News
UK's £2.3bn holiday shopping spree
01 August 2006
British holidaymakers are to take £2.3 billion worth of currency on holiday with them this year.
This is on top of any cash withdrawn on holiday or travellers' cheques taken.
Research by the Post Office also shows the popularity of travellers' cheques is waning as travellers feel more at ease using their credit of debit cards abroad.
Over the last year sale of travellers' cheques have fallen by 12%.
Kevin McAdam, of the Post Office, said: 'With so many places now offering commission-free deals and competitive rates, hard currency is unbeatable for convenience and value-for-money.
'And with budget airlines flying to even more destinations, we are seeing demand for a wider range of foreign currencies for different countries, especially Eastern Europe.'
New entries into the most popular currencies demanded recently have been the Czech Koruna and Polish Zloty, although the US dollar and the euro still account for the majority of cash exchanged.
© Adfero Ltd
This is on top of any cash withdrawn on holiday or travellers' cheques taken.
Research by the Post Office also shows the popularity of travellers' cheques is waning as travellers feel more at ease using their credit of debit cards abroad.
Over the last year sale of travellers' cheques have fallen by 12%.
Kevin McAdam, of the Post Office, said: 'With so many places now offering commission-free deals and competitive rates, hard currency is unbeatable for convenience and value-for-money.
'And with budget airlines flying to even more destinations, we are seeing demand for a wider range of foreign currencies for different countries, especially Eastern Europe.'
New entries into the most popular currencies demanded recently have been the Czech Koruna and Polish Zloty, although the US dollar and the euro still account for the majority of cash exchanged.
© Adfero Ltd
