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Irish travellers cash-in on falling exchange rates

Written by Robert McHugh, on 29th Aug 2016. Posted in Financial

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Irish travellers are eyeing their nearest UK neighbours as a promising spot to get some real value on a city break. 

However, experts at TransferMate, the global currency exchange specialist, say the UK is not the only place offering good value for money at the moment and that there are plenty of other destinations with strong currency exchange rates to consider – particularly for those looking to venture further afield.
 
The FX experts are advising consumers to carefully consider their holiday plans in order to avail of falling currency rates in certain  countries. The FX specialists have also suggested that  businesses that trade internationally should work with currency experts where possible to lock in the best currency rates.
 
TransferMate say that there are a variety of countries where the Euro has gained some ground over 2016 but also countries where the value of the Euro has declined. 
 
Co-Founder at TransferMate, Barry Dowling commented, "People in Ireland are now looking at how they can take advantage of currency fluctuations. While there’s nothing people can do to stem the decline in value of a currency, a more knowledgeable holiday maker or trader can make better informed decisions, which may save them significant sums of money."

He added, "Ireland has a huge diaspora in countries like Australia, New Zealand and Canada – if any of the mums and dads, or brothers and sisters are thinking of going to visit their loved ones in these countries then they should look at the currency rates to decide whether or not now is the time to do it."

Source: www.businessworld.ie

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