Football Supporters – Get rid of your leftover Rand
June 29th, 2010
If you were fortunate enough to fly out to South Africa to follow the football, chances are that you will be arriving home today for all the obvious and painful reasons.
Since your holiday was cut so short, you may also have quite a bit more Rand leftover than you expected. Rather than leaving your foreign currency hanging around your home (waiting for that next trip to South Africa that may never happened), why not exchange your foreign currency for Sterling. No need to have a painful reminder of England’s defeat in the form of leftover Rand poking out of a drawer every time you open it!
Follow a few simple steps and receive your GBP posted to your home in just a couple of days.
While you are at it, it’s a good idea to have an extra look around your home to see if you have any other leftover foregin currency hanging around, (Euros from England’s defeat before last in Germany perhaps)? Apologies for mentioning Germany…
This summer’s top foreign exchange currencies
March 26th, 2010
British holidaymakers looking to make their travel money go further this summer are advised to look towards the countries offering the best exchange rates against the sterling.
With all the excitement surrounding the World Cup, and more than 100,000 football fans expected to make the trip to South Africa this June, the South Africa rand is sure to be one of this summer’s hottest currencies.
Those heading to the country to see England play in Cape Town and other cities can find the best exchange rate for their currency deal when buying rand online sooner rather than later, as the currency is predicted to peak in strength as the event approaches. However, those planning on bringing foreign currency into South Africa should be aware that the maximum amount permitted is 5,000 rand (equivalent to £480).
Good news for those planning on taking holidays closer to home too, as recent months have seen an improvement in the euro exchange rate against the pound. Travel reports have shown that Spain is still one of the leading holiday destinations among British travellers, despite the country having lost some of its regulars to destinations outside of the eurozone such as Turkey, where holidays can often be cheaper.
Speaking of Turkey, the Turkish lira is becoming ever more popular among a wide range of travellers. Holidaymakers seeking sun, sea and sand flock to the country’s world-class beach resorts, while cities such as Istanbul – named this year’s European Capital of Culture – are ideal destinations for city breaks.
Wherever you’re thinking of heading this summer, make sure you keep up to speed with today’s exchange rates from OnlineFX to find the best foreign currency deals available.
World Cup fans advised to buy South African Rand before exchange rate rises
March 17th, 2010
Football fans planning to make the trip to South Africa to follow England in the World Cup this summer are being advised to buy travel money online sooner rather than later, as the South African rand is expected to increase in strength over the next three months as international attention turns to the country.
The rand is the official currency of South Africa, and the latest figures from RBC Capital in London are predicting the rand to reach a peak of 6.75 to the dollar by the end of the World Cup on 11 July.
The company’s emerging-market strategist, Nigel Rendell, told Moneyweb: “Investors are going to push the rand stronger as we approach the World Cup, which will attract quite a lot of money into the country.
“South Africa is going to be on the front page of every newspaper in the world for the month of the World Cup so there’ll be lot of positive sentiment for the currency. The economy is also recovering a lot faster than we thought it would.”
What this means for the 100,000 football fans making the trip from the UK to South Africa is that they can secure a better exchange rate when buying rand online ahead of their trip.
If you’re heading to South Africa this summer for the World Cup, read OnlineFX’s currency guide to South Africa to find out where you can spend your travel money, and learn what you need to know if you’re planning on making a money transfer to South Africa. Travellers to South Africa should also be aware that the maximum amount that can be brought into and out of the country is 5,000 rand (approximately £470).
The good news for anyone heading overseas to catch the World Cup is that you won’t be stuck with leftover travel money once you come back to the UK. If you choose OnlineFX, we’ll buy back your South African rand at a competitive exchange rate and we will then transfer your sterling amount to your designated account.
TEL: 020 7224 5799
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