British exchange rates

THE BRITISH POST OFFICE (PO), a major supplier of overseas currency to the consumer, says that currently sterling stretches furthest in Thailand, which tops its conversion list, followed by Bali and Malaysia.  According to the PO cost barometer the pound will not go far in Europe or the bottom-ranked destination, Australia.  However, demand for Indonesian foreign currency shot up by 54% during the summer, good news for both business people and tourists.  Thailand and Malaysia also offered good deals.  The foreign currency exchange rate in Mexico will get 12% more pesos for the pound than at the beginning of 2009.  The PO points out (naturally) that changing money at the airport or in overseas ATMs means wasting hard-earned cash through costly commission and withdrawal fees. www.postoffice.co.uk/travel_money

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