How to Get the Best Travel Money Rates

Getting a good exchange rate can save you significant money on your travels. The difference between the best and worst providers can be 10-15% — on a £1,000 exchange, that's £100-150 lost to poor rates. Here's how to avoid the worst deals and find the best rates available to you.

Understanding Exchange Rate Markups

Every provider adds a markup to the mid-market rate (the "real" exchange rate you see on Google). This markup is how they make money. The key is understanding how much each provider adds — and that varies enormously:

• Online providers like Wise and Revolut typically add just 0.3-0.7% — that's £3-7 on a £1,000 exchange
• High street bureaux add 2-4%, meaning £20-40 on the same amount
• Airport exchanges can add 8-15%, costing you £80-150

The Best Options for Most Travellers

For most people, a multi-currency card from Wise, Revolut, or similar offers the best value. You get rates very close to mid-market, can withdraw cash from ATMs abroad, and pay by card with minimal fees. If you prefer to travel with cash, ordering online from specialist providers typically beats the high street by 1-3%.

When to Exchange: Before or After Arrival?

This depends entirely on your destination. Some countries have competitive local exchange markets where you'll get better rates after arrival — Thailand, Turkey, and Japan are good examples. Others have limited options or currency controls that make exchanging beforehand the safer choice. Check our individual country guides for specific advice.

What Makes FX-I.com Different

Most comparison sites show the same generic global providers regardless of where you are. That's not helpful if you're in Germany wanting to compare local German banks, or in Australia looking at local bureaux. FX-I.com shows you providers local to your country — so you can see what's actually available to you, with estimated rates that reflect local markups.