UK's sun worshippers look to be heading east this winter

Updated: 

Four south-east Asian countries are set for a spike in demand from UK holidaymakers seeking winter sun, according to a study.

The currencies of Thailand, Vietnam, Indonesia and Malaysia were among the top 10 with the biggest growth in demand this summer, Post Office Travel Money reported.

With the pound reaching an eight-year low against the euro, many travellers are heading east to take advantage of better exchange rates and lower costs for accommodation and meals.

Thai baht sales between June and August surged 69% compared with the same period last year.

The Vietnamese dong was up 29% year-on-year, while sales of the Indonesian rupiah and the Malaysian ringgit increased by 13% and 7% respectively

But none of the South East Asian currencies could match the performance of the New Zealand dollar, as rugby fans supporting the Lions fuelled a 124% rise in demand.

Andrew Brown of Post Office Travel Money said: "Looking forward to the autumn and winter, there is every reason to expect that UK tourists will head east for long haul holidays if our summer currency sales are anything to go by.

"Savvy travellers know that prices in Thailand, Bali, Vietnam and Penang (Malaysia) are cheap and in times when the value of sterling is uncertain, low resort costs are proving a big draw."

:: Here are the fastest growing currencies of the summer according to Post Office Travel Money (year-on-year increase in demand in brackets)

1. New Zealand dollar (124%)

2. Thai baht (69%)

3. Croatian kuna (33%)

4. Vietnamese dong (29%)

5. Indonesian rupiah (13%)

6. UAE dirham (11%)

7. Polish zloty (11%)

8. Canadian dollar (8%)

9. Malaysian ringgit (7%)

10. Kenyan shilling (3%)