First Choice Offers Best Currency Exchange
According to consumer magazine Which?, First Choice holidays offers the best deals on foreign currency exchange. Which? found that First Choice sold $500 for £260.42. Rivals Thomas Cook were found to be the most expensive place to change money and £14.31 more expensive than First Choice, with consumers paying £274.73 for $500, even though Thomas Cook offers commission-free currency.
Which? Editor, Martyn Hocking, said: "We often spend ages finding a great value holiday, but then forget about getting the best deal when it comes to our spending money.
"Don't assume that commission-free means you're getting a good rate - shop around or you could find yourself paying over the odds.”
The reports were based on currency exchange services found on the high street. Other notable companies reviewed included Marks & Spencer (2nd), charging £260.69, HSBC, charging £261.10 and the Post Office, charging £265.59 for the same amount.
