Travelex: the one-stop currency shop

Corporate profile

If you’ve changed currency at an airport recently, whether it was in Auckland, Alaska or anywhere in between, the chances are you’ve been a customer of Travelex – the world’s largest retail foreign exchange operator. “The business most people associate us with is retail: buying and selling travel money,” says Clive Kahn, its London-based chief financial officer. This perception is understandable; after all, around 1 billion international passengers each year pass through airports

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Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

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