July 16th - How to get a good exchange rate with your cash
Simon Calder's Independent Travel Podcast
The Independent
3.6 • 628 Ratings
🗓️ 16 July 2024
⏱️ 7 minutes
🧾️ Download transcript
Summary
Many people are organising holiday money. These days, paying with plastic or contactless is getting more and more universal – but cash can still be handy. I've been talking to Kaya Niedenthal of Currency Online Group about how to get a good exchange rate, even if you live a long way from hypercompetitive London. and why you shouldn't buy many Turkish lira in advance.
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Transcript
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| 0:00.0 | Hello and welcome to today's independent travel podcast with me Simon Calder and perhaps like you. |
| 0:07.8 | I'm really looking forward to getting away on holiday. I'm also thinking, what am I going to do about holiday money? |
| 0:14.6 | Yes, I know that these days most things are paid for by plastic, but I do like to have some cash. |
| 0:20.0 | It says more about you than |
| 0:21.2 | any credit card ever can so I want to get some euros I want to get some dollars I'm |
| 0:28.1 | lucky enough to work in central London which means that there's a whole host of places |
| 0:32.7 | with very competitive rates but what if you live a long way from London? You've looked up and |
| 0:39.1 | down your local high street, travel agents, banks, all giving you a pretty mediocre rate compared |
| 0:44.7 | with what you're seeing online. What can you do about that? Well, a question for a friend of the podcast, |
| 0:50.5 | Kaya Needenthal, of course, Director of International Payments for Currency Online |
| 0:55.6 | Group. I live in Inverness. What do I do about currency? Right, yeah, so, Simon, you can log |
| 1:02.2 | onto our website, which is CurrencyOnlinegroup.com, and you can place an order for home delivery |
| 1:06.5 | travel cash. So we've got a host of different currencies, euros, US dollars, of course, but all the |
| 1:11.8 | exotics as well. And what you can do, you can place that order. And then next day, your currency |
| 1:16.2 | will be delivered by Royal Mail Special Delivery. That's fully tracked and traced and fully |
| 1:20.4 | insured. And that's for obviously your kind of security and peace of mind. We probably process |
| 1:25.8 | around about 200 orders per day and send them out to |
| 1:28.8 | places as far flung as Inverness, to Dorset, to Devon and yeah, it's a very efficient process |
| 1:35.5 | with very good levels of service by us. We're always available on the phone and email to answer |
| 1:41.3 | any questions or queries or to offer that bit of support for peace |
| 1:44.3 | of mind for customers because we know that transferring funds across to us and then waiting |
| 1:48.5 | for their cash currency in the post is quite a daunting thing but we're here there to offer |
... |
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