Released on: October 31, 2008, 5:48 am

Press Release Author: No1 Currency

Industry: Financial

Press Release Summary: We are the only foreign exchange service to use a unique
Bureau de Change model. By working with Cheque Centre branches we are able reduce
expenditures on overheads and set up costs. We pass this saving onto our customers.


Press Release Body: Edinburgh-based Foreign Currency Specialist, No1 Currency, is
defying the credit crunch as it continues to grow it Bureau de Change network UK
wide.

Last weekend No1 Currency, the UK's fastest growing Foreign Currency Specialist,
celebrated the opening of its 250th Bureau de Change outlet in partnership with
Cheque Centre in Wakefield, Yorkshire.

Established in 1996 with just 2 currency exchange outlets, No1 Currency has seen
rapid and continued growth in Scotland and the North of England, with further
expansions intended to continue into 2009.

No1 Currency is the only UK-based foreign currency specialist to use a unique
partnership business model to grow its Bureau de Change network; as such it is able
to offer high quality service and considerably better currency rates than its high
street competitors.

Managing Director of No1 Currency, Mark McElney, said, "We are the only foreign
exchange service to use a unique Bureau de Change model. By working with Cheque
Centre branches we are able reduce expenditures on overheads and set up costs. We
pass this saving onto our customers."

The Wakefield Cheque Centre manager said, "Along with No1 Currency we are able to
provide customers with the full financial solution while offering the best currency
exchange rates on the high street."

The launch of No1 Currency's 250th outlet comes at a time when there is much
uncertainty in the holiday market in the UK and Scotland, yet despite the current
economic climate, No1 Currency has gone from strength to strength.

"The downturn in the economy has not stopped holiday makers from booking weekend
breaks and short getaways, however value for money has never been so imperative,"
said Mark McElney, "Our 250th Bureau de Change outlet is testament to the continuing
expansion and market demand for our cost effective currency exchange services."

"With our unique business model, 0% commission and the most competitive exchange
rates in the marketplace, we continue to offer better rates than our competitors. By
using this new currency exchange service at Cheque Centre our customers are able to
make their holiday money and currency transfers stretch that little bit further."

It seems that with the use of travellers' cheques diminishing, and banks continuing
to offer poor exchange rates alongside high commission fees as well as the soaring
charges to make withdrawals from overseas ATMs, getting cash before you go is an
essential item on the holiday check list.

Shopping around on your local high street and comparing currency rates could save up
to EUR25 on a GBP450 exchange. The average holiday maker takes around GBP450 in cash for a
week's holiday to the continent. With an exchange rate* of EUR1.245 to the Pound, No1
Currency customers get EUR560.25 for their holiday money. This beats the likes of the
Post Office (EUR535.50) and M&S Money (EUR555.75)*.

No.1 Currency operates 250 Bureau de Change outlets in through the UK, from
Inverness to the Brighton. These outlets can be found in all major cities and towns,
to find your nearest branch please visit
http://www.no1currency.com/bureau-de-change/store-loc.asp

For more information visit:
http://www.no1currency.com/

http://no1currencypresscentre.blogspot.com/


ENDS

Issued on behalf of No.1 Currency by LLLink at Forth House, 5 Johns Place, EH6 7EL.
Contact Emma Sykes on (0131) 561 8416 or emma@lllink.co.uk



Web Site: http://www.no1currency.com/

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 8416 or emma@lllink.co.uk