The Good Life France Magazine




The Good Life France Magazine brings you the best of France - inspirational and exclusive features, fabulous photos, mouth-watering recipes, tips, guides, ideas and much more...


Published by the award winning team at The Good Life France

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2 years ago

Issue No. 12

Sensational cities to tiny villages, food and wine, culture and heritage. Champagne, an aristocratic saffron grower, Anger, Montparnasse, Morzeine, Carol Drinkwater shares her passion for France. Gorgeous photos and fabulous features will transport you to the heart of France in this brilliant, free magazine...

CURRENCY EXCHANGE –

CURRENCY EXCHANGE – WHAT DOES IT MEAN TO YOU? Currency exchange in its simplest is just that, exchanging one currency for another but there are different methods of doing this and which one is best for you will depend on what your specific requirement is. Euan Mclachlan at FC Exchange takes a look at British pounds into euros, and three different options of carrying out a currency exchange: Travel cash/Holiday money For most people their experience of currency exchange will come from needing cash in the local currency of their holiday destination. For many this transaction will have taken place on the high street at some bureau de change or other and the rate they received will most likely not have been given a great deal of consideration. Now however it is far easier to compare and make sure you are getting the most for your pounds. Online comparison sites provide the rates available from a number of providers with options to either pick up the currency or have it delivered to you. Make sure you take account of any delivery charges for your currency, particularly if it is a relatively small amount you are exchanging as a good rate of exchange can be negated by a delivery charge. Prepaid currency card Prepaid currency cards are not new by any stretch of the imagination but may still be an under-used but very viable option to carrying foreign currency. Currency cards provide people with the ability to carry a card in the local currency and avoid the risk of carrying cash. In addition and perhaps more importantly the exchange rate available on currency cards is likely to be better than that available when converting to travel money. For frequent travellers currency cards can be a good option as they can be topped up while away with many having an app for doing this. Currency cards are also available in multicurrencies which can prove invaluable for those travelling on business or who visit differing countries. Money transfer The final method of currency exchange that we will look at in this article is the one that is likely to be the most unfamiliar to most but is the one where the greatest savings can be made and that is international money transfer or overseas payments. This type of transaction is more usually carried out where people have a larger currency exchange requirement and quite often a greater interest in the country that the currency relates to. The default for many people making a foreign currency exchange of this sort is to use their bank but a better option is to use an authorised currency broker such as FC Exchange. Not only can a currency broker provide a better exchange rate they can also offer an improved level of service and different options to ensure that best possible rate of exchange is achieved. With all currency exchange requirements it is highly advisable to compare, be that online providers and comparison sites versus the high street offerings for holiday money or a currency broker versus a high street bank for an international payment. Taking some time to look into the options available can save you money and make the process easier.