Travellers may wish to "ride their luck" with exchange rates
It may be worth holidaymakers waiting until they arrive at their destination before obtaining their travel money, one industry figure has suggested.
Signs are showing the pound could be strengthening against the euro and holidaymakers may be able to "ride [their] luck" when it comes to getting their currency, a foreign exchange broker has said.
"Previously, using an ATM was so expensive it was sensible to buy your holiday money in cash and get a fixed exchange rate," explained Elizabeth Dobson, head of private clients at World First.
She went on to say that now, however, with the forecast looking like the pound will enjoy "a bit of a renaissance" against the euro, it may be worth a traveller's while to consider trying their luck with the exchange rate and use a credit or debit card at an ATM once abroad.
However, purchasing holiday insurance should always be taken care of before travelling.
According to figures from the European Central Bank, the pound has seen a 7.38 per cent increase against the euro since June 24th last year.
Youtravel.com reported in June that holidays booked less than four weeks in advance made up more than a fifth of all bookings.
Cheap travel insurance from Direct Travel Insurance could be one way to keep total holiday expenditure down.
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