Wednesday, September 28, 2011

Post Office currency sales remain stable in the face of the economic downturn

11 September when news of the XL-crunch and compared with the same period of six days (11-16 September) in 2007. This shows a healthy increase in sales for all major currencies. Euro turnover rose by 6 percent while the demand for the US dollar, which greatly increased in value against sterling in recent weeks, is by more than 12 percent.

Meanwhile, the Egyptian pound and the Turkish lira, between the currencies of British tourists this year, fastest growing up by 24% and 20% respectively.

And this year the fastest growing foreign currency, the Koruna, the steady increase in sales-up to 34% over the same period of six days in 2007.

Helen Warburton, head of post Office travel services said: "September sales has been under the most resilient this year, show no sign of the downturn that could be expected owing to the credit crisis.

"It wouldn't have been a surprise to see a dampening in question after collapse and the continuing crisis last week XL for the economy of the US and UK, but there is no clear sign of this so far. The euro and the us have continued to sell very well, despite the dollar weakness of sterling, and sale of foreign currency are to jointly across the Board.

The post office recalls customers who purchased for their holidays and currency are not able to travel thanks to the XL collapse, that they can receive a full refund on their purchase. For more information on their travel money claim, customers should contact our customer service on 08457 223344 (and select option 4).

Note to editors:

Post Office Travel Services check currency sales on a regular basis for changes in the consumer

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