Britons could suffer financial losses as the result of fewer holidays warns expert

Along with using travel money cards, Mr Strafford-Taylor also recommends planning as far in advance as possible.

“As with all trips – whether abroad or closer to home – it always pays to plan ahead wherever possible,” he said.

With travel corridors rapidly changing, and local lockdowns wreaking havoc on plans, some experts suggest changing travel money in two parts, rather than in one lump sum.

“Many people buy their holiday cash at a time when the rate is favourable even if that is months ahead of their actual trip,” said Paul Brewer, CEO of Currency Online Group.

“In normal times, this is very sensible as it locks in a good rate meaning they get more for their money.

“However, with unexpected changes in the quarantine rules week by week and with so much other uncertainty, this can leave you stuck with thousands of pounds worth of currency you can’t use.”

He advised: “The best thing for people to do is to buy half of your travel cash early at a good rate,” continued the travel money expert.

“Then nearer the time of your holiday, weigh up the risks and potential for disruption to your travel plans.”