Find out how you can save on your favourites this Christmas
With Sterling performing well recently, Irish expats going home for Christmas will be able to indulge in their local favourites for even less this year.
FAIRFX looked at the top treats that Irish expats will tuck into when they go home and compared the prices of their favourites versus this time last year when the Pound traded at €1.2577 to £1 vs €1.4230*.
Savvy shoppers could get up to 30 per cent more for their sterling this year when shopping in euros and making the most of a prepaid currency card could help them get even more by capturing great rates when it moves in their favour.
For example, the price of a pint of Guinness is now closer to £2.24 compared to £3.18 so it makes sense to find the best way to take your spending money further.
|Pint of Guinness||€4.00||£3.18||£2.24|
Here’s some handy tips for avoiding exchange rate pitfalls this Christmas:
• When it comes to your holiday money, don’t leave it until the last minute. Exchange rates at airports can be 10 per cent more expensive meaning you could lose £100 of cash for every £1,000 you change – that’s a meal out or some new clothes for you or the kids.
• Once in Ireland, beware of the double exchange rate trap. If you let the seller in a shop or restaurant convert the price back into pounds, they will choose their own exchange rate and you’ll inevitably get the less favourable rate. It always pays to pay in the local currency.
• Debit and credit cards are always a good back up but beware of ATM and transaction fees as well as what exchange rate you’ll be forced to use. Instead, use the already fixed exchange rate of FAIRFX’s prepaid currency card for you and your family.
• If you’re making an international payment to pay for your guest house or car rental, set up a Rate Watch service with FAIRFX so you’ll be informed when the rate is in your favour.
“The rates FAIRFX offers are always so competitive, the online top- up process is simple, quick and user friendly. I have used their currency card in Europe in supermarkets, restaurants, even in a swimming pool and your card payment was always accepted without questions. A brilliant product at much lower cost than using a UK bank or credit card.”
OFFICIAL IRISH WORLD PARTNER: FAIRFX is a leading prepaid card, travel money and international payment services provider to both personal and business customers. FAIRFX was named as one of 1000 Companies to Inspire Britain by London Stock Exchange and won the Best Foreign Exchange Retailer at the British Travel Awards 2015. FAIRFX is registered on the AIM market of the London Stock Exchange and FCA registered.
Visit www.fairfx.com for more details.
*Based on rates on 1 December 2014 vs 1 December 2015.
** Based on loading £1,000 onto a FAIRFX Euro card at €1.3528 on 9th December 2015 at 3:24pm versus €1.2141 at Travelex (Heathrow).
1 Pint of Guinness (568ml)
Packet of Tayto Crisps (25g)
Barry’s Tea (Gold Blend 80 teabags)
Clonakilty Bacon Mild Cure Rashers (200g)