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Brits urged to stock up on euros
29 Jun 2012
British consumers planning a trip to a eurozone country in future have been encouraged to stock up on euros now to make the most of the favourable exchange rate.
AA Financial Services pointed out that economic uncertainty across the continent has disrupted the single European currency, leaving it at a 22-month low against sterling.
The company also highlighted recent reports that some analysts expect the euro to deteriorate further in the near future.
Mark Huggins, director of AA Financial Services, said the current climate is ideal for Britons planning to buy euros, with the past few weeks offering a better rate of exchange than at any time since 2008.
'Compared to its strongest point in March 2009 when the pound and the euro were almost at parity, a traveller could now get around £100 more for every £1,000 worth of euros they buy,' he added.
According to One Poll research conducted for the AA, the number of people using a currency card for their holiday money almost doubled between December 2010 and December 2011, rising from 4.5% to 8.5%.
Opodo cheap flights, hotels and car hire - let the journey begin!
AA Financial Services pointed out that economic uncertainty across the continent has disrupted the single European currency, leaving it at a 22-month low against sterling.
The company also highlighted recent reports that some analysts expect the euro to deteriorate further in the near future.
Mark Huggins, director of AA Financial Services, said the current climate is ideal for Britons planning to buy euros, with the past few weeks offering a better rate of exchange than at any time since 2008.
'Compared to its strongest point in March 2009 when the pound and the euro were almost at parity, a traveller could now get around £100 more for every £1,000 worth of euros they buy,' he added.
According to One Poll research conducted for the AA, the number of people using a currency card for their holiday money almost doubled between December 2010 and December 2011, rising from 4.5% to 8.5%.
Opodo cheap flights, hotels and car hire - let the journey begin!
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