Prepaid Travel Money Cards
British holidaymakers benefit from the most competitive travel industry in the world. Mile for mile, room for room, we get better value than any other nation. Yet there are still excess profits being made by bureaux de change and, especially, banks when providing holiday money. Next time you are near a bureau de change, note that they actually publish their gross profit margin. A typical airport exchange bureau might sell euros to departing travellers at a rate of 1.05, while it buys euros from incoming passengers at a rate of 1.25.n example: Henri has just arrived from Paris. He sells €500 to the airport bureaux de change and collects £400. Behind him in the queue is Henry, who happens to need €500. Buying them costs £476. In a couple of minutes, the bureau de change has made £76 profit from willing, if foolish, customers, corresponding to 19 per cent. Other parts of the travel industry can only dream of margins like that.