Survey shows Indian travellers save dollars for future trips

A survey by travel search engine Skyscanner has revealed that Indian travellers save foreign currency worth atleast Rs 1,400  on their foreign trips.

The US dollar was the most popular foreign currency stored at home with 28% of travellers admitting to stocking it post a holiday or a business trip, the Skyscanner survey says.

The survey reveals that not all holidaymakers believe in spending their foreign currency on shopping and would rather bring the extra holiday cash home. Out of the 1,000 Indian travellers surveyed, on an average, Indian travellers had foreign currency worth an estimated Rs 1,400 lying at home unused.

The survey further revealed that the most ‘common’ foreign currencies after the US dollar found in Indian travellers’ homes were the Euro, British Pound, Singapore and Australian dollars. Out of the unused holiday cash, majority (41%) of the travellers believed their foreign currency to be worth more than Rs. 2,000 whilst 17% said it equated to less than Rs.250.  

Kavitha Gnanamurthy, Skyscanner’s Market Development Manager for India, commented, “It is clear that not all holiday makers believe in splurging their foreign currency but would rather bring it back with them in the hopes that it might come in handy in the future.  With the depreciation of the Indian currency in the last six months, saving holiday cash can be the wisest decision that people can make now.”