Travelex India
TRAVELEX PRESS RELEASE
TRAVELEX LAUNCHES ASHES EXCHANGE DEAL FOR CRICKET FANS
Date : November 22, 2006
Foreign exchange specialist Travelex today launched a travel money offer created specifically for English cricket fans heading to Australia for the Ashes.
The deal, which starts today, offers cricket fans the best possible deal anywhere in the UK on Australian dollars. Travelex is currently offering 2.3785 dollars to the pound and will continue to adjust the rate throughout the Test series to ensure that it is always offering a better return than any other provider on the high street or online. The deal is commission free and there are no hidden costs. The deal will come to an end after the final test match on January 6th.
The ‘Cash for the Ashes’ deal is available at all Travelex shops nationwide. Although the offer is open to Australian fans heading home to watch the series, anyone that wants to benefit from the deal will need to prove their allegiance to the English cricket team. Cashiers at Travelex shops will ask customers interested in Aussie dollars to give the name of England’s South African coach.
Research by Travelex shows that English cricket fans could pay a heavy price on foreign exchange on the way out to Australia because of variations in deals offered on the high street. The exchange specialist’s research shows that fans will exchange on average £650 as they head out for the Ashes. But the £650 can return between $1,546 and $1,501 depending on where the money is exchanged.
John Nicholas, Head of UK Retail, Travelex commented: “A trip to watch the Ashes is a once in a lifetime experience and we’re delighted to offer fans the opportunity to start their trip in the best way possible – with a market beating exchange rate. Our deal could put an extra forty dollars in the pocket of each fan heading out to Oz. There’s no doubt it was the fans that helped England to the Ashes win last year and if this deal means that the Barmy Army can afford a couple more tinnies to put them in good voice then it’s well worth it.”
He continued: “We have conducted research into all major foreign exchange services online and on the high street. This deal is the cheapest means of obtaining Aussie dollars anywhere in the country.”
Comparative deals on £650 changed into Australian Dollars, November 23rd 2006:
| FX providers | Australian rate | Commissions | Delivery charges | Number of Australian Dollars |
|---|---|---|---|---|
| ICE | 2.37 | £0.00 | £4.95 | $1,528.77 |
| Post Office | 2.3344 | £0.00 | £5.00 | $1,505.69 |
| Thomas Cook | 2.31 | £0.00 | £0.00 | $1,501.50 |
| HSBC | 2.3424 | £0.00 | £0.00 | $1,522.56 |
| Lloyds | 2.3432 | £0.00 | £4.50 | $1,512.54 |
| Marks and Spencer's | 2.373 | £0.00 | £5.00 | $1,530.59 |
| Interchange FX | 2.3891 | £0.00 | £6.00 | $1,538.58 |
| Travelex | 2.3785 | £0.00 | £0.00 | $1,546.03 |
- Ends -
For Further Information:
| Chris Hides |
| Talk PR 0207 544 3691 07808 734624 |
About Travelex:
Travelex is the world's largest foreign exchange specialist, with over 650 retail branches and 16,000 business customers. There are retail branches at key airport, seaport and rail locations, in addition to tourist and business centres around the world. Around 40% of the world's airline passengers, over 1.3 billion people, pass through airports at which the business operates including the major gateways at London, New York, Hong Kong, Frankfurt and Sydney.
Travelex is the world's largest non-bank provider of commercial foreign exchange services, providing integrated solutions for businesses. The group is also one of the world's leading providers of outsourced travel money to banks, travel agencies and other financial institutions and one of the world's oldest issuers of Travellers Cheques.