Award winning online currency exchange company Travel FX is celebrating hitting its billionth pound in exchanges.
Travel FX has helped more than a million customers change their pounds into holiday money for destinations around the world since it was set up in 2008.
Graham Tennant and Damian George founded the company in a bid to break the monopoly on the travel currency market by the banks and the Post Office.
Travel FX, which offers currency exchange, buy back and international transfers, has reached more than 15,000 ‘excellent’ ratings on Trustpilot from its happy customers.
The easy-to-use system allows holiday makers to order their currency online, pay for it using a debit or credit card and select the date they want to receive it. Travel FX dispatches the cash through insured, Royal Mail Special Delivery on the date requested by the client.
Travel FX Managing Director Graham Tennant said:
“When we started this business, we felt that the industry needed a shake-up. We wanted to offer better rates and a better service than our competitors. More than a million happy customers and several industry awards later, we are delighted to be doing just that.
“We are saving every single one of our customers a lot of money. If they exchange their cash with us, they will be saving a whopping £25 per £1,000 compared to the Post Office. If they use us for their buy back requirements, they will be saving £80 per £1,000. All it takes is just a little bit of planning to get the order booked in before the departure date. If travellers leave it until the last minute, they could be charged up to 20% more on their exchange at the airport.
“We want to take this opportunity, while celebrating this significant milestone of exchanging the billionth pound in our business, to thank all of our customers to date. We are looking forward to helping them and many other new customers with their holiday money this coming year,” he added.
Travel FX can exchange or transfer pounds into 45 different currencies. The company can offer better rates and no hidden charges as it doesn’t have the overheads of many of its competitors. They also use industry-leading money transfer technology. This ensures every transaction is protected and guarantees it arrives on time.
A recent Mintel report has confirmed that cash still plays a crucial role in society and will continue to play an important part in the future of money because people can better track their spending.
Though, for those who prefer to use card, the company is set to launch virtual cards for people to pay using their phone wallets, but still get excellent rates.
Travel FX has recently launched an international transfer service to meet demand from its customers. The same day or next day service is faster and cheaper than using a traditional bank or currency broker. There are no hidden charges and the company guarantees its customers excellent exchange rates, in the same way it does for its money exchange service.
