Corporate foreign exchange news
Foreign exchange news: World Cup 'won't be cheap'
Monday, 07 December 2009 09:18:39 GMT

Published by Mark Smith-HalvorsenFootball fans keen to support England during the World Cup in South Africa next year should allow themselves a healthy travel budget, Lonely Planet has advised.Commenting on last week's group draw, Tom Hall, travel editor for the guide book series, pointed out that England's group C fixtures are being played in Rustenburg, Cape Town and Port Elizabeth and so supporters should not overlook the cost of travelling the considerable distance between each game.However, fans may be encouraged by the fact that sterling has strengthened to the most favourable exchange rate seen against the rand in years.Indeed, research by Travel Daily News has shown that the cost of ten typical holiday items such as sun cream, a cup of coffee and a three-course meal stands at £46.13 in South Africa, compared to more than £64 in some of the UK's most popular holiday destinations.In a separate statement, Thomson reported a sharp rise in the number of long-haul bookings made by UK travellers as they look to make the most of favourable exchange rates in countries like South Africa.For competitive rates and commission free travel money, visit our Travel FX site

