A study conducted for the Post Office claims that holidaymakers who buy euros at British airports rather than on the high street waste £16 on the average transaction.
The analysis found that most travellers tried to change an average of £10 yet on passing their cash across the counter had to give a further £6 to avoid being prosecuted.
In this crazy plastic age, most of the exchanges were for small change on arrival the other end. The Post Office has since introduced a new service whereby its customers can post £10 and receive the equivalent sum in the currency of their choice at the arrivals gate with no commission deducted.
It expects the service to prove popular, despite the £16 postage charge applied for this unique service.
