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Travellers heading to Turkey and Egypt ‘confused’ by currencies

Travellers heading to Turkey and Egypt 'confused' by currencies

British holidaymakers booking flights to Turkey and Egypt are getting confused by the nations’ respective currencies.

This is according Stephen Heath, chief executive of FairFX.com, who explained that people travelling to destinations in the countries are less knowledgeable about their currencies.

More people have booked flights to Turkey and Egypt this year to escape the eurozone and take advantage of favourable exchange rates, although it appears that some are having difficulty getting to grips with the Turkish lira and Egyptian pound.

"The [UK] pound has depreciated since a year ago by 18 to 20 percent," Mr Heath explained.

"So people have looked at other destinations like Turkey and Egypt and have less knowledge about the currencies in those countries."

The currency expert went on to say that one of the main reasons why travellers become confused is the varying exchange rates, with many leaving their travel currency "to the very last minute".

A poll from Thomas Cook Foreign Exchange recently revealed that 28 per cent of travellers do little or no research into the daily costs in the countries they are visiting.

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