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Exact(19)
Only fools buy currency at airports.
When she started in 1998, Ms. Kahane relied on a big bank to buy currency to carry out transactions.
Holiday-makers are also stung by cash withdrawal charges if they use plastic cards to buy currency.
Anyone worried about the pound plunging, can buy currency now or load money on to a prepaid currency card.
He said that on more recent trips, he usually used his debit card to buy currency from a cash machine once he landed.
Holidaymakers using the Moneycorp exchange booth at Stansted airport to buy currency were being offered just €0.9915 for each £1 exchanged.
Similar(41)
One worry was that although it makes sense for traders to buy currencies with fat yields, it may be dangerous past a certain point.
"I always tell my clients if you really want a currency play, you might as well buy currencies and not take the real estate risk," he said.
For example, investors heavy in U.S. equities can buy currencies to get exposure to other economies.
Venture capitalists, for example, can't use LP funds to buy currencies.
This happens when traders around the world borrow yen at very low interest rates and use it to buy currencies to invest in countries where interest rates are higher.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com