Constantly changing exchange rates can confuse Britons that are looking to convert their money for a trip abroad, it has been suggested.
According to senior researcher at Which? Money Dan Moore, the fact that the currency markets have "fluctuated" recently means many people – such as those changing pounds into euros before heading off to holiday cottages in France – are unsure of what to do.
He explained that the price of sterling on the international market has been affected by France, Germany and Japan leaving the recession, but added that there "isn”t really as big difference" between the best and the worst exchange rates.
Mr Moore also urged holidaymakers to avoid paying charges they do not need to pay by purchasing currency online or using a cash machine while abroad.
New figures released by GE Money and Credit Action have revealed that 1.8 million Britons booked a last-minute holiday overseas during July.
