FairFX Student Deals

Don't waste money this summer - lock in the weak euro

Off on holiday this year? You're going to need euros.

Right now, the euro is the weakest it has been since 2009, with £1 getting you €1.39 - which means more cocktails by the beach for your pound.

Should I buy euros now?

Because of the volatile foreign exchange markets at the moment, the euro could get cheaper, or it could strengthen - it is impossible to say.

However, if you decide to take advantage of the historically low rate, you can put the cash you intend to spend on holiday onto a pre-paid card to be safe (as it takes the rate the £ is at now - not what it will be when you spend it).

How do I lock into the current low rate?

As a student with a likely low credit rating, you only really have two options (unless you just find the cheapest rate when you leave).

1) Get euro cash - You could just get your euros now - and put the cash safely away till you go on holiday. Make sure you use a travel money comparison site to ensure you get the best deal. However, having hundreds of euros under your mattress isn't an ideal situation for a student - especially if you live in shared halls.

2) Get a pre-paid card - Anyone can get one of these cards (students as well) - we like FairFx, as its exchange rate is pretty strong and it is free to get with no monthly charges. You put the cash on you intend to spend (has to be at least £50 at a time - which is pretty low compared to other pre-paid cards) and it will lock in the rate it is on the day you put the money in. You can do this online, or through its mobile app.

There are no monthly fees, but it will cost you £1.50 if you make a cash withdrawal at a cashpoint- so try to avoid doing that, and just hand over the card to pay instead.


Off on holiday this year? You're going to need euros.

Right now, the euro is the weakest it has been since 2009, with £1 getting you €1.39 - which means more cocktails by the beach for your pound.

Should I buy euros now?

Because of the volatile foreign exchange markets at the moment, the euro could get cheaper, or it could strengthen - it is impossible to say.

However, if you decide to take advantage of the historically low rate, you can put the cash you intend to spend on holiday onto a pre-paid card to be safe (as it takes the rate the £ is at now - not what it will be when you spend it).

How do I lock into the current low rate?

As a student with a likely low credit rating, you only really have two options (unless you just find the cheapest rate when you leave).

1) Get euro cash - You could just get your euros now - and put the cash safely away till you go on holiday. Make sure you use a travel money comparison site to ensure you get the best deal. However, having hundreds of euros under your mattress isn't an ideal situation for a student - especially if you live in shared halls.

2) Get a pre-paid card - Anyone can get one of these cards (students as well) - we like FairFx, as its exchange rate is pretty strong and it is free to get with no monthly charges. You put the cash on you intend to spend (has to be at least £50 at a time - which is pretty low compared to other pre-paid cards) and it will lock in the rate it is on the day you put the money in. You can do this online, or through its mobile app.

There are no monthly fees, but it will cost you £1.50 if you make a cash withdrawal at a cashpoint- so try to avoid doing that, and just hand over the card to pay instead.

 

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