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CurrencyFair reaches €60 million in exchanges!

• 26 Oct 2011

CurrencyFair today announced that it had facilitated over €60 million in foreign exchange transfers since launching in May 2010, saving its customers €1.75 million Euro in the process.

These huge savings have been achieved by CurrencyFair's unique, disruptive peer-to-peer model, which results in exchange rates typically 2.5% better than those offered by banks, as well as slashing around €20 from the typical international transfer charge.

In July, after reaching the first one million in savings, Managing Director, Brett Meyers, said: "We are absolutely thrilled to have had such an impact on the retail foreign exchange and global transfers market in our first year. This is real money in the pockets of our customers that would otherwise have been paid to banks in fees. We are here to stay and anyone that has previously enjoyed taking customers for a ride with exorbitant foreign exchange fees and transfer charges would be wise to take note!"