Long-haul looking up for UK holidaymakers
1 May 2014
- Pounds hits four-year high against Emirati Dirham, Thai Baht and Hong Kong Dollar
- Sterling strongest against the US Dollar since August 2009
- Holidaymakers can pocket up to an extra £86 for every £500
The Pound is now at a four-year high against the Emirati Dirham, Thai Baht and Hong Kong Dollar - as it also continues to strengthen against the US Dollar.
This follows recent news that the UK economy is growing at the fastest rate in six years, with the US Central Bank's recent announcement to keep interest rates low also dampening the US Dollar, meaning UK holidaymakers heading to the US are the best off they've been in five years.
David Swann of Travelex comments: "With many Brits now booking their summer holiday, the Pound's boost means they can plan extra activities or even consider staying away for longer. Compared to only eleven months ago the Pound has increased 12% against the US Dollar, meaning holidaymakers receive an extra $87 for every £500 exchanged. Those heading to United Emirates, Thailand or Hong Kong will be able to pocket an extra 317AED (£53), 4,422THB (£86) and 659HKD (£52) on exchanging £500 versus eleven months ago."
Those keen to lock in today's exchange rates can do so easily and securely using a Travelex Cash Passport. Users can top up their card online and then keep their currency safe at home and abroad: the card is chip and PIN protected and is not connected to a bank account, providing peace of mind against the threat of theft.
Travelex is the world's largest foreign exchange specialist with almost 1,500 stores and 1,250 ATMs across 27 countries, at key airport, seaport, rail and tourist locations. Over 40% of travellers - 1.7 billion passengers a year - pass through airports where Travelex operates including the major gateways at Amsterdam, Beijing, Frankfurt, Hong Kong, London, Mumbai, New York, Paris, Sydney & Tokyo. Every hour, Travelex provides foreign currency to more than 2,000 customers.