Currency savings could cover travel insurance
Mon, 22 May 2006
Holidaymakers are being advised to get the best currency deals to help cover the cost of vital travel insurance.
Moneyfacts discovered that travellers could save up to £30 by shopping around for the best exchange rates available. In particular, seeking out commission-free deals often gave value-for-money, although with exchange rates changing on a daily basis it is increasingly hard for consumers to find a reliable deal.
"With commission charges ranging from zero to two per cent and with rates differing by up to 3.9 per cent, there is significant variation between providers," said spokeswoman Liza Taylor.
The study also discovered that it was not just banks that offer a currency exchange survey.
"Providers such as Marks and Spencer and the Post Office, not perhaps your first choice, proved to be very competitive," Ms Taylor added.
Savings on holiday spending money could help to offset the cost of purchasing travel insurance cover to protect against any unforeseen circumstances such as emergency medical treatment or forced cancellation. 
© Adfero Ltd
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