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Holidaymakers planning ‘trip of a lifetime’ as currency sales surge

City Kings Holdings by City Kings Holdings
April 15, 2022
in Currency
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Holidaymakers planning ‘trip of a lifetime’ as currency sales surge
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Some holidaymakers appear to be planning the trip of a lifetime amid a surge in currency sales, according to the Post Office (Peter Byrne/PA) (PA Archive)

Some holidaymakers look like planning the journey of a lifetime amid a surge in foreign money gross sales, in keeping with the Submit Workplace (Peter Byrne/PA) (PA Archive)

Some holidaymakers look like planning the journey of a lifetime amid a surge in foreign money gross sales, in keeping with the Post Office.

The Submit Workplace is seeing indicators of “pent-up demand”, doubtlessly reflecting folks gearing as much as journey overseas for the primary time for the reason that begin of the coronavirus pandemic.

Its newest journey cash vacation index confirmed gross sales progress in a spread of currencies within the first three months of 2022 in contrast with the primary quarter of 2020.

Sturdy progress in purchases of currencies for Croatia and the Caribbean islands suggests these are set to be the locations of selection, the Submit Workplace stated.

We’re used to seeing a spring surge in gross sales of the Croatian kuna, however the rise in March was unprecedented

Nick Boden, Submit Workplace

It stated gross sales for many currencies have been accelerating for the reason that begin of the yr, with purchases of the Croatian kuna up by 137% throughout the first quarter of this yr in contrast with two years earlier.

Caribbean currencies have additionally seen excessive ranges of progress – most notably the Barbados greenback and Jamaican greenback, the Submit Workplace stated.

Large rises have additionally been charted by the Mexican peso and East Caribbean greenback.

Nick Boden, Submit Workplace head of journey cash stated: “We’re used to seeing a spring surge in gross sales of the Croatian kuna, however the rise in March was unprecedented, indicating that Croatia is about to have one other extremely profitable yr.

“We now have additionally seen a unprecedented rise in gross sales of Caribbean and Central American currencies in 2022. It means that pent-up demand is leading to many Britons planning holidays of a lifetime to a few of the world’s most aspirational locations.”



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