Four Far East destinations have shown the biggest growth in Post Office Travel Money’s list of popular currencies this summer.
Thailand, Vietnam, Bali and Malaysia fill four of the top 10 growth slots for June, July and August, reinforcing a wider trend this year.
Research by the foreign exchange supplier revealed a 69% surge in demand for the Thai baht year-on-year this summer, while for the first eight months of 2017 demand was up 31%.
Similarly, Post Office sales of the Vietnamese dong surged 29% for the June-August period and have risen 28% in 2017 to date, while the Indonesian rupiah made summer gains of 13%, which contributed to a 40% rise to date.
Demand for the Malaysian ringgit rose 7% during the summer and 18% for January-August.
Post Office Travel Money’s Andrew Brown said the trend would continue. “Looking forward to the autumn and winter, there is every reason to expect that UK tourists will head east for long-haul holidays if our summer currency sales are anything to go by,” he said.
“Savvy travellers know that prices in Thailand, Bali, Vietnam and Penang are cheap and in times when the value of sterling is uncertain, low resort costs are proving a big draw.”
