Holidaymakers urged to be currency savvy

UK travellers heading to foreign climes could get a better deal by purchasing currency online or on the high street instead of at the airport, it has been claimed.

According to a study by Which? Money, holidaymakers could save up to £35 when purchasing €500 (about £339) from the cheapest provider instead of the most expensive.

It also found that travellers can save by ensuring they use a credit card with low rates and charges for using it abroad - or by using a debit card, which generally charge lower fees than credit cards.

"Don't leave changing your holiday money until the last minute - check if your own bank offers preferential rates and shop around to get the best deal on the high street or online," commented Martyn Hocking, editor of Which? Money.

A recent survey by Post Office Travel Services found nearly half of UK travellers overspend on their holiday budgets every year.

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