(OPENPRESS) October 21, 2008 -- No1 Currency, the UK's fastest growing Foreign Currency Specialist, celebrates the opening of its 250th Bureau de Change outlet in your local Cheque Centre store at the Ridings Shopping Centre in Wakefield.
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.
The new outlet is located in the Cheque Centre store at 74 Kirkgate and will be offering the most competitive currency exchange rates to Wakefield and its surrounding areas.
No1 Currency is the only UK-based foreign currency specialist to use a unique business model to grow its Bureau de Change network; as such it is able to offer 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 our customers with the full financial solution and offering the best currency exchange rate on the high street."
The launch of the Wakefield outlet comes at a time when there is much uncertainty in the UK holiday market, yet despite the current economic climate, Cheque Centre and 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, "This new 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
For more information visit:
http://www.no1currency.com/
http://no1currencypresscentre.blogspot.com/
Issued on behalf of No.1 Currency by LLLink at Forth House, 5 Johns Place, EH6 7EL.
Contact Emma Sykes on (0131) 561 8416 or emma@lllink.co.uk
Notes to Editor
*Rate correct on 15/10/08. Monthly average Currency Rates can be viewed at:
http://www.no1currency.com/bureau-de-change/rates.asp
Founded in 1996, Edinburgh-based No.1 Currency is the UK's fastest growing independent foreign currency specialist.
No.1 Currency is accessible to all, providing safe and secure worldwide money transfers for individuals and corporate clients, as well as competitive Bureau de Change services.
No.1 Currency Bureau de Change is one of the largest chains of bureaux in the UK, with 250 outlets across the UK offering 0% commission on currency exchanges.
This franchised Bureau de Change services can be found in Cheque Centre, Cash Generator and Barrhead Travel stores throughout the UK.
