Eurochange, stylised eurochange, is a British

foreign exchange The foreign exchange market (forex, FX, or currency market) is a global decentralized or over-the-counter (OTC) market for the trading of currencies. This market determines foreign exchange rates for every currency. By trading volume, it i ...

company based in

Stevenage Stevenage ( ) is a town and borough in Hertfordshire, England, about north of London. Stevenage is east of junctions 7 and 8 of the A1(M), between Letchworth Garden City to the north and Welwyn Garden City to the south. In 1946, Stevenage w ...

. As of 2023, the company operates over 190 physical branches throughout the United Kingdom and also offers home delivery.

History

Eurochange was founded in London in 1975. In 2000, the company changed its name to FX Currency Services, and in 2011, it was renamed back to Eurochange. In 2014, the company was acquired by ATM operator NoteMachine, itself being owned by Corsair Capital, an American financial services company. In October 2022, it was announced that Corsair was selling NoteMachine to

Brink's The Brink's Company is an American Automated cash handling, cash handling company, headquartered in Richmond, Virginia. Its operations include cash-in-transit, ATM replenishment & maintenance, and cash management & payment services, such as va ...

, but would maintain ownership of Eurochange. The company won the MoneyAge Travel Money Provider of the Year award four years consecutively from its creation in 2016 until its discontinuation in 2019. In March 2022, Edinburgh Live stated that Eurochange had the second best exchange rates for

U.S. dollar The United States dollar (symbol: $; currency code: USD) is the official currency of the United States and several other countries. The Coinage Act of 1792 introduced the U.S. dollar at par with the Spanish silver dollar, divided it int ...

s and

euros The euro (currency symbol, symbol: euro sign, €; ISO 4217, currency code: EUR) is the official currency of 20 of the Member state of the European Union, member states of the European Union. This group of states is officially known as the ...

in Edinburgh, out of a range of five companies (Travel FX, Eurochange,

Tesco Bank Tesco Bank is a British retail banking brand operating as a trading name of Barclays. It was launched in July 1997 as part of a 50:50 joint venture between The Royal Bank of Scotland and Tesco, the largest supermarket in the United Kingdom, e ...

John Lewis John Robert Lewis (February 21, 1940 – July 17, 2020) was an American civil rights activist and politician who served in the United States House of Representatives for from 1987 until his death in 2020. He participated in the 1960 Nashville ...

, and

Sainsbury's J Sainsbury plc, trading as Sainsbury's, is a British supermarket and the second-largest chain of supermarkets in the United Kingdom. Founded in 1869 by John James Sainsbury with a shop in Drury Lane, London, the company was the largest UK r ...

) operating within the city. In December 2022, the

Association of British Travel Agents Association may refer to: *Club (organization), an association of two or more people united by a common interest or goal *Trade association, an organization founded and funded by businesses that operate in a specific industry *Voluntary associatio ...

(ABTA) announced that it would be launching a travel money service in partnership with Eurochange. This service, known as ABTA Travel Money, is the first

service operated under the ABTA brand. Eurochange has seen steady growth in locations, with an average of 30 opening a year since their acquisition by NoteMachine. For example, the company opened an outlet in the

Manchester Arndale Manchester Arndale is a large shopping centre in Manchester, England. It was constructed in phases between 1972 and 1979, at a cost of £100 million. Manchester Arndale is the largest of the chain of Arndale Centre, Arndale Centres built ac ...

in 2015, as well as two in CastleCourt and one in

The Pavilions The Pavilions is an indoor shopping centre in Uxbridge, Greater London, England. It was opened in 1973 and refurbished in 1985 and has previously been known as the Pavilions Shopping Centre and before that, The Cedars Shopping Centre. Between 200 ...

in 2018. The company now handles over 2.5 million customer transactions a year.

Services

Foreign exchange

The company offers

of over 60 currencies, including the

euro The euro (currency symbol, symbol: euro sign, €; ISO 4217, currency code: EUR) is the official currency of 20 of the Member state of the European Union, member states of the European Union. This group of states is officially known as the ...

, and

Turkish lira The lira (; Currency sign, sign: Turkish lira sign, ₺; ISO 4217, ISO 4217 code: TRY; abbreviation: TL) is the official currency of Turkey. It is also legal tender in the ''de facto'' state of the Turkish Republic of Northern Cyprus. One lira i ...

through its physical bureaux de change located on high streets and in shopping centres, as well as online through its own website. The company operates ABTA Travel Money, Marks & Spencer Travel Money and

NatWest National Westminster Bank, trading as NatWest, is a major Retail banking, retail and commercial bank in the United Kingdom based in London, England. It was established in 1968 by the Corporate merger, merger of National Provincial Bank and We ...

Travel Money. The company also offers a multi-currency

prepaid debit card A debit card, also known as a check card or bank card, is a payment card that can be used in place of cash to make purchases. The card usually consists of the bank's name, a card number, the cardholder's name, and an expiration date, on either ...

through Mastercard's Cash Passport brand. Eurochange also offers a travel money buy-back service, where customers can sell their unused currency after a holiday back to the company for a fee of £4 for 30%.

References

{{reflist Foreign exchange companies Companies based in Stevenage