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Tourists exploiting surging pound

By Peter Woodman

UK tourists are flocking to destinations where the pound is strong against the local currency, according to a survey.

Based on currency sales, Brazil, Vietnam and Hungary are the most-popular spots for holidays, the survey from Post Office Travel Money revealed.

Boosted by the World Cup, the Brazilian real saw a 215% increase in sales in June-August 2014 compared with the same period last year.

Sales of the Vietnamese dong were up 33% while the Hungarian forint rose 26%.

Other countries where sales of the local currency soared this summer included Trinidad and Tobago (up 21%), Jamaica (19%), Croatia (up 13%), and the USA (up 12%).

Andrew Brown of Post Office Travel Money said: "In a tough year for the travel industry, it may be no coincidence that destinations which made the biggest currency sales gains during the summer – among them Jamaica, the USA and Hungary – have also seen a surge in sterling's value.

"This suggests holidaymakers are becoming increasingly canny and doing their homework to see where exchange rates are favourable. Looking ahead, sterling's continuing strength suggests that European short breaks could be popular this autumn."

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