Pound euro exchange rate: Sterling up as travel chaos rises – should you buy travel money?

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The service is currently offering a rate of €1.615 over £400, €1.0777for over £500 or €1.0825 for over £1,000.

It’s important to be savvy about when you purchase your holiday money.

“Don’t wait till the last minute; don’t buy from the airport – but most importantly, never use a credit card to buy money,” Shon Alam, founder of currency exchange platform Bidwedge, told Express.co.uk.

“If you buy travel money on a credit card, the card company sees this as taking money off the card in cash, therefore it attracts a higher interest rate and an extra charge as with all card companies.

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