Britons researching foreign exchange rates in preparation for an overseas trip could also consider getting hold of
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More Britons are likely to start factoring in foreign exchange rates as they decide where they want to go, according to new research from web-based exchange platform FairFX.com.
Trips to Turkey are growing in popularity because the Turkish lira offers one of the best exchange rates, especially since the pound has begun to lose value against both the euro and the US dollar.
Rishi Patel, head of foreign exchange trading at FairFX.com, said: "It is quite a big jump, for example when people have seen the dollar trading a pound to two dollars going back to 1.35 and 1.5 dollars. It is something that is definitely going to become a key factor in holidays and another consideration."
People planning to reduce their expenditure even more when heading overseas can always buy
cheap travel insurance.
Nearly 40 per cent of Britons heading overseas this summer will be travelling within the eurozone, according to figures from Sainsbury's Travel Insurance.
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