More than a decade after the introduction of a single European currency, nearly half of Britons (43 per cent) were still unaware that founding member, Austria, is part of the Eurozone.

Almost a third of the 2000 travellers polled did not know that Turkey – generally considered a cheaper option to traditional European destinations – does not use the euro, while nearly half of respondents believed that Denmark is in the eurozone (it actually uses the Kroner). Three-quarters of Britons were also unaware that Slovakia has adopted the euro.

“Confusion about the most commonly used currencies in Europe is a worrying indication that UK holidaymakers may choose a destination that will cost them more money,” said Andrew Spice of Post Office Travel Services. “People may be well aware that sterling has slumped against the euro but they also need to know which countries do and don’t use the currency.”

With the economic downturn showing little sign of slowing and the euro maintaining its strength against the pound, the ability to identify good-value destinations is becoming increasingly important. Reasearch this week by Travelex found that two-thirds of British holidaymakers believe that getting the best deal on currency is now more important than in previous years.

Britons visiting Poland, for example, will get almost 10 per cent more Polish zloty for their money than a year ago. However, the Post Office research found that only 55 per cent of Britons knew the correct currency for Poland.

“Our survey reveals that a significant minority of people think some of Europe’s cheapest destinations are eurozone members,” added Mr Spice. “However, the exchange rate is more stable and the cost of living much lower in places like Turkey, Hungary and Poland and this will save cash-strapped holidaymakers money.” (Via Telegraph)

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