Friday 25 October 2013

Exotic Half- Term?

Are you taking a short, accessible, break over the half- term before the Christmas stress begins? Where are you going?
New data from Moneycorp suggests that Brits are venturing to exotic locations for their half-term breaks.


The top 10 currencies for Moneycorp travel money online (7.10.13 – 13.10.13) has been:

1. Euro
2. US Dollar
3. UAE Dirham
4. Egyptian Pound
5. Australian Dollar
6. Thai Baht
7. Hong Kong SAR Dollar
8. South African Rand
9. Mexican Peso
10. Chinese Yuan Renminbi

The popularity of the Dollar is partly due to savvy British shoppers heading to New York City this autumn for some early Christmas shopping.  Shoppers can save up to 60% - as much as £100 in some cases - on some of this year’s must-have gadgets and toys by purchasing them in New York rather than London!

The sterling has also strengthened considerably against the dollar in the past three months. Travellers were getting $1.49 for £1; today they are getting around $1.62 for every £1.


No matter the currency, shrewd customers can lock into favourable exchange rates by using Moneycorp’s Reserve & Collect, which allows customers to reserve their travel money online for collection at a later date. The service offers all customers free exchange rate protection, so you’ll always receive the most favourable rate on the day you collect, whether that’s the rate on the day you reserved or on the day you collect.

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