Buyback Currency for Maximum Return

You’ve just finished an overseas project or come back from vacation after a well-earned rest. But you have this surplus foreign currency burning a hole in your pocket. Where and how can you buyback currency safely and for maximum return?

buyback currency

 

Where Can I Buyback Currency?

I hear you. You can approach a number of foreign exchange desks at the airport and/ or high street and compare rates. However, there is a quicker and more efficient approach…

After finishing a stint in Hungary and having to leave in a hurry, I had a wad of Forints left over. 120,000 Forints to be exact. As I was leaving Budapest, I got my first quote:

1. Interchange, Budapest Ferenc Liszt International Airport – 312gbp @ 383.93

After jetting into London Heathrow, I received my 2nd quote:

2. Travelex, London Heathrow – 276.68gbp @ 433.71
They may as well wear a Dick Turpin mask!

I then decided to get a quote locally on the High Street.

3. Thomas Cooke – 301.73gbp @ 397.70

A bit of a mixed bag and the airport in Budapest coming out tops. As you’d expect i.e host country has better buyback rate.

Instead of all this running around, jetting about and potentially getting fleeced…there is a better way. There’s a little site on the web called compareholidaymoney.com

It’s very simple to execute, so here’s the how.

How to Buyback Currency

1. Go to CompareHolidayMoney.com

2. Click on the ‘Sell Currency’ tab in the header

3. Scroll down the page until you find your desired currency and click on its associated green ‘Compare Deals’ button

4. The window below will appear. Enter the desired amount (in my case, 120,000 Forints) and click on the red ‘Compare Deals’ button

buyback currency

5. A table will appear, providing you with various options

buyback currency

6. The table does a few things. Not only does it highlight the best buy back, it includes a number of reviews. So, based on these reviews and the buyback rate, I opted for Currency Online Group (COG). Now press the associated green ‘Sell Now’ button

7. Enter the currency and amount again using the drop down boxes

buyback currency

8. Enter all your personal details:

buyback currency

9. Enter all your bank details:

buyback currency

10. Check the, ‘ * I have read and agreed to the terms and conditions’ then click the green ‘Place Order’ button.

11. You will be presented with a confirmation screen like the one below (you will also be sent an email):

buyback currency

12. Send your hard earned cash AND the form (in steps 7-9) in a jiffy bag, to the designated company (in my case, COG).

buyback currency

13. Ensure you use special delivery at the post office, so the exact amount is insured.

buyback currency

14. Wait a few days to get paid…and voila (email confirmation of payment)

buyback currency

 

buyback currency

It was 3 pounds less than originally quoted, due to the current exchange rate. But after 6.45gbp post office insurance, I netted 323.54gbp, by choosing to sell my foreign currency online.

11.54gbp more than the quote in Budapest and 46.86gbp more than the quote in London Heathrow! So, well worth it in my eyes.

Takeaway

It’s not worth running around, searching for the best buyback rate to buyback currency. Best to use a trusted and validated source such as ‘compare holiday money’ to execute the deal quickly, safely and providing you with the best buyback rate.

For small amounts of currency, it’s probably not worth the hassle of using such an online service. However, for larger sums of cash, it’s a no-brainer.

Now I would like to hear from you.

How did this comparison site work out for you? Has anyone bought any currency from this website?

Let us know in the comments…

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