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New research from the Office of National Statistics has revealed that UK holidaymakers have spent ten per cent less while overseas over the past year. The research calculated that UK travellers spending whilst abroad has declined to £31bn over the past 12 months.

With holidaymakers tightening their purse strings, foreign currency specialists No1 Currency, has been reminding them to shop around for the best rates and avoid paying any commission. The worst exchange rates can be found at airports, hotels and overseas bureaux de change.

Free Worldwide Transfers at Bank Beating Rates

Fed up paying the banks excessive charges? No1 Currency has no fees for making worldwide transfers of £5,000 and over. What’s more, we will offer you bank beating exchange rates, protection from negative fluctuation, daily market updates and a rate watch service devised to help you buy when the market is in your favour.