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Tourist Currency Rates (Thursday 9th February 2012)

Travelling abroad on holiday or business? Check out our tourist rate guide to see how much your pound will get you when you buy currency at your travel agent or bureau de change. Here's what your £ Sterling is worth. The rates shown below are updated daily at approximately 09:30am.

 
CurrencyRate
Argentina - Pesos6.1468
Australia - Dollar1.3342
Spain - Euro1.1539
Bahamas - Dollars1.4346
Bahrain - Dinar0.5463
Barbados - Dollars2.8434
Bermuda - Dollars1.4752
Brazil - Reais2.3731
British - Pounds1
Bulgaria - Leva2.0501
Canada - Dollars1.4483
Chile - Pesos690.4224
China - Yuan8.9757
Colombia - Pesos2389.736
Croatia - Kuna8.1332
Czech Republic - Koruny26.8911
Denmark - Kroner8.0549
Dominican Republic - Pesos55.1929
East Caribbean - Dollar3.8684
Egypt - Pounds8.4294
Fiji - Dollars2.5127
Gambia - Dalasi43.2612
Hong Kong - Dollars11.1705
Hungary - Forint308.8122
Indonesia - Rupiahs12493.36
Israel - New Shekels5.3431
Jamaica - Dollars123.7456
Japan - Yen110.583
Jordan - Dinars1.0174
Kenya - Shillings116.58
Kuwait - Dinar0.4009
Latvia - Lati0.7336
Lithuania Litai3.8917
Malaysia - Ringgits4.2865
Maldives - Rufiyaa22.3505
Mauritius - Rupee41.6278
Mexico - Pesos17.292
New Zealand - Dollars1.7357
Norway - Kroner8.2774
Oman - Rials0.5501
Philippines - Pesos60.1668
Poland - Zlotych4.4005
Qatar - Riyals5.456
Romania - New Lei4.6672
Russia - Rubles39.4825
Saudi Arabia - Riyals5.4053
Singapore - Dollars1.7981
South Africa - Rand10.8484
South Korea - Won1606.013
Sweden - Kronor9.4531
Switzerland - Francs1.2984
Test Currency1.5269
Thailand - Baht43.8399
Trinidad and Tobago - Dollars8.8743
Turkish - New Lira2.4716
United Arab Emirates - Dirhams5.2364
United States - Dollars1.4558

European Euro: Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, the Netherlands, Portugal, Slovakia, Slovenia, and Spain.

Remember the rate you will actually get could change as trading rates vary throughout the day.

Tourist Exchange Rates

global  rate of exchange for tourists

If you are travelling abroad this year and looking to buy foreign currency for wherever you plan to go, you'll no doubt be checking out foreign currency tourist rates. But what do all these tables of tourist currency exchange rates mean and how do you know your getting the best tourist currency rates for your hard earned cash?

The foreign exchange market is arguably the largest market in the world mainly because unlike many other financial markets the whole world is its trading ground. It operates 24 hours a day except on weekends to make up for time zones and means that it trades trillions of US dollars every day.

Tourist currency exchange rates are based on the manipulation of two variables:

  1. Spot Exchange Rate - This is the current market price of the actual physical commodity. Put into simple terms, it means that on the day you physically buy your currency this is what it is worth as long as it is delivered that day and paid for by cash. The opposite to this rate is the Forward Exchange Rate which refers to an exchange rate that is quoted and traded today but delivery and payment on a specific future date.

  2. Commission - this is charged per transaction either by a percentage of the transaction or a fixed fee or both.

Currency providers will make profit on currency tourist exchange rate by buying currency for a lesser price that what they are selling it for. For example if the provider is selling euros £1 €1.15 and they are buying for £1 €1 then the provider has made €0.15 profit on each £1. Making it a very lucrative buiness

BEWARE:

  • Some banks will charge a handling fees or delivery charges on currency tourist rates if you order below a certain amount so be sure to check exactly what fees you are being charged.
  • Watch out for Commission free offers as often they will merely include this within their Commission calculation and no real saving is made.
  • Ultimately, always shop around for the best tourist currency rates in the market today.