Keep the cost of holidays abroad down by being more organised when it comes to purchasing currency, FairFX.com says.
Holidaymakers should organise their foreign currency well in advance to avoid being stung by high charges, it has been advised.
According to FairFX.com, purchasing foreign money from the airport could mean that travellers pay 14 per cent more than they normally would.
It also says that while some providers say they offer zero per cent commission, they may be hiding their true margins in the process.
Those looking to keep their holiday costs - which might include
travel insurance as well as currency - as low as possible may do well to make their preparations well in advance.
Stephen Heath, chief executive of FairFX.com, commented: "To avoid the worst rates on the market, which are generally found in airports and train stations, travellers need to get organised."
A recent report from Abbey indicated that UK holidaymakers bring home almost £1.8 billion worth of unused currency when travelling back from a trip abroad.
Cheap
holiday insurance from
Direct Travel Insurance could be one way to keep total holiday expenditure down.
Adfero Ltd provides live and tailored breaking industry news for Direct Travel Insurance. All industry news is prepared by Adfero Ltd and as such does not represent the views or opinions of Direct Travel Insurance. © Adfero Ltd 2008
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