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Latin America tops leader board for 'fastest-growing' currencies this summer

Destinations
Jennifer Morris
5 September 2016

Latin America has topped the leader board for the “fastest-growing” currencies this summer, proving true the suggestion that long-haul holidays are the trend-of-the-moment for the UK market.

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Post Office Travel Money’s Fastest Growing Currencies report for the UK from June to August 2016 shows summer currency sales for the Costa Rican colon surged 84% year-on-year, followed by the Brazilian real, which grew 70%.

The latter was undoubtedly boosted by the Rio 2016 Games, as sports enthusiasts journeyed to Brazil to watch the Olympics. Real sales have risen 41% for 2016 to date.

Overall, four Latin American currencies are breaking Post Office records this year.