Holidaymakers Face-Off on Facebook
By Fairfx, PRNEWednesday, June 15, 2011
LONDON, June 16, 2011 -
Where Not to Buy Your Travel
Money
As summer holidays approach, Facebook (which is expected to be
valued at $100bn following an initial IPO) is being used by
travellers to warn each other about where not to get
A recent campaign started on a Facebook page (
has resulted in many cost-conscious holidaymakers posting photos of
poor exchange rates at various locations. The biggest culprits
to-date include bureaux de change at Gatwick and Heathrow airports
as well as overseas locations like France.
Stephen Heath, CEO at FairFX.com said: “It’s interesting to see
this development in the use of social media effectively providing
more transparency for consumers in a marketplace which is sometimes
confusing.”
“Recently, we’ve seen many travellers voice their
dissatisfaction and uploading photos of the rates onto our Facebook
page. So far, the worst rate we’ve seen was offered by a travel
money booth at Gatwick Airport - $1.48 for £1 when the mid-market
rate was over $1.63 - that’s £50 profit for every £500
exchanged.
“Perhaps the use of social media sites like Facebook will
finally shame airports into doing something about this raw deal. In
the meantime, many savvy travellers are pre-purchasing their travel
money using prepaid currency cards which provide much better value
and convenience.”
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Media enquiries: FairFX Press Office, pressoffice at fairfx.com, David Bain, Tel. +44(0)20-7778-9316; Stephen Heath, Chief Executive, FairFX Plc, T: +44(0)20-7778-9302, M: +44(0)7785-291-059, Stephen at fairfx.com; Ian Strafford-Taylor, Chief Operating Officer, FairFX Plc, T: +44(0)20-7778-9308, M: +44(0)7920-793-793, ian at fairfx.com
Tags: Fairfx, June 16, London, United Kingdom
