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Kiwis cash in on Brexit

Author
NZME staff,
Publish Date
Sat, 25 Jun 2016, 8:33PM

Kiwis cash in on Brexit

Author
NZME staff,
Publish Date
Sat, 25 Jun 2016, 8:33PM

New Zealanders are already cashing in on Brexit.

A currency exchange chain is reporting record high numbers of people through its doors today, and travel agents say inquiries into holidays in the UK and Europe have increased.

The falling value of the pound has created a favourable exchange rate for those travelling to the United Kingdom.

Travel Money NZ boss Scott McCullough said the company's stores have been swamped with New Zealanders wanting to buy pounds.

Flight Centre New Zealand managing director David Coombes said stores around the country have fielded many inquiries today for travel to the UK and Europe.

The Kiwi dollar fell to US69.84c at 5pm yesterday, from as high as US73c when Brexit voting closed at 9am yesterday New Zealand time and down from US71.80c late on Thursday.

The local dollar surged as high as 52.88 British pence, the highest in almost three years, from 48.55p on Thursday.

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