No1 Currency Gets You More For Your Holiday Money

Released on: August 25, 2008, 4:50 am

Press Release Author: LLLink

Industry: International Trade

Press Release Summary: As the pound falls to its lowest ever value against the euro,
research from No.1 Currency shows its set to be an expensive summer for Scots
holidaying throughout most of Europe this year.

Press Release Body: High exchange rates coupled with steep bank charges for the use
of credit and debit cards in foreign destinations mean that Scots will now be paying
around 17% more for holiday expenses than they did at the start of 2007.

No.1 Currency, a leading international foreign currency service, can save Scots as
much as 11% by changing their money before they get to the airport.

Founder and Managing Director of No.1 Currency, Mark McElney said, “Most people do
not shop around to find the best rate of exchange for their money, leaving it until
they get to the airport or choosing to rely on their bank cards. This is costing
them far more than it should.”

No.1 Currency, recently listed as one of the top 100 fastest growing private
companies in the UK, has a network of 245 Bureau de Change franchised outlets across
the UK, offering the most competitive currency exchanges rates on the high street.

“We are the only foreign exchange service to use a franchise Bureau de Change model.
This saves huge amounts in overheads and set up costs. We pass this saving onto our

With the use of travellers’ cheques diminishing and high bank charges for using
plastic to make ATM withdrawals abroad, getting cash before you go is still an
essential item on most people’s holiday check list.

Most people tend to change their holiday money with their bank or use the bureaux at
the airport, however changing money at the airport drives up expenses because banks
and foreign exchange outlets share a percentage of their income with the airport

“With our unique franchise business model, 0% commission and the most competitive
exchange rates in the marketplace, we can undercut our competitors considerably.”

The average Scot takes around £500 in cash for a week’s holiday to the continent.
With an average* exchange rate of €1.236 to the Pound, No.1 Currency customers get
€618 for their holiday money.

No.1 Currency operates 77 Bureau de Change outlets in Scotland alone, from Inverness
to the Borders. These outlets can be found in all major cities and towns across
Scotland. Visit to find your nearest store.


Web Site:

Contact Details:
Issued on behalf of No.1 Currency by LLLink at Forth House, 5 Johns Place, EH6 7EL.
Contact Emma Sykes on (0131) 561 8411 or

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