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British travellers 'hoard foreign currency'

21/08/2012

British travellers 'hoard foreign currency'

A new study has discovered that as much as £1.6bn in leftover holiday money is lying around in British homes.

The survey from Skyscanner found that 89% of people come back from their holiday with foreign currency left over and the average person has £54 in foreign coins and notes sitting at home.

The poll is based on the responses of over 1,100 British travellers and Victoria Bailie from Skyscanner says that the fact people return from holiday with money left is no surprise but the amounts that they seem to have at home are surprisingly large.

"Many travellers like to keep a few notes and coins as souvenirs but we were surprised at how big that pot of foreign cash is," she said.

"Collectively, it's enough for the UK to buy its own Caribbean island and a fleet of private jets to fly there. So before your next holiday, check those drawers and ensure you take any usable foreign currency with you."

Holidaymakers were found to have an average of £60 worth of euros at home, which may be enough to pay for travel insurance for their next trip. Those returning from the USA have an average of $67 leftover, which adds up to $368m nationwide.

Copyright Press Association 2012

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