Compare Currency Launches Quarterly Currency Tracker

11 May, 2016, 08:22 ET from Compare Currency

LONDON, May 11, 2016 /PRNewswire/ --

Could you Have Got More for your Money? 

UK travellers experienced a dramatic 102 Euro flux in exchange rates over the last three months, when changing the UK average of £668 holiday money, according to impartial comparison site, CompareCurrency.com.

Between February and April 2016, people who exchanged £668 on 1st February received the best rates, collecting 879 Euros in comparison to those exchanging the same amount on 25th February, who only received 777 Euros. This fluctuation highlights the importance of staying up-to-date on current market conditions, via daily currency news, and knowing who is offering the very best deals on exchange rates at the moment.

Over the same three-month period, WeSwap consistently offered the best travel money rates on Compare Currency, compared to its competitors. The Currency Club was second on the list, with Ice Plc following close behind in third.

The average amount searched for by users of Compare Currency when looking to travel in the Euro Zone was £668, but how does this compare with the other most commonly searched currencies? American Dollars were the second most searched for currency, with the average amount coming in at £868, followed by Australian Dollars at £896.

When it comes to making larger money transfers abroad, it is also important to make sure you are finding the best rates, in order to get the most out of your exchange. For these larger transactions the Euro is still the most commonly searched currency, with an average amount of £12,210, followed by the US Dollar (£16,292) and the Australian Dollar (£29,757) rounding off the top three. Those people searching on 2nd March could have received 1,035 Euros more than those who looked on 7th April.  

Oliver Kingston, Founder of Compare Currency concludes: "People should shop around to get the best deal possible when exchanging money, so we provide a simple and impartial comparison of exchange rates. We analyse over 80,000 exchange rates every day, meaning that the 100,000 monthly visitors we get on our site are getting the most up-to-date rates, and the best value-for-money companies to exchange with. Don't just change your money, check to make sure you are getting the most out of your transaction."

The figures in the release are based on data collected by Compare Currency between 1st February and 30th April 2016.

SOURCE Compare Currency