Tourists visiting the UK avoid charges by buying foreign currency ahead of their holidays and not using their credit cards abroad.
(PRWeb UK) November 7, 2009 -- Research(1) has found that only around half of tourists visiting the UK use credit or debit cards during their break, instead opting to buy their foreign currency before they travel. This is in contrast to the 70 per cent of UK holidaymakers who fail to plan their travel money spend and end up using their cards while abroad, potentially leaving them out of pocket through incurring cash withdrawal with foreign exchange commission fees.
The visitors cited convenience as the reason they purchase their foreign currency before their holidays.
In addition, research from the Post Office found that over three million UK holidaymakers don’t buy their foreign currency until the last 24 hours before travelling abroad, either picking it up on the day of travel or buying it at the airport.
Waiting to buy foreign currency at the airport can cost travellers up to £86 extra, due to foreign currency commission fees and poorer foreign exchange rates. The Post Office recomm securing foreign currency well before a holiday in order to avoid unnecessary costs, whether they are incurred at the airport or through the use of credit or debit cards abroad.
(1) First Rate, 2009
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