Thursday, 3 July 2014

Caxton FX Finds Brits Waste After a Holiday

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Caxton FX Finds Brits Waste over £100 Million in unused Loose Change After a Holiday

Caxton FX has found that British holiday makers waste over £100million by not reusing their loose change once they return from an international trip.

In a survey commissioned by the currency card provider, Caxton FX found that 71.9% of people bring back loose change after their holiday; with nearly 25% of all respondents bringing back between £11 and £20. 

Shockingly, 21.1% of respondents were clueless as to how much cash they would bring back after a trip, and women in particular are more likely to be unsure of how much they spent.

Using a currency card, such as Caxton FX, allows travellers to budget accordingly and reuse their spare change on their next trip. "Currency cards differ from debit or credit cards, as there are no fees for making international transactions. Travelers can load their holiday funds onto their card enabling to them to budget accordingly and travel with large amounts safely and securely." 

The survey also found a generational gap in the approach to reusing currency. It seems that youth travellers (aged between 16 and 24) are the least likely to reuse their loose change on their next holiday compared to the significantly more frugal 55+ group which saw 87.8% claim they save their cash for their next trip.

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