Finance
How to circumvent currency exchange blind spots
According to the Office for National Statistics, £66.3 billion is spent on foreign currency during visits abroad each year; 75 per cent of this is exchanged in UK banks, bureaux de change, travel agents, supermarkets and Post Offices before departure. But, blinded by an abundance of rate options and hidden charges, British travellers are losing a sizeable chunk of this hard-earned holiday cash to the currency exchange players. Founder of currency comparison aggregator and ‘Skyscanner’ of the money transfer world,...