Edinburgh-based Foreign Currency Specialist, No1 Currency, is defying the credit crunch as it continues to grow it Bureau de Change network UK wide.
Last weekend No1 Currency, the UK’s fastest growing Foreign Currency Specialist, celebrated the opening of its 250th Bureau de Change outlet in partnership with Cheque Centre in Wakefield, Yorkshire.
Established in 1996 with just 2 currency exchange outlets, No1 Currency has seen rapid and continued growth in Scotland and the North of England, with further expansions intended to continue into 2009.
No1 Currency is the only UK-based foreign currency specialist to use a unique partnership business model to grow its Bureau de Change network; as such it is able to offer high quality service and considerably better currency rates than its high street competitors.
Managing Director of No1 Currency, Mark McElney, said, “We are the only foreign exchange service to use a unique Bureau de Change model. By working with Cheque Centre branches we are able reduce expenditures on overheads and set up costs. We pass this saving onto our customers.”
The Wakefield Cheque Centre manager said, “Along with No1 Currency we are able to provide customers with the full financial solution while offering the best currency exchange rates on the high street.”
The launch of No1 Currency’s 250th outlet comes at a time when there is much uncertainty in the holiday market in the UK and Scotland, yet despite the current economic climate, No1 Currency has gone from strength to strength.
“The downturn in the economy has not stopped holiday makers from booking weekend breaks and short getaways, however value for money has never been so imperative,” said Mark McElney, “Our 250th Bureau de Change outlet is testament to the continuing expansion and market demand for our cost effective currency exchange services.”
“With our unique business model, 0% commission and the most competitive exchange rates in the marketplace, we continue to offer better rates than our competitors. By using this new currency exchange service at Cheque Centre our customers are able to make their holiday money and currency transfers stretch that little bit further.”
It seems that with the use of travellers’ cheques diminishing, and banks continuing to offer poor exchange rates alongside high commission fees as well as the soaring charges to make withdrawals from overseas ATMs, getting cash before you go is an essential item on the holiday check list.
Shopping around on your local high street and comparing currency rates could save up to €25 on a £450 exchange. The average holiday maker takes around £450 in cash for a week’s holiday to the continent. With an exchange rate* of €1.245 to the Pound, No1 Currency customers get €560.25 for their holiday money. This beats the likes of the Post Office (€535.50) and M&S Money (€555.75)*.
No.1 Currency operates 250 Bureau de Change outlets in through the UK, from Inverness to the Brighton. These outlets can be found in all major cities and towns, to find your nearest branch please visit http://www.no1currency.com/bureau-de-change/store-loc.asp
