Ways to avoid a poor exchange rate

Published on 1 January 1970 by Raffick Marday

A weak pound and poor exchange rates can make some holidaymakers think again before jetting off abroad.

Growing concerns about a hung parliament after the summer's general election have pushed the pound to new lows against the dollar this week.

How can you protect your holiday budget from any further depreciation?

Well, prepaid travel money cards can be loaded with local currency and are safer then carrying around lots of cash.

And travel money and travel currency cards can also cut out expensive charges that normal credit cards make on cash withdrawals and general spending abroad.

Holidaymakers are also advised to take a variety of payment methods with them so that the best type can be used in different situations.

If you load up a travel money card with dollars now, you'll protect the value of your holiday money and be sure you know how much you've got to spend, even if things get worse for the pound.

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