Brits abroad are still confused over European currencies

25 Jun, 2015

As many people are set to head off to Europe for their summer holidays, a new research from travel insurance has shown that many will be packing incorrectly, with one in 10 respondents admitting that they had gone on holiday with the wrong currency.

The introduction of the Euro in 1999 made travel in Europe easier – rather than needing to have separate currencies for each country, it was now possible to use one currency across several parts of Europe. Many people have been caught out as they assume that all European countries will always take Euros

One example that commonly confuses holidaymakers is Turkey, where the official currency is Turkish lira. Holidaysafe’s survey results found that over half (58%) of respondents would take Euros when going to Turkey.

Croatia, a popular destination for festival-goers and beach-lovers alike is a member of the EU, and is often mistaken for a Eurozone country when the currency is the Croatian kuna. Holidaysafe data found that almost one in 10 of people had admitted to taking Euros to Croatia.

Almost one in seven (13%) of those who had struggled with currency stated that they had had trouble with popular wedding destination Cyprus, with confusion between using the Euro in Cyprus and Turkish lira in the Turkish Republic of Northern Cyprus.

A spokesman for Holidaysafe said:“Cash can prove to be extremely useful when going abroad, especially if you are travelling to Greece with the current threat of the ‘Grexit’. Holidaysafe recommends that you check the cash limits on your travel insurance policy to make sure you are adequately covered and consider taking out a travel insurance policy with a higher level of cover for cash if you are planning on carrying large amounts of currency. Precautions such as always keeping cash in a locked safe or keeping it on your person should always be taken.”