Vacationers plan the ‘trip of a lifetime’ as currency sales surge
Some vacationers appear to be planning the trip of a lifetime amid a surge in currency sales, according to the Post. The Post Office is seeing signs of “pent-up demand”, potentially reflecting people preparing to travel overseas for the first time since the coronavirus pandemic began.
Its latest travel money holiday index showed sales growth in a range of currencies in the first three months of 2022 compared to the first quarter of 2020. Strong growth in currency purchases for Croatia and the islands of Caribbean suggests that these should be the destinations of choice, the Post said.
He said sales of most currencies have accelerated since the start of the year, with purchases of Croatian kuna up 137% in the first quarter of this year compared to two years earlier. Caribbean currencies also saw high levels of growth, including the Barbados dollar and Jamaican dollar, the Post said.
Strong increases were also recorded by the Mexican peso and the East Caribbean dollar. Nick Boden, Head of Travel Money at the Post Office, said: “We are used to seeing a spring surge in sales of Croatian kuna, but the rise in March was unprecedented, indicating that Croatia is set to experience another very successful year.
“We have also seen an extraordinary increase in sales of Caribbean and Central American currencies in 2022. This suggests that pent-up demand is prompting many Britons to plan unforgettable holidays to some of the world’s most ambitious destinations.”
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