LONDON, May 1, 2013 /PRNewswire/ --

Leading currency specialist, FairFX, is championing 'The Big UK Rate Check' to help drive transparency in foreign exchange rates. FairFX will mobilise consumers to play a part in collecting FX rates from retailers, post offices, high street banks and merchants across the UK to build a mass rate comparison check.  

"There are too many hidden fees and small print tactics used in the foreign currency market that exploit consumer's inexperience and trust. Too often consumers end up getting poor rates and bills for extra charges that are completely avoidable. Some high street travel cash providers are notorious for giving inconsistent rates that differ from branch to branch, not to mention the highly uncompetitive rates at the airports," says FairFX CEO, Ian Strafford-Taylor.

FairFX intends to show a rate comparison across the UK within a set timeframe, to expose travel money postcode lotteries and rip off rates.

Consumers will be invited to submit pictures of foreign exchange rate boards across the UK on a specified date & time early May, which will be disclosed via direct communications and social media.

Notes to Editors

FairFX is an online currency specialist. They provide travel cash, currency cards, wire transfers and business expenses platforms to consumers and businesses throughout the UK. Since forming in 2007, FairFX has campaigned for transparency in the travel money sector and prides itself on providing competitive services with no hidden fees to consumers.

Ian Strafford-Taylor is available for further quotes and interviews.

For press enquiries please contact Mariette Ferreira at FairFX, pressoffice@fairfx.com. Up-to-date currency comparison tables, FX market data and currency analyst quotes are available.

Media Contact:
Mariette Ferreira, Marketing Manager
+44(0)20-7778-9312
pressoffice@fairfx.com

SOURCE FairFX