Holidays 2019: Experts reveal cheeky currency trick that bumps up your holiday bill

Holidays 2019: Experts reveal cheeky currency trick that bumps up your holiday bill

Holiday spending money is often saved up by travellers ahead of their vacation. With lots of exciting places to explore, attractions to make the mo

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Holiday spending money is often saved up by travellers ahead of their vacation. With lots of exciting places to explore, attractions to make the most of and luscious food to try, time overseas can be quite costly. What’s more, for those travelling in large groups or with families, the prices can soar. Travel experts have now shone light on a currency trick sometimes used in bars and restaurants abroad which could represent hidden costs for holidaymakers.

Experts at holiday specialists On The Beach opened up on the strategy they term dynamic currency conversion.

It came as part of a survey which showed six per cent of travellers had never actually used foreign currency when holidaying abroad and instead relied solely on credit or debit cards.

Meanwhile, only seven per cent plumped for pre pay currency holiday cards.

Finance expert Sue Hayward warned of the dynamic currency conversion trend and the dangers for Britons, and said: “If you’re paying by card, shops and restaurants may offer to switch the bill into pounds, but just say no!

“This is known as ‘Dynamic Currency Conversion’ and bumps up the bill.

She added: “Protect your cash. Check travel insurance limits, only take what you need out with you each day, and keep spare cash locked in the hotel safe.

Alan Harding, Marketing Director at On the Beach said: “Our survey shows that many British holidaymakers could save money when they travel abroad, simply by planning ahead and shopping around for the best options.

“It’s easy to underestimate the impact that exchange rates and credit card costs might have on our overall holiday spending.

“This research will help to highlight the staggering amounts of hard-earned cash that people can save enabling travellers to get the very best value from their holiday.”

Meanwhile, another money saving technique travellers could use is to collect Avios points.

The points are accrued from something as simple as a shopping trip yet can be spent on lavish holidays and vacation perks, making them much-loved by holiday-lovers.

They can be collected by business travellers and those heading overseas for leisure alike.

Points can not only be spent on flight routes but additions such as hotels, car hire and days out.

Some airline companies such as British Airways offer some flyers particular perks, as well as easier ways to collect them, courtesy of an Avios credit card.

The Avios points can be used to pay in full – and in part – the costs of flights.

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