DHAKA: Many travelers buying foreign currency at the UK’s airports are now receiving less than one euro to the pound.

The continued fall in sterling's value means that the average rate available at 17 airport bureaux de change is now just 99 euro cents to the pound, reports the BBC.

The worst rate is currently 88 euro cents at Moneycorp at Southampton airport and the best is €1.06 from the Change Group at Glasgow Prestwick.

Since the UK’s Brexit vote in June, the pound has fallen sharply in value.

The average US dollar rate at the airports is down to $1.08 to the pound.

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The survey of airport bureau de change currency rates was carried out by travel money firm FairFX on Monday morning.

The firm’s chief executive, Ian Strafford-Taylor, said many travelers would be shocked by the poor rates on offer.

“Currency firms operating in airports are known to offer the worst exchange rates down to taking big profit margins and today are shockingly offering holidaymakers below one euro to the pound,” he said.

“Unfortunately, if the pound falls even further, rates as poor as this could be seen at airport providers up and down the country - taking advantage of their captive audience of holidaymakers and business travelers.”

BDST: 1108 HRS, OCT 11, 2016
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