Brits 'could save money by changing currency before travel'

A currency exchange firm has urged Britons - including those going on holidays to India - to change their money before they go in order to avoid spending more than they need to on charges.

By Southall Travel -Monday, October 13, 2008 05:30 PM

Brits could save money by changing currency before travel

A currency exchange firm has urged Britons - including those going on holidays to India - to change their money before they go in order to avoid spending more than they need to on charges.

Research carried out by M&S Money found that Scots exchange the most cash before they go, with an average of £340.

However, people in Northern Ireland changed only £295, it was discovered.

Fraser Millar, M&S head of travel services, said: "Leaving it until you get to the airport to buy travel money can cost you more as you may be charged commission and exchange rates tend to be uncompetitive.

"Withdrawing cash once you get to your destination can also mean paying extra on charges."

The study also found that travellers are increasingly going on exotic holidays, with sales of currencies for countries outside the eurozone increasing by ten per cent since 2007.

In news that may be of interest to those going on holidays to exotic locations, Lonely Planet author Tom Hall told the Irish Independent that people should not be put off by the monsoon which the country is currently experiencing since it could mean quieter resorts and cheaper breaks.

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