London – Launched today, the new Travelex Budget Calculator tool is designed to help British travellers calculate an accurate budget for trips overseas. Booking and paying for an overseas holiday is one thing, but working out how much spending money to take is often confusing. With a weakening Pound, past experience is also less reliable and for exotic destinations huge variances apply to the price of basics such as accommodation, eating out or attractions.

The interactive online tool helps travellers budget for their next overseas trip and pack their wallet with the best combination of currency and cards. Foreign exchange specialist Travelex has sourced costs for common expenses and payment methods accepted in some of the most attractive destinations worldwide. The Budget Calculator is free and available at www.cashpassport.com.

Stephen O’Donovan, Regional Director, Travelex commented: “In these cost conscious times, understanding exchange rates and local prices is more critical than ever. While you’re on holiday you don’t want to run out of money, take the wrong product or return home to find you overspent if money’s tight. Using the Budget Calculator and our innovative prepaid currency card Cash Passport together gives travellers the best chance of arriving prepared and sticking to their holiday budget.”

The newly created Travelex Budget Calculator is by no means exhaustive but provides an indicative guide to the cost of holiday basics in more than 50 popular destinations worldwide, from Tunisia and Turkey to Australia and America.

The online holiday budgeting tool lists the price of a beer, burger, breakfast and bed as well as travel passes, attraction entrance fees, and a three-course meal.

The Travelex Budget Calculator also provides advice on the recommended travel money mix between travellers’ cheques, prepaid currency cards, US Dollars and local currency, as well as information on credit card acceptance and ATM access for each country.

For further information or to help budget for your next overseas trip, visit www.cashpassport.com

For further information please contact:

Ana Ansell
020 8415 4325
outsourcing.press@travelex.com

Travelex is the world's foreign exchange and international payments specialist. Operating through subsidiaries and branches in five regions: United Kingdom; Europe, Middle East and Africa (EMEA); Americas and Asia Pacific.

As one of the world's leading providers of outsourced travel money to banks, travel agencies and other retailers it provides products including its prepaid travel card Cash Passport to over three million channel customers annually. Through its world-leading automation Travelex offers consumers a full range of delivery channel options including telephone and web-based ordering.