Budget airline Ryanair automatically opts passengers into a poor currency rate when booking flights from abroad to the UK. This can result in significant extra charges for unsuspecting travelers. Here's how to avoid this rip-off.

What is Ryanair's Dynamic Currency?

Ryanair's Dynamic Currency is a currency conversion service that the airline offers to passengers booking flights from abroad to the UK. This service is advertised as a "guaranteed exchange rate," but it is actually a markup on the real exchange rate. This means that passengers who choose this option will pay more for their flights than they would if they paid in euros and let their bank or credit card provider convert the currency.

How Much Can You Save by Opting Out?

According to research by money transfer firm Wise, Ryanair's Dynamic Currency markup can be as high as 6.5%. This means that passengers could save up to £7.31 on a £125.52 flight by opting out of Dynamic Currency and paying in euros.

How to Opt Out of Ryanair's Dynamic Currency

To opt out of Ryanair's Dynamic Currency, you will need to untick a box on the checkout page. This box is usually titled "More information" or "Payment in your local currency." Once you have unticked this box, you will be presented with a warning that the currency will be converted by your "payment service provider" instead. This is your bank or credit card provider.

Is it Better to Pay in Euros or Pounds?

It is almost always better to pay in euros and let your bank or credit card provider convert the currency. This is because your bank or credit card provider will typically use the real exchange rate, which is significantly lower than Ryanair's Dynamic Currency markup.

Which Banks or Credit Cards Offer the Best Exchange Rates?

There are a number of banks and credit cards that offer competitive exchange rates for international transactions. Some of the best options include:

• Chase
• Starling
• Virgin Money
• Barclaycard Rewards
• Halifax Clarity

How to Check the Exchange Rate Before Booking

Before you book your Ryanair flight, you can check the current exchange rate using a currency converter website or app. This will help you to ensure that you are getting a good deal.

How to Dispute Ryanair's Dynamic Currency Charges

If you have already been charged for Ryanair's Dynamic Currency markup, you can dispute the charges with your bank or credit card provider. You may be able to get a refund for the markup.

Conclusion

Ryanair's Dynamic Currency is a rip-off that can cost you a significant amount of money. By following the tips in this blog post, you can avoid falling into this trap and save yourself money on your next Ryanair flight.

Additional Tips

• Be aware of the exchange rate when you are booking your flight.
• Opt out of Dynamic Currency at the checkout.
• Pay in euros and let your bank or credit card provider convert the currency.
• Check the exchange rate before you book.
• Dispute Ryanair's Dynamic Currency charges if you have already been charged.