World Cup fans 'should purchase currency early'

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World Cup fans 'should purchase currency early'

Football fans who are travelling to South Africa for the World Cup next year should follow the currency rate carefully, according to Marks & Spencer (M&S).

The financial services provider is advising those travelling to support England in the competition to keep track of the exchange rate between sterling and the rand, the currency in South Africa.

In the previous 12 months, the exchange rate between the two currencies has changed by as much as 3.3 rand per pound.

As fans will already be spending large sums on flights, game tickets and accommodation during their stay, it is important that they do not lose out on the exchange rate.

James Yerkess, M&S head of travel money, said: "Those who buy all their currency in one go next summer could find that the rand rate is particularly strong against sterling."

The travel currency report published by the company in October revealed that in the third quarter of 2009, Turkish lira was the third most popular currency, after the euro and the US dollar.

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