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Currency turmoil stokes Australian holidays

26 January 2009 07:42

Currency turmoil stokes Australian holidays

The value of the pound plummeted to the historically low level of 1.5 dollars last month, as the UK became one of the main casualties of the worsening global economic downturn.

That depreciation had a devastating impact on the affordability of stateside holidays, but according to Post Office Travel Services it's not all bad news for British jetsetters.

Sales of the Australian dollar have risen to their highest-ever level - rising a phenomenal 89 per cent year-on-year in mid-October - with Brits setting their sights on good deals down under.

Helen Warburton, Post Office head of travel, commented: "Sales of Australian dollars usually peak in November and December as the long-haul season gets into its swing - but this year UK tourists seem to have been stocking up much earlier.

She concluded: "It may well be that holidaymakers are switching to a destination where they will get more for their money." ADNFCR-1320-ID-18858581-ADNFCR