Wednesday, September 06, 2006

Holiday Currency

Courtesy of www.qck.com


It is "well worth" changing leftover foreign currency back into sterling following a trip abroad, according to Kevin McAdam, head of travel services at the Post Office.

New research by the Post Office indicates that 33 million holidaymakers hoard leftover spending money at home, rather than visiting a currency exchange bureau on their return.

Figures also show that despite the Post Office indicating the "quick and easy" way in which money can be exchanged, one in five people still hold onto £50 or more in foreign notes.

More money is being brought back than ever too, with Britons returning with an average sum of £27.78 – 63 per cent more than in 2004, the Post Office suggests.

"It's easy to stash your leftover foreign notes and coins in a drawer when you get home from your travels and forget about it," said Mr McAdam.

"But with one in five of us claiming to bring back £50 or more, it's shocking to discover that so much money is being wasted."

"It's quick and easy to change your currency back and well worth it considering how much people are now bringing home. The best buy-back deals can be found at independent high-street providers offering zero per cent commission," he added.

A report last month by the Post Office showed that Britons prefer to use money when they are abroad, rather than credit cards.