Vietnam, Brazil and Mexico top holiday hotspots chart in summer 2012
Following a cluster of new beach resorts and the introduction of direct flights last December, the number of people jetting off to Vietnam on their holidays has seen a huge rise.
prepaid cards on holidayWith year-on-year growth of 68% in currency sales, the country tops the list of Post Office Travel Money’s Fastest Growing Currencies report for June to August.
While British holidaymakers are finding the allure of the Far East hard to resist, the same can be said for Latin America, with Brazil and Mexico also ranking highly.
Brazilian currency sales have soared by 66% over the summer months. Demand may well have been driven by the prospect of the 2016 Olympic Games, which will be hosted in Rio de Janeiro.
Sterling now buys 25% more Brazilian real than a year ago, which has made the destination substantially cheaper.
Mexico currency sales at the Post Office grew by a staggering 144% last year, and this year it has seen a further year-on-year increase of 40%.
According to the report, the winter sun season looks bright for the Latin American country, with flight choice likely to result in stronger competition for bookings.
The powerful pound has fuelled demand for Eastern Europe, which has seen Hungary in particular reap the benefits.
For the majority of the year, sterling has been over 20% stronger than it was in 2011 against the Hungarian forint, which has led to sales of the currency growing by 59% between June and August.
Rising currency sales – which peaked at 76% in August – coupled with its famous Christmas markets suggest that Budapest could enjoy a busy autumn.
Anyone thinking about chasing the sun this autumn or winter may want to avoid changing money at the airport as they could get a poor exchange rate.
Buying currency in advance or taking a pre-paid card is generally a much better way to stay on top of your budget whilst abroad.