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Ukash survey reveals 15% of traveller’s book getaways to cash in on good exchange rates

As the Pound reaches a seven-year high against the Euro, new research from the Ukash Travel Money Prepaid MasterCard card reveals that people will see this as a good reason to book a break, despite the fact that there’s no guarantee the rate will stay strong for when they actually head abroad. However, it is not always the strength of the Pound that prompts a trip away, as one in five people are driven by jealousy and will book a trip when their friends and family are starting to plan their getaways.

One way to beat a drop in exchange rates and get ahead of friends and family is to load funds onto the Ukash Travel Money car whilst the pound is strong. This way travellers can get the most out of their holiday budget regardless of what the rate is doing when they travel.   

When it comes to travel booking behaviour, the Ukash research shows that 32% of people describe themselves as a ‘bargain spotter’, but only 7% say they are ‘last minute bookers’. However, 27% think of themselves as ‘forward thinkers’ and prefer to plan their trip. Over a quarter (28%) book their holiday three to six months in advance and 24% are prompted to book a trip away when they get a bonus or pay rise.   

“It’s interesting to see how much the strength of the Pound appears to influence people’s holiday bookings”, explains James Allum, Chief Commercial Officer at Ukash.  “Of course it makes sense, as favourable rates give travellers more spending power, but it’s still important that holidaymakers protect their budgets by making the most of the strong Pound by loading funds onto a Ukash Prepaid Travel Currency card.  

“Now is a good time to book a trip to the Eurozone, as Sterling rose 1%, hitting €1.40 for the first time since December 2007. This means UK travellers have 15% more to spend in the Eurozone, than they did this time last year. The Ukash Travel Money card offers a safe, easy and secure way to make holiday spending money go further.  The card guarantees the best FX rates, and with no fees for usage or access to ATM withdrawals abroad, it’s the smart way to spend.”

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