FEXCO, an Ireland-based multinational finance and business solutions provider, is set to expand its UK-based Retail Foreign Exchange operation, No. 1 Currency, by adding 20 new high street retail outlets and 80 new jobs in 2014.

The move by the company will allow it to extend its presence in the UK High Street from existing 17 outlets to 37 by the end of 2014 and employ a total of 192 people across the country.

FEXCO foreign exchange services director Joe Redmond said they are delighted with the growth and performance of No.1 Currency since FEXCO acquired the business in 2012.

"An innovative new service launched recently by No.1 Currency, called Click & Collect – where a customer simply orders their currency online and collects it from their nearest No.1 Currency outlet, or at one of over 160 agents across the UK, has been a huge success and we are looking forward to expanding this service to our new retail outlets in the UK, which will offer the widest range of currencies available with no commission charged for all online transactions," Redmond added.

Established in 1981, FEXCO operates in 28 countries and employs over 2,000 people across Europe, the Middle East, Asia, North America, Latin America and Australasia.