#19 Don't buy foreign currency at the airport

by Jane Baker on 07 August 2009  |  3 comments
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Today's pearl of 'what not to do with money' wisdom if for anyone about to embark on their hols.

Today's pearl of 'what not to do with money' wisdom if for anyone about to embark on their hols.

#19 Don't buy foreign currency at the airport

I know it might seem super convenient, and it gives you something to do while passing the time before your flight departs, but buy your currency at an airport bureau de change and I guarantee you'll get bad value for money.

You probably already know that airport exchanges hike up their rates a bit, but do you know by how much? Let's say you want you want to buy 500 Euros. Expect to pay around £50 extra at the airport than you would at the cheapest place on the high street.

Is convenience really worth £50?

So, my advice is to book your currency in advance. Do all the usual shopping around first to find the best deal.

If you're running a bit short of time you could always order your holiday money online, and then arrange to pick it up at an airport bureau. Travelex offer this service, but don't buy from them directly when you get to the terminal because you'll find the rates are much worse.

Once you've got your cheap currency, you're all set for a great holiday!