New reports now show that many UK travelers could be hoarding loads of foreign currency. Some studies suggest that UK holidaymakers could be sitting on a sack of cash worth more than £800 million in forgotten foreign currency. The report goes on to say that this is the same as 350,000 return flights to New York, or 1.5 million family holidays in Spain.

The study goes on to show that, on average, each UK traveler could be sitting on the equivalent of about £40 in unspent holiday money that is most likely left over from a previous trip. This study, which was conducted on more than 1,000 travelers, showed that only about 18 percent of UK travelers make a concerted effort to change their money back to UK money if they have any left over from a holiday overseas.

To put it simply, the result shows that 28 percent, or about six million British adults, are not changing their unspent money back to UK money at the end of their trip. About one in ten of these people say they are simply too tired to do so. Another eight percent of these people feel like they do not have enough time to convert their money back. Even two percent of these travelers, or more than 417,000 Brits, say they have no idea where to even go to convert their money back.

Overall, the most popular reason for people not changing back their unused foreign currency was due to commission charges that can be charged for concerting money. Over half of all Brits, about 53 percent, say they avoid changing back their money due to this reason. However, many of them are unaware that they can simply get a buy back guarantee offer by many foreign exchange services. This guarantees that the holidaymaker can have any unused currency left over from their holiday bought back commission free.