Tourists should check exchange rates before picking up their holiday money, one organisation has claimed.

Holidaymakers heading to Egypt have been advised to plan ahead when it comes to buying currency.

According to Post Office Travel Money, exchange rates can differ significantly depending on when and where the foreign currency is purchased.

It says that those who have booked flights to Egypt and want to buy currency could find that they receive as little as 7.26 Egyptian pounds or up to 7.56 Egyptian pounds for £1 if they make the wrong or right decision over where to get their cash.

Leaving it to the last minute to buy currency could also lead to less favourable rates than if the holidaymaker had purchased it ahead of time.

“UK tourists who don’t check the rate offered for the currency they need could end up with less money to spend on holiday,” commented Sarah Munro of Post Office Travel Money.

Most British travellers are adapting their holiday plans in 2010 in order to save money, according to a study carried out by Post Office Travel Money earlier this year.

Written by Alex Cochrane

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