We have already seen currency sales by Travelex and the Post Office on their top selling currencies such as the Euro and US Dollar and we are due to see more in the coming month. As you can imagine the winter is a lean time for holiday money providers and especially this side of Christmas when household budgets are squeezed more than usual.
Most providers make their money during the school holidays and but this school term is a long one and not many people feel the need for a foreign holiday in the October half term so soon after the summer and the UK weather can be very kind to us in the autumn. The only light on the travel money specialists horizon is the skiing season.
I am not going to discount skiing in Scotland but the travel money industry is looking to visitors to Achensee, Chamonix, Courchevel, Fuschlsee, Les Arcs, Seefeld, Tignes and Val d Isere to boost their sales of Euros just as Big Sky, Jackson Hole, Killington, Lake Tahoe and Stowe drive the American Dollar market. You will also see promotions of Swiss Francs (CHF) featuring frequent references to Lago do Lugano and Lake Geneva and Mont-Tremblant in Canada (CAD).
This is a marketing machine that is gearing up for a four month long skiing season and want to capture your pound now before you check out the competition. When you do see sales promoted, and we will let you know as soon as we know of any, you should still make sure to check if that rate is as good a deal as it appears. Some companies sales rates are worst than the every day rates of other providers. It always pays to compare holiday money deals right across the board (no pun intended)