The Euro currency has been in circulation since the turn of the century and it has been adopted by nineteen countries out of the twenty eight countries within the European Union member states. However, when it comes to value the GBP to Euro Exchange Rate has always been pretty good to the UK holidaymaker and this gives us the opportunity to pick many places to go on holiday within Europe whether it be a city break to Rome or a beach a holiday to Greece.
The number of holiday destinations within Europe that are on offer to the UK holidaymaker is vast and this makes it easy for the consumer as they can just Buy Euros for one holiday and if they have left over Euros from their holiday they can easily keep these for when they next visit a country within Europe that accepts the Euro currency next time.
In the UK we are used to using our Bank Debit Cards or Credit Cards to pay for things online, at restaurants and in local shops. However, when you Buy Euros should we be using our cards overseas to pay for things or is old fashion cash still more valuable. The following GBP to Euro Exchange Rate Infographic Guide highlights the difference between Bank Debit Cards, Credit Cards, Euro Currency Cards or Euro Currency Cash.
As you can see the above GBP to Euro Exchange Rate Infographic Guide clearly displays that Euro Currency Cash holds more value when compared with UK Bank Debit Cards, Credit Cards or Euro Currency Cards especially when spending Euro money in local restaurants or shops overseas in Europe.
For example, I recently went to Crete on holiday for the first time and I was unsure how much Euro spending money I would need for Crete especially as I was half board, however, I found that using Euro Currency Cash was a good choice as I needed money for the local bus, local shops, local restaurant for lunch, at the airport for small purchases, drinks in the evening at the hotel and at local tourist attractions.
If I had used my Co Op Bank Debit Card every day for small purchases and cash machine withdrawals I would have been charged overseas transaction fees, cash machine withdrawal fees and potentially poor Euro Exchange Rates by my bank. By budgeting and buying Euros in advance this gave me the opportunity to take control of the Euro Exchange Rate I was buying at and it allowed me to carry Euro Currency Cash on holiday to ensure I could easily pay for all the little things whilst out and about on holiday in Crete.
If you are unsure what overseas transaction fees, cash machine withdrawal fees and exchange rates that your bank uses we would advise checking with your banking suppliers before travelling. If you need more information on The Best Debit Cards To Use Abroad and The Best Credit Cards To Use Abroad please read our latest blog posts which highlights the different charges and costs that you could incur whilst spending overseas on UK Debit Cards or Credit Cards.
Our advise to customers has always been to take the local currency in cash as this will give you more buying power on holiday and to always have back up debit cards or credit cards for emergencies. If you would more like more top tips please read this latest blog post from our very own financial expert Peter Rudin-Burgess on The Cashless Holiday which details more information about spending in cash on holiday versus overseas card payments.
If your mind is made up that Euro Currency Cash is the best option for your holiday spending money you can use our GBP to Euro Exchange Rate Comparison Table to compare all the best UK currency suppliers and their latest exchange rates online which will save you money in advance and if you come back from your holiday with left over Euros and you would prefer not to keep them until your next holiday in Europe you can use our Sell Currency Comparison Table to get the best Euro Buy Back Exchange Rates and from all the latest online UK currency suppliers.