On July 1st 2013, Croatia became the 28th member of the European Union. According to the latest sales reds, from the Post Office Travel Money, the country will become the hottest place to travel to this summer.
Post Office Travel Money has said that there is a 55% increase in demand for the Croatian Kuna, this year between the months of January and May. The demand is still going higher as the demand for the Kuna increased to 61% in May. The currency is now placed 6th, in the Post Office best sellers chart, a place it has never achieved in the past.
The performance of the currency in 2013 is an indicator of the increasing popularity of Croatia amongst UK holidaymakers. For the past 5 years, the Post Office has seen a steady increase in the sales of the Kuna in its High Street bureau.
According to a recent Post Office Holiday Money report, dates January 2013, the demand for the Kuna has doubled between 2007 and 2012. In the year 2012 alone, the currency showed a 43% increase in year-on-year value.
Although the Kuna is almost 5% greater than the Sterling, the Post Office Holiday Costs barometer found that prices of resorts in Croatia were lower than those of other European destinations. The costs of staying in a resort were higher in Nice, France, Tuscany and Sorrento in Italy, Sliema in Malta, and Bodrum in Turkey.
According to Andrew brown of Travel Money, Croatia has attained the position of being vogue in Europe. In recent times, the demand for the Kuna has increased sharply, and the increase of 55% caught many by surprise. This was against the steady increase in demand over the last five years. The latest surge in demand is an indication of the popularity of the country as a holiday destination.
It is now clear when Croatia will enter the eurozone, although it has applied for membership. People travelling to the country on holiday should realize that the Kuna is the official currency and not the Euro. According to the Foreign and Commonwealth office, about 300,000 British nationals visit the country annually.
Other articles you might like;