Holidaymakers 'increasingly' buying currency online
18 March 2009 16:01:00
 |
| Recession causes holidaymakers to research the value of foreign currency. |
According to FairFX.com, purchasing currency before a holiday begins is more cost-effective than on the high street or in an airport.
Stephen Heath, chief executive of FairFX.com, said: "In boom times people didn't worry so much about travel money and left it till the last minute.
"What we are finding in this recessionary environment - as is the case with low cost air fares or travel insurance – is that people are looking to the internet for price comparisons as opposed to the traditional methods of buying currency."
Previous research from holiday provider greenbee.com revealed that 34% of Brits spend a whole day trying to find the best holiday deal compared with 17% looking for their perfect destination.
An additional 14% spend the same amount of time researching the best prices for flights and accommodation.
‹ Back
Other Home Page News
-
Bank withdraws charity credit card scheme
Lloyds Banking Group will no longer offer charity credit cards. -
Smart meters 'will not be compulsory'
Smart meters feed information back to the supplier -
Child SIPPs could turn babies into millionaires
Child SIPPs can provide comfort in retirement. -
Prepaid travel cards 'ideal for gap-year students'
Gap-year students should avoid carrying large amounts of foreign cash.
All Home Page News
Other Travel insurance News
-
Holidaymakers 'in favour of environmental ratings'
Environmental issues are important to many holidaymakers. -
One in five 'still fail to buy travel insurance'
Many Brits risk financial hardship by neglecting travel insurance. -
One in three people 'fly without travel insurance'
Many holidaymakers fail to buy travel insurance. -
Study finds big variation in gap year travel cover
Gap year travellers should compare travel insurance policies carefully.
All News Stories
Product Offers
Please ensure that you fully read the terms & conditions of any product or policy before you decide to proceed and are fully aware of the total costs and the benefits and any exclusions or limitations applicable to the product or plan.
Please note that the product links will take you direct to the Issuer or Insurer's site direct and we cannot be held responsible for the information which they provide within their own sites. On some comparison tables we use a star rating which rates products by visitor popularity.
Please ensure that you fully read the terms & conditions of any product or policy before you decide to proceed and are fully aware of the total costs and the benefits and any exclusions or limitations applicable to the product or plan.
Please note that the product links will take you direct to the Issuer or Insurer's site direct and we cannot be held responsible for the information which they provide within their own sites. On some comparison tables we use a star rating which rates products by visitor popularity.