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