Avoid post-Brexit ripoffs when changing money

Published June 29th, 2016 - 08:33 GMT
Insiders say bureaux de change have started to panic because they were woefully unprepared for the fallout from a Leave result in the EU referendum. (Shutterstock)
Insiders say bureaux de change have started to panic because they were woefully unprepared for the fallout from a Leave result in the EU referendum. (Shutterstock)

Greedy airport and online currency firms are ripping off holidaymakers, a Money Mail investigation has discovered.

In the wake of the Brexit vote, major providers have slashed their exchange rates to as little as €1 to £1 in airports — even though the true rate is around €1.20 to £1.

Online currency brokers are also squeezing customers preparing to jet off this summer.

The gap between the official exchange rate and the paltry deals paid to holidaymakersshopping around on the internet has doubled at some firms.

Insiders say bureaux de change have started to panic because they were woefully unprepared for the fallout from a Leave result in the EU referendum.

These desperate measures were rushed through after savvy customers started cashing in on the crumbling pound.

By Victoria Bischoff

 


© Associated Newspapers Ltd.

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