“Undoubtedly, there may be people who are worried about the impact of Brexit on their holidays as 35 percent of Brits have already lost out when exchanging money due to the fluctuation of the pound in light of Brexit.
“However, there are still many ways that you can ensure that you don’t fall victim to any ‘travel money pitfalls’ this year.”
One way is to monitor the pound to euro exchange rate. “With the peaks and troughs of the pound in light of Brexit, it’s difficult to plan when to buy your holiday money,” said Stross. “Our research has unveiled that nearly 12 million people have no idea how to plan their foreign currency due to the impact of Brexit.
“To try and keep ahead of the fluctuations, and even make the most of them, there are several rate alert systems you can use. Our Smart Swap feature is one example of these.”
It’s also well worth not buying all your euros in one go. “We’ve also done research that shows nearly half of Brits buy all their travel money in one sitting,” explained Stross. “It can be wise, however, to exchange half your holiday money now and half closer to when you go or if the pound strengthens.