Long-haul currencies are popular as UK households book holidays abroad

The Post has seen skyrocketing sales of long-haul currencies (Rui Vieira/PA) (PA Archive)

The Post Office has seen a surge in long-haul currency sales as British holidaymakers prepare for overseas jaunts.

Sales of Mexican and Caribbean currencies increased in 2022, according to the Post Office’s Holiday Money Report.

The results were published after the removal of the remaining Covid travel measures.

The strength of the pound against European currencies also means tourists will get their money’s worth closer to home, the post said.

The report’s Global Vacation Cost Barometer from 36 destinations found that resorts in Turkey and Bulgaria tended to offer the lowest prices for bargain hunters.

There are plenty of choices – in Europe Turkey and Bulgaria are the “best buys”, but further afield it will be worth considering Thailand or Mauritius.

Nick Boden, Post Office

Bulgarian lev sales at Post Office Travel Money, which account for one in four British currency transactions, currently exceed those of the Turkish lira by almost 14%.

As a result, the lev jumped into the top 10 best-selling postal currencies for 2022 to 10th place, three ahead of the Turkish lira in 13th position.

The euro and the US dollar remain the currencies most sold by La Poste in 2022, in first and second place respectively.

The Mexican peso ranks ninth in terms of the most sold currencies, rising from 13 in 2021.

The Barbadian dollar (the 11th best-selling currency in the Post this year) and the East Caribbean dollar (14th) are climbing the rankings, the Post said.

Of the destinations reviewed by the Post Office, it said Cape Town in South Africa was the best value for long-haul holidaymakers.

Nick Boden, Travel Money Manager at the Post Office, said: “The strength of the pound sterling is good news as Britons prepare to book holidays abroad but, to make the most of it best bang for their buck, they should not only choose destinations where the pound is doing well, but also where the cost of meals, drinks and other tourist basics are low.

“There are plenty of choices – in Europe Turkey and Bulgaria are the ‘best buys’, but further afield it will be worth considering Thailand or Mauritius.”

Here are the top 20 currencies sold by Swiss Post in 2022 so far, with last year’s ranking in brackets:

1. euro (1)

2. US dollar (2)

3. Australian dollar (4)

4. United Arab Emirates dirham (3)

5. Swiss franc (9)

6. South African Rand (8)

7. Canadian dollar (5)

8. Thai Baht (10)

9. Mexican Peso (13)

10. Bulgarian lev (-)

11. Barbados dollar (14)

12. Polish Zloty (11)

13. Turkish Lira (7)

14. East Caribbean Dollar (16)

15. Icelandic Krona (17)

16. Norwegian krone (20)

17. Hungarian forint (-)

18. Czech Koruna (19)

19. Danish Krone (18)

20. New Zealand Dollar (12)

About Mitchel McMillan

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