The Post Office Gives Foreign Exchange Rate Boost for Travellers to China with New Chinese Yuan Travellers Cheques

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Post Office Travel Money guarantees new Yuan Travellers Cheques will attract the best foreign exchange rates for the Chinese currency.

The introduction of the new American Express Chinese Yuan Travellers Cheques exclusively at Post Offices across the UK, is expected to provide a further boost to the Chinese Yuan foreign currency following a 13 per cent year-on-year sales increase at the Post Office during the first half of 2010. This increased interest during 2010 adds to the dramatic 434 per cent increase in sales of this foreign currency at the Post Office between 2005 and 2009.

The introduction will enable UK travellers planning trips to China to carry their travel money more securely, whilst also attracting the best foreign currency exchange rates for the Chinese Yuan across the UK. The China National Tourist Association has revealed that over half a million people made trips to China from the UK last year, almost half of these were leisure tourists.

The new Yuan Travellers Cheques will also make it a more convenient way for travellers to carry their travel money as the new 500 Yuan Travellers Cheque is worth around five times as much as the largest Yuan cash denomination. Post Office customers' taking travel money in the form of American Express Travellers Cheques have the peace of mind that it will be replaced within 24 hours if lost or stolen. Also American Express Travellers Cheques do not have an expiry date so this form of travel money can be used on all future trips.

Sarah Munro, Post Office Head of Travel Money said: "The Chinese Yuan has been one of the fastest growing foreign currencies at the Post Office in recent years with an increase in sales outstripping any other foreign currency and the pattern for 2010 confirms that demand is still on the increase."

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