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Pound Surges Against Aussie Dollar Just In Time For Test Match

19 November 2013

Sainsbury’s Bank has seen a 38% increase in the amount of AUDs sold in run up to Test(1)

Cricket fans heading down-under for the Test Match are getting more Dollars for their Pounds compared to six months ago, according to new research(2) from Sainsbury’s Bank Travel Money. Strengthening against the Pound by 11% since May this year, it confirms that now is a great time to buy Australian Dollars (AUD).

At the current exchange rate of 1.7073, GBP 500 gets you AUD 853.65 compared to AUD 765.9 in May this year(2). The research(3) also shows that over the last two years the Pound has risen by 9% against the Australian Dollar.

James Carter from Sainsbury’s Bank Travel Money commented: “As the England team get ready for the start of the Test on Thursday, any English cricket fans yet to set off to support their team have a great chance to secure a healthy rate of exchange so that their dollars will go further while they’re down-under.”

The supermarket bank has seen a 38% increase in the amount of AUDs sold in Q3 2013 (July, August & September) compared to the same period last year. In addition, two in five (41%) customers who buy Australian Dollars are loading pre-paid currency cards. There are a number of benefits of doing this, from securing a better exchange rate, to improved security, also exclusively to the Sainsbury’s Bank pre-paid card, customers can earn Nectar points when exchanging money.

Sainsbury’s Bank Travel Money provides customers with the option of ordering foreign currency online, over the phone or in-store at one of the bank’s 136 bureaux at selected Sainsbury’s stores across the UK. Customers also have the convenience of ordering currency online or over the phone and collecting it in-store or having it delivered directly to their home. Charges may apply when selecting home delivery, see sainsburysbank.co.uk for full details. Cash Passport™ pre-paid MasterCard® currency cards can be ordered online and in-store(4).

For further information, please call 0845 366 1151, or visit www.sainsburysbank.co.uk

ENDs

 

For further information, please contact:

Ian Morris / Tom Wilson                                                             Lorna Gilmour
Citigate Dewe Rogerson                                                            Sainsbury’s Bank
020 7282 2842   / 0161 932 1618                                     0131 338 2863

Notes to editors:

(1) Figures relate to Sainsbury’s Bank Travel Money (provided by Travelex) sales from 1st July until 30th September 2013 and compared to the same period in 2012.

(2) Figures for the exchange rate comparison between 11/05/13 and 11/11/13 were taken from http://www.exchangerates.org.uk/

(3) Figures for the exchange rate comparison between 11/11/11 and 11/11/13 were taken from http://www.exchangerates.org.uk/

(4)Delivery charges apply: £4.75 on minimum orders of £100-£299.99; £2.35 on orders of £300-£499; and free delivery on orders of £500 or more. A £1.99 administration fee applies to all online orders under £100 for collection in store. See www.sainsburysbank.co.uk for full details and terms and conditions.

Sainsbury’s Bank:

To view our latest press releases and product information, please visit the Sainsbury’s Bank online media centre at www.sainsburysbank.co.uk/media

Sainsbury’s was the first major British supermarket to open a bank, commencing trading in February 1997. Benefiting from a fantastic, trusted brand that enables us to combine the shopping experience with personal finance, Sainsbury’s Bank provides a range of quality products including insurances, credit cards, savings and loans. Our proposition is to make shopping more rewarding by offering customers great products at fair prices, while consistently rewarding shoppers for their loyalty and being easy to do business with at all times. Our products consistently top best buy tables and regularly win awards for quality, price and service.

This year, the Bank has been awarded ‘Personal Loan Provider of the Year’ – Consumer Moneyfacts, ‘Best Loan Provider’ – Money Supermarket Supers and ‘Best Credit Card for Rewards’ – Moneynet.

Sainsbury’s Bank has its own banking licence, is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority (register no. 184514), except for Credit Cards and Loans where it is licensed by the Office of Fair Trading (OFT) license no. 421897. The Bank has an independent membership to the Financial Services Compensation Scheme.

About Travelex:

Travel Money online and instore is provided by Travelex Agency Services Limited, registered number 4621879. Sainsbury’s Travel Money ordered by telephone is provided by Travelex Currency Services Limited, registered number 03797356. Registered office for both companies: 65 Kingsway, London WC2B 6TD.

Cash Passport: Cash Passport™ is issued by R. Raphael & Sons plc, pursuant to license by MasterCard International. MasterCard and the MasterCard Brand Mark are registered trademarks of MasterCard International Incorporated. www.cashpassport.com

Travelex In 1976, Lloyd Dorfman opened the first Travelex Bureau de Change on Southampton Row, London. He is now the Chairman of the world’s leading foreign exchange specialists. We trade in over 80 currencies and in 25 countries.

Customers can find Travelex online and in over 1,000 stores, including all the major airports. Travelex has over 500 ATMs around the world and takes care of foreign currency services for partners including banks, supermarkets and travel agencies, extending our reach to over 100 countries and 20,000 locations.

Travelex continues to grow the geographic reach, both organically and through targeted acquisitions in growth markets. Recent acquisitions include FX Africa in South Africa and Grupo Confidence, the largest consumer foreign exchange specialist in Brazil. www.travelex.co.uk