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From 15 branches to 50 in three years – FEXCO’s foreign exchange retailer opens 50th branch and announces 50 new jobs

FEXCO, Ireland’s most successful independent multinational financial services provider, has today crowned a period of rapid expansion of its foreign exchange retailer No.1 Currency, by opening its 50th branch in the Westfield Shopping Centre in Stratford. FEXCO also announced a further network expansion of No.1 Currency with plans to open 20 new branches across the UK and Ireland creating 50 new jobs. When the No.1 Currency brand was purchased by FEXCO in 2012, it operated a network of 15 branches. In just three years it has added a further 35 locations to its portfolio, now employing more than 200 people across the UK and Ireland. The No.1 Currency brand now handles one in 50 of all travel money purchases in the UK and this year will see sales of foreign currency exceed £0.5billion encompassing over two million transactions since its acquisition by FEXCO. The company is due to add 20 more branches to the network by the end of 2016, as part of an ongoing strategy to double the size of the business within three years. The growth, which includes a new branch in The Pavilions Shopping Centre Swords later this month, will see the creation of 50 new jobs. Currently, four-fifths (80%) of No.1 Currency’s physical branches are in prominent high street locations with the remainder located in shopping centres. In addition to expanding its high street presence, the brand is ramping up its online offering too operating both Click & Collect and Click & Sell services, which allow customers to pre-order or pre-sell their currency online and collect at their local branch. Alongside its 50 dedicated retail branches,...

Greece holiday warning – could you be left stranded with no money abroad?

A real threat could leave anyone on holiday in Greece with no cash machine access, card payments blocked and wire transfers declined. Greece faces looming debt deadlines, its politicians are playing a game of brinkmanship and it COULD end up exiting the euro. if Greece does quit the euro? Simon Phillips, from travel money specialist No.1 Currency, said there will probably be a transition period where euros are still accepted: “This means that if you have a holiday booked to Greece this summer, you shouldn’t be affected by a currency changeover.” Read the full article...

No1 Currency Compares the Cost of the Most Popular Global Festivals

California’s Coachella is the world’s most expensive music festival, while Exit in Serbia is the best place to go for a low-cost party, according to a comparison of costs at the world’s biggest festivals With the festival season is approaching, those still deciding where to party this summer may want to consider the dramatic difference in cost between the world’s top music events. The data was collated by travel money site No.1 Currency , which compared the cost of the most popular festivals across the globe, factoring in tickets, accommodation, food and drinks in order to assess the daily and total costs of a trip. Click here to read the full...

FEXCO’s No.1 Currency doubles UK market share in 2014; expansion continues with 15 new stores and 60 new jobs in 2015

Joe Redmond of Fexco, right, with Grant Shapps, Conservative Party chairman No.1 Currency’s nationwide presence in the UK to extend to nearly 300 stores and retail partners by the end of 2015 FEXCO, Ireland’s most successful independent multinational financial services provider, has today announced a major network expansion of No.1 Currency, its UK-based retail foreign currency operation, with 15 new retail outlets and 60 new jobs being created during 2015. This is the second major expansion of No.1 Currency in the UK in the last 12 months*. Following today’s announcement, No.1 Currency’s nationwide presence in the UK market will extend to nearly 300 retail stores and partners by the end of 2015, of which 56 will be No.1 Currency high street stores and 240 will be retail partners, employing a total number of 260 people across the country. Today’s announcement reinforces No.1 Currency’s position as one of the leading providers of foreign currency services in the UK. Commenting on the announcement, FEXCO’s Director of Foreign Exchange Services, Joe Redmond, said: ‘FEXCO’s retail foreign currency operation, No.1 Currency, grew twofold in the UK last year and looks set for further significant growth with the aim of serving 1 million customers by the end of 2015. Since launching operations in the UK foreign currency market in 2012, FEXCO’s No.1 Currency has trebled its share of the UK market and expanded its retail distribution network to 240 outlets across the UK, of which 56 are No.1 Currency-owned and managed. Our strategy for 2015 is firmly focused on further expanding our No.1 Currency network in Ireland and the UK. The UK remains the most...

Holiday money: Where your pound buys more than before

We’ve spent years feeling ripped off by high euro exchange rates, but the times are achanging. Here’s a list of the countries where the pound is buying you more than last year. If you want to save money on a holiday, you can camp out and cook spaghetti hoops in a tin OR you can take advantage of another country’s weak currency and live a 5-star life. Simon Phillips, from travel money specialist No. 1 Currency, said: “Currency movements mean that in some countries you will get a lot more bang for your buck compared to this time last year.” While some countries will ALWAYS be cheap, this year Brits are benefiting from a plunging euro and cheaper currencies in the usually pricey Scandinavian countries. So where can you make the most of the currency change? Here’s the currencies with the biggest falls against the pound from No.1 Currency. (Change is between 10 February 2014 and 9 February...
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