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The best place to exchange pounds for euros and dollars after sterling’s steep decline

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Written by: Paloma Kubiak
04/10/2016
Sterling has hit new lows against the dollar and the euro so if you’re heading overseas during half term, here’s where you can get the most currency for the weakened pound now.

While the FTSE 100 topped the 7,000 mark this morning, sterling hit a new 31-year low against the dollar, falling to $1.28, while it fell to a three-year-low against the euro, currently trading at around €1.1432.

If you’re heading abroad during October’s half-term, the fall in the value of sterling means you’ll now get less foreign currency for every pound in your pocket.

But, until 8am Friday 7 October, Asda Money is holding a sale on all currencies, such as the euro, dollar, Mexican Peso and Turkish Lira, and it’s available both in-store or online.

You can pick up the currency from a local Asda Travel Money bureau free, or home delivery is free on orders over £500 (for orders from £50 to £499.99 it’ll cost £3.95).

If you have an Asda Money Currency Card, you can reload it by calling 0800 260 0355.

How does it compare?

If you’re exchanging £500, here’s what you’d get at the following bureaux:

  • €561.45 at Asda (1.1229)
  • €551.10 at M&S (1.1022)
  • €560.45 at the Post Office (1.1209)
  • €561.25 at Sainsbury’s (1.1225)
  • €561.20 at Tesco (1.1224)

This means you’d be €10.35 worse off exchanging £500 at M&S than at Asda Money.

However, it’s always best to compare currency before you exchange to ensure you snap up the best rate.

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