Tesco exchange rates: What you need to know

Tesco Bank Exchange Rate Photo

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Tesco offers a convenient way to buy a multitude of different currencies. However, foreign exchange rates represent a major pricing point and there is often little clarity around them. We researched Tesco’s travel money exchange rates to provide you a table showcasing their currency rate spread. Hopefully we can help you save money on your holidays.

Tesco exchange rates: Information and tips

Know the latest interbank exchange rate for your currency pairs

The interbank rate (also called mid-market rate) is the midpoint between the buy price and sell price of two currencies on the currency markets. Tesco does not offer the interbank rate but instead adds a margin to it, which makes the foreign currency transaction more expensive for you. Before using Tesco for your travel money needs, make sure to know the current interbank exchange rate. That way, you’ll be able to calculate FX losses on the currency conversion. You can find the latest interbank rates using our currency converter.

How to calculate exchange rate loss

Here’s what you need to do in order to determine how much Tesco’s travel money exchange rate spread is going to cost you:

  1. Find the current interbank rate for your currencies using our currency converter
  2. Multiply your original amount by the current interbank rate
  3. Multiply your original amount by the exchange rate Tesco offers
  4. Subtract the first amount from the second amount
  5. This is the amount you’ll lose through currency conversion with Tesco

Order your currency online and in advance

Ordering your foreign currency before your trip allows you to compare with rates and fees of other providers. Ordering it online also is usually much cheaper than buying currency at the airport or on arrival to your holiday destination. Make sure to always compare exchange rates before finalising an order.

For the best exchange rates, we highly recommend TransferWise. Enjoy your first transfer for free on transfers up to £500.

Tesco exchange rate research

The exchange rate spreads below are for ordering foreign currency online. Rates on other services might differ. Those exchange rate margins are indicative at the time of research. Use the Tesco currency converter or visit the nearest branch to get the latest rates.

Currency ISO Code Exchange Rate Mid-Market Rate Exchange Rate Margin / Loss
Euro EUR 1.1034 1.12401 1.83%
US Dollar USD 1.2579 1.28122 1.82%
Australian Dollar AUD 1.7202 1.76949 2.79%
Canadian Dollar CND 1.6487 1.70228 3.15%
Bahraini Dinar BHD 0.4573 0.48174 5.07%
Barbadian Dollar BBD 2.3990 2.5574 6.19%
Brazilian Real BRL 4.5497 4.86224 6.43%
Brunei Dollar BND 1.6670 1.7597 5.27%
Bulgarian Lev BGN 2.0869 2.19837 5.07%
Cayman Islands Dollar KYD 0.9811 1.04854 6.43%
Chilean Peso CLP 806.4188 859.41426 6.17%
Chinese Renminbi CNY 8.3438 8.88563 6.10%
Costa Rica Colon CRC 705.3569 797.14137 11.51%
Croatian Kuna HRK 7.9362 8.35453 5.01%
Czech Koruna CZK 27.7072 29.22449 5.19%
Danish Krone DKK 7.9375 8.39259 5.42%
Dominican Peso DOP 59.8380 63.97937 6.47%
Fijian Dollar FJD 2.5067 2.7167 7.73%
Hong Kong Dollar HKD 9.6835 10.03526 3.51%
Hungarian Forint HUF 337.5003 361.55171 6.65%
Icelandic Krona ISK 150.1191 158.58686 5.34%
Indonesian Rupiah IDR 17,119.8344 18708.64412 8.49%
Israeli New Sheqel ILS 4.4850 4.77349 6.04%
Japanese Yen JPY 137.0772 144.41689 5.08%
Jordanian Dinar JOD 0.8514 0.9066 6.09%
Kenyan Shilling KES 123.3845 131.15081 5.92%
Kuwaiti Dinar KWD 0.3650 0.38872 6.10%
Malaysian Ringgit MYR 5.1087 5.36664 4.81%
Mauritian Rupee MUR 40.9880 44.16058 7.18%
Mexican Peso MXN 24.7745 26.07753 5.00%
New Taiwan Dollar TWD 37.0598 39.57368 6.35%
New Zealand Dollar NZD 1.8203 1.8835 3.36%
Norwegian Krone NOK 10.4851 10.94153 4.17%
Omani Rial OMR 0.4519 0.49263 8.27%
Peruvian Nuevo Sol PEN 4.0755 4.33591 6.01%
Philipine Peso PHP 62.4284 67.04773 6.89%
Polish Zloty PLN 4.5855 4.83715 5.20%
Qatari Riyal QAR 4.3711 4.65447 6.09%
Romanian Leu RON 4.9540 5.24386 5.53%
Russian Ruble RUB 78.5161 84.50536 7.09%
Saudi Riyal SAR 4.6640 4.79513 2.73%
Singapore Dollar SGD 1.6898 1.75911 3.94%
South African Rand ZAR 17.2103 18.03697 4.58%
South Korean Won KRW 1,356.1406 1453.91632 6.72%
Swedish Krona SEK 11.1157 11.6254 4.38%
Swiss Franc CHF 1.2327 1.27251 3.13%
Thai Baht THB 40.1138 42.20814 4.96%
Trinidad and Tobago Dollar TTD 7.9856 8.63243 7.49%
Turkish New Lira TRY 6.5463 6.8965 5.08%
UAE Dirham AED 4.5234 4.70528 3.87%
Vietnamese Dong VND 27,417.3392 29737.9746 7.80%

Tesco’s exchange rate was collected from Tesco’s website on 21/11/2018. Interbank rates collected from x-rates.com on 21/11/2018. The information displayed on this site is subject to change at any time and we do not guarantee 100% accuracy of the information.

For the today’s rates, visit Tesco’s website, contact Tesco’s customer support or log into your online banking and search for their exchange rate calculator. Currencyfees.com is not liable for any financial decisions based on the above information. Currencyfees.com is supported by referral compensations by some of the companies listed in our articles.

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