Travellers flock to dollar-weak US
26 January 2009 11:29
Holidaymakers are increasingly heading across the pond to take advantage of the weakness of the US dollar, it has been revealed.
Exchange service Currency UK said that travellers are jetting in to the States for holidays – often splashing out on shopping on arrival.
Despite the US always being cheaper than the UK it seems holidaymakers are "psychologically" believing it has become even more so in recent years.
Adrian Jacob, trading director for Currency UK, said: "Realistically, the States is a much cheaper place than the UK anyway… the reality is that [the exchange rate has] been at 1.90 for the last year, so a move of ten per cent on the amount that people are going to the States for five days with, isn't actually a hugely massive difference – but obviously it's a psychological thing."
Many people who visit New York City do so to take advantage of the shopping on offer but this can often mean filling their luggage up with expensive goods.
Travel experts warn holidaymakers to ensure have adequate travel insurance to cover their luggage in case it is lost or stolen.