Monarch has forged a deal with multi-currency payments service FairFX to help holidaymakers get better value for money in the wake of Brexit.

The deal will see the leisure airline group will promote FairFX international transfers, cards and travel cash.

In return, Monarch passengers will be offered preferential exchanges rates and FairFX currency card offers.

Customer experience will also be improved with tips and advice available for all aspects of their holiday, the two companies announced.

Fair FX chief executive Ian Stafford-Taylor said: “We are delighted to enter into this agreement with Monarch, which will involve cross-promotion and more efficient marketing of our products.

“This is of clear benefit to both companies, but most importantly to the consumer, who will benefit from greater choice and increased control over their holiday spending.

“By partnering with such a prestigious airline we will increase brand awareness for FairFX, meaning more holidaymakers will be able to save money by using our products and services.

“In turn, Monarch can have full faith that their customers will receive the best FX rates, products and services.”

Monarch retail product development manager, Hugo Vicente de Freitas, said: “We are pleased to announce FairFX as our new travel money provider, offering customers the chance to purchase currency cards, make international payments and order travel cash.

“Choosing FairFX as our travel money provider is aligned with our focus on ensuring the very best for our customers and helping to make their trip easy, convenient and safe when travelling abroad.”