Brits abroad could be shaking off their boozy image, with more choosing to save the last of their holiday currency (36%) rather than splashing out on final cocktails/duty-free alcohol (8%) or a slap up meal (10%), according to research published today by Moneycorp, the foreign exchange provider.

The survey marks the start of Moneycorp’s ‘Top Dollar’ deal at Stansted airport, which offers customers the best exchange rate on US dollars anywhere in the UK. Moneycorp asked over 2,000 adults in the UK how they would spend their last $45 (around £30) on holiday. When faced with ‘the dollar dilemma’, a frugal 36% said they would either save the currency for a future holiday (19%) or convert it back to sterling and save the money (17%).

Customers buying £400 through the Top Dollar deal – available from Moneycorp branches at Stansted Airport – will get up to $45 (around £30) extra to spend on their travels, compared with using the high street. Customers buying £1,000 through the deal will get an extra $90 (around £56).

But it’s not all belt-tightening for today’s British tourists. The survey also found that:

  • Nearly one in five (18%) generous jet setters would spend their remaining currency on presents for friends/ family
  • One in twelve (8%) would splash out on final drinks, with UK men more than twice as likely (11%) to opt for alcohol than UK women (5%)
  • A small number of hedonistic holidaymakers (2%) would spend the last of their currency on something naughty they wouldn’t tell their parents about (such as a strip club or a tattoo (1%) or gambling (1%)

 

How people would spend their last holiday $45

Mark Bessent, Retail Director of Moneycorp said, “Holidaymakers are clearly looking for ways to save on their spending money, and the Moneycorp Top Dollar deal gives travellers to the US a great way to make their money go further, with the best exchange rate on US dollars anywhere in the UK.”

The Top Dollar deal at Stansted offers significant savings to customers buying US Dollars:*

Pounds sterling

Moneycorp exchange rate

US Dollars

Potential saving compared to the UK high street

£400

1.5876

$635.04

$41.84

£700

1.5876

$1,111.32

$63.14

£1,000

1.5876

$1,587.60

$90.20

*Exchange rate at 5th March 2012.

To take advantage of Moneycorp’s Top Dollar deal, visit any of the Moneycorp branches at Stansted airport. Visit www.moneycorp.com/topdollar for more information.

For further information please contact Francesca Rivett-Carnac on Francesca@aabplc.com or call 020 7395 2476

About Moneycorp

  • Moneycorp began dealing in foreign exchange in 1979 from a branch on Oxford Street and has since grown its bureau de change network to 27 outlets. The company now serves foreign tourists and UK residents across London, as well as passengers at Stansted, Gatwick and Southampton airports
  • Moneycorp also offers an online travel money service, so customers can order currency for home delivery, or for branch collection – all at great rates. In addition Moneycorp has launched the world’s first pre-paid card that holds up to 14 currencies, offering customers a safe and secure method to carry their travel money
  • All figures, unless otherwise stated, are from YouGov Plc. Total sample size was 2133 adults. Fieldwork was undertaken between 29th February - 2nd March 2012. The survey was carried out online. The figures have been weighted and are representative of all UK adults (aged 18+). Respondents were asked the following question and provided with a list of answer options: ‘Please imagine that you are on holiday abroad and you only have $45 (which is equivalent to about £30) left to spend...Which ONE of the following are you MOST likely to spend it on?’