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Expatriate Insurance News: Wait to change currency to find best value

Expat insurance policyholders who are planning to go abroad soon should hold off on exchanging currency until just before their departure, ABTA – The Travel Association has suggested.

Sean Tipton, spokesman for the organisation, commented: "With the euro and the dollar predicted to weaken next year, it may be advisable to leave changing money until shortly before you travel.

"However, exchange rates are by their very nature unpredictable and it's always a bit of a lottery when you choose," he noted.

Initial forecasts for next year tend to indicate that sterling will do "much better" against the dollar and the euro, meaning expatriate medical insurance customers could get more for their money if they wait awhile before exchanging.

Mr Tipton's comments come after research from travelsupermarket.com found most British people are planning at least one holiday next year, with shorter breaks and long weekends likely to be booked only if holidaymakers can find good deals.

Moving abroad? Get a free quote for your international medical insurance online.

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