Festive travellers offered money tips

Consumers heading abroad this Christmas are being encouraged to get the best value out of their trips.

According to currency exchange firm Caxton FX, consumers venturing to European countries in the coming weeks should consider the potential benefits offered by prepaid currency cards.

Those looking to avoid credit card debt may also be keen to note that the company believes consumers should be aware of the fees that foreign ATM withdrawals can entail.

Meanwhile, holidaymakers are also encouraged to stay alert when it comes to high street foreign exchange deals which may not prove cost effective even if they are advertised as being commission free.

Caxton FX additionally suggests that people should consider their foreign currency needs long before they travel, in order to have a good value break away from the UK.

Meanwhile, Kate Kenward, executive director of the holiday association AITO, recently suggested that the UK may also be proving a good value destination to travellers this year.