There are a number of issues consumers must deal with before they can set off on adventures oversees. For example, they need to make sure they have passports that are in date and they have made the necessary transport arrangements. However, it is also vital that they sort out foreign currency exchange.
New figures suggest that individuals in the UK are keen to get the best deals around when it comes to such transactions. Recently, Thomas Cook launched an app on its website that can be used to set exchange rate alerts. According to the firm, nearly one in five Britons (19 per cent) are trying to make sure they get the best exchange rates by using the What’s The Rate function.
The travel company noted that 56 per cent of its app users have requested an alert when their currency hits their specified maximum rate, while 15 per cent have set an minimum rate alert so they can buy before the foreign currency exchange falls any further.
Commenting on the provision, Thomas Cook’s Melanie Whitehouse said: “Since launching our app last month, we’ve had some fantastic constructive feedback from our users and as a result have made many improvements to make it even easier to use. These include a quick and easy standalone currency converter and store finder.
“There’s no longer any need for holidaymakers to track rates every day in the run up to their holidays to make sure they aren’t missing out on a good rate, as we do all this hard work and will automatically alert them when the currency hits to upper or lower limit they’ve set.”
Consumers eager to take advantage of the best exchange rates can also head to dedicated broker service providers. Doing so could help them save considerable amounts of money, meaning they have more to spend when they are relaxing on their vacations.