At the moment many Britons are unable to travel under the currency lockdown restrictions which state travelling for leisure is “illegal”.
However, with the Global Travel Taskforce set to be reinstated within the coming months, there is hope ahead for holidays.
easyJet and Skyscanner have already reported a surge in bookings for the summer months after the Prime Minister suggested some international travel may go ahead from May if the Global Travel Taskforce deems it safe and possible.
In anticipation, some hopeful holidaymakers may be looking to take advantage of the current rates and swap money in advance.
James Lynn, co-CEO and co-founder of travel card Currensea, explained: It may be tempting to take out foreign currency in anticipation of a future holiday, while the exchange rate is favourable.
The dollar gained on Wednesday as investors priced for strong U.S. growth relative to other regions, while the safe haven Japanese yen weakened to a seven-month low.
The dollar gained on Wednesday as investors priced for strong U.S. growth relative to other regions, while the safe haven Japanese yen weakened to a seven-month low.
Western Union Expands Global B2B Payments Platform
Western Union Business Solutions, the payments arm of the Western Union Company (NYSE: WU), a leader in cross-border, cross-currency money movement and payments, announced the expansion of its global capabilities, bringing faster and more transparent payment services to business customers. Western Union Business Solutions has integrated SWIFT Global Payment Initiative and increased its international currency options within its WU® Mass Payments API to 130.
Western Union continues to bolster its payment capabilities as the company executes its strategy to advance its leadership in cross-border and cross-currency financial flows.
By integrating SWIFT Global Payment Initiative (GPI), Western Union Business Solutions advances its best-in-class global financial network for a growing portfolio of business customers seeking greater operational efficiency for payments worldwide. As a SWIFT GPI member, Western Union Business Solutions wi
Trending
Vessey continued: Meanwhile, fear of AstraZeneca not being able to perform on the EU’s contracted vaccine delivery and British scientists warning the PM Johnson that the June deadline for total unlock may challenge sterling’s climb.”
International holidays are hopefully returning from May 17 if all goes to plan.
Holidaymakers looking to buy travel money should therefore keep an eye out for favourable exchange rates nearer the time.
Ian Strafford-Taylor, CEO at travel money specialist FairFX said: “With further clarity on travel restrictions set to be announced on April 12, people should start keeping a close eye on exchange rates and be ready to get their spending money when they’re on the up.