Hungary, Croatia and the Czech Republic look set to offer the best value for half term ski breaks this February, outside the Eurozone. Leading travel money provider ICE – International Currency Exchange has identified the top travel destinations where the Pound is currently offering the best value for holidaymakers compared to ICE rates six months ago. The Hungarian Forint comes in top for budget conscious travellers, with the Pound offering over 12% more on an exchange. ICE is also offering its top tips for holiday saving and spending for the year ahead.
Koko Sarkari, COO of ICE, said: “We know holidaymakers can be inventive when it comes to making their money stretch further on holiday but a bit of planning both in terms of ordering travel money and methods of payment overseas can help make budgets go that bit further. It also helps to choose a destination where the Pound is offering better value”.
Those looking for winter snow will see their money go further outside the Eurozone in Eastern European resorts such as Hungary. Long haul destinations beyond Europe offering holidaymakers more bang for their bucks include Japan, Mexico and Australia.
Closer to home, with travellers now getting over 1.30 Euros to the Pound, 8% improvement compared to June 2014, those heading to mainland Europe during the half-term break will also have a bit more cash to splash. Loading a prepaid currency card such as the ICE Euro Travellers Cashcard to pay for skiing holiday costs when rates are favourable can help make your budget go further and offers more security than carrying cash on the slopes.
See attached PDF for currency comparison price table
Source: iceplc.com Travel Money for Home Delivery rates|https://www.iceplc.com/travel-money/exchange-rates
ICE HOLIDAY SAVING TIPS
Early Bird Bookings
Book early to get good deals on flights and accommodation.
Plan to travel mid-week and early flights – that will often save money.
Check with your airline to ensure you are not charged airport tax if taking children under 12. If you have been charged, ask for a refund – a number of airlines are refunding where holidays have already been booked*.
Pay strict attention to baggage allowances if opting for no frills flights so you don’t have to pay extra for luggage.
Package Holiday vs Independent travel
Look at package holidays – they may offer better value than booking hotel and flights separately.
ICE MONEY SAVING TIPS
Plan ahead and shop around
Order cash in advance online where rates tend to be more competitive**. Check for postage costs.
If you’ve left it to the last minute or would prefer not to have your money delivered, look for vouchers such as Click & Collect from ICE, which offer the best rate on the day for Euros and US Dollars from branch locations at convenient transport hubs such as Waterloo station.
Lock in the rate
Consider a PIN protected prepaid currency card to lock in the rate. ICE offers the ICE Travellers Cashcard in Euros and US Dollars.
Check the Terms and Conditions on Prepaid Currency Cards
When you apply for a prepaid currency card, be careful to check the Terms and Conditions. Many prepaid cards have charges that apply for their use and savings made on the rate of exchange could be lost through unexpected fees.
Budget for your spending
Add your holiday spending budget to a prepaid currency card – then you’ll be ready to spend in local currency when you arrive at your destination.
Getting the most from your money
Avoid using credit and debit cards – some debit cards charge 2.5%*** or more for an ATM transaction and the exchange rates may not be favourable.
Say ‘No’ to Dynamic Currency Conversion
If you pay by card, ensure the transaction is conducted in the local currency rather than sterling.
Don’t get lumbered with unused currency
Ask your currency exchange provider what they can offer you on unused currency.
Many FX providers will happily buy back your currency if you have some left when you return, but look around for the best deals.
Key Benefits of the ICE Travellers Cashcard|iceplc.com/cashcard
• 1.5% cashback on all purchases made of £50/$50/€50 or more on the respective cards
• No commission
• Free to obtain if the initial load is £700 or more. £4.75 if the initial load is less than £700.
• Free cash withdrawals from ATMs 1
• Free backup card in case of loss/theft
• Free supplementary Family Cards for up to 2 family members
• Free to top-up the Euro and US Dollar cards 2
• Free balance enquiries either online or at ATMs 3
• Free 7 day same rate buy-back guarantee – funds can be converted back to sterling at the same exchange rate 4
• No penalty fees, e.g. no charge if you fail to use your card for long periods of time, and if you lose your card and need a replacement ICE will replace it for free
• Accepted wherever the MasterCard® Acceptance Mark is displayed 5
1 Some ATM operators and merchants may charge a fee or set their own limits
2 A 2% fee will be levied if topping-up with a credit card
3 Some ATM operators may levy their own charge for checking account balances
4 Up to $100/€100, 7 days from the date of the last top up
5 The card cannot be used for participating in online gaming websites, at casinos or other gambling institutes, or to make regular money transfers
For further press information please contact the ICE Press Office at HSL: Laura Welsh, Parm Heer or Alison Reeson on 020 8977 9132 or email@example.com
Notes to editors:
International Currency Exchange (ICE) has been providing retail foreign exchange for over 40 years and today has over 400 locations in 20 countries, on four continents, conducting one transaction every 6 seconds. Through its retail network, ICE offers a wide range of products and services to support the travelling public’s requirements, including foreign currency and phonecards. ICE’s online products include commission free secure next day home delivery currency and the ICE Travellers Cashcard, an innovative prepaid MasterCard® in £, € or US$, which can be loaded with holiday spending money before travelling, allowing all the convenience of using a bank debit or credit card, but without the risks and charges sometimes associated. iceplc.com|Find ICE on Facebook /iceplc and follow them on Twitter @icetravelmoney
R. Raphael & Sons plc (Raphaels Bank) is the issuer of the ICE Travellers Cashcard and is a Bank authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Raphaels Bank is a leading issuer of prepaid cards in Europe with over 4 million cards issued through 20 partners across 14 European Countries with over 140 programmes ranging from gift cards to full Chip & PIN cards to mobile technology payment solutions. raphaelsbank.com
This press release was distributed by ResponseSource Press Release Wire on behalf of Harrison Sadler in the following categories: Home & Garden, Personal Finance, Travel, for more information visit https://pressreleasewire.responsesource.com/about.