Making the most of your travel money

July 30, 2012 - PRLog -- Now there is a new online exchange comparison site – CompareHolidayMoney.com - designed to offer free, impartial information on where to get the best value for money when you buy currency.

“Deciding where, when and how to change your money is a headache, quite frankly,” says Peter Rudin-Burgess, a partner at CompareHolidayMoney.com.

“In this day and age, most travellers are extremely weary when it comes to exchanging currency, with old marketing rhetoric’s such as '0% commission' doing little to stem the confusion. People simply want a convenient, cost-effective transaction when they buy currency and our aim is to help fulfil this by providing a free comparison service of the UK's top currency suppliers.”

He explains that the site provides independent, straightforward advice on how to get the best exchange rate – in one easy-to-use comparison table.

Site visitors can see the best exchange rates for over 80 currencies from some of the biggest and most well-known currency providers in the UK including the Post Office, high street banks and airports. A few clicks can beat the drudgery of visiting the high street for your currency where the deals are always in their favour.

While some people might feel happier travelling with a credit or debit card, Rudin-Burgess is quick to point out that most card providers add a three per cent 'load' cost to transactions, and charge ATM withdrawal fees:

“Don't forget most credit card provider’s class travel money exchanges as cash advance transactions. This means you will incur a cash advance fee, and high interest rates on your borrowing until you pay it off. Our advice is simple: stick with cash (or pre-paid cards) and make sure you make your money work for you,” he said.

CompareHolidayMoney.com is the only place you'll need to visit to find the best exchange rates. The site aims to be a convenient one-stop-shop for consumers to get the best possible deal when exchanging money; cutting out the hassle and the headaches. Be sure to visit before your next holiday, and you'll wonder how you ever travelled without it.