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Exchange rate: Should you change euros back into pounds if your holiday is cancelled?

If you do wish to exchange the money back because you need it, do keep an eye on the rate you bought your currency at.

“As a rule of thumb if the rate is better than when you bought, sell straight away,” Lynn advised.

“You are unlikely to make a profit as most currency exchange bureaus include a fee, but this will limit any losses.

Lynn also cautioned that travellers should be aware of hidden charges when buying currency.

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