1 in 10 Brits Take Wrong Currency with Them on Holiday

 Monday, 23 September 2013

 T24 Prepaid

1 in 10 Brits Take Wrong Currency with Them on Holiday


A new survey has revealed that 1 in 10 of us have made the mistake of taking the wrong currency away with us on holiday, prompting advice for travelers to double check before ordering any foreign currency, or opt for alternative means of taking cash abroad, such as prepaid cards.

The most commonly made mistake by travelers was assuming that EU member states all used the Euro, being unaware that only 17 of the 28 countries that form the EU were using the single currency. The other countries being Bulgaria, Czech Republic, Denmark, Hungary, Latvia, Lithuania, Poland, Romania, and Sweden.

Next mistake is travellers  assuming that Turkey had also adopted the Euro, despite not being a member state.

Outside of Europe there seems to be a little less confusion, as almost all travellers make sure to do their research before going further afield.

The cost of converting your holiday money twice can add significantly to the cost of spending abroad, making it advisable to either exchange your money once you reach your destination as this is often get you the best rate, or to take a prepaid travel money card, taking the hassle out of accessing local currency.