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Credit card provider Santander made the suggestion, following the release of a survey that found Britons have returned home with a total of £1.78 billion in foreign currency this year.

According to Santander's survey, the average holidaymaker returned home with £61 in foreign currency.

Of these, six in ten kept the cash for their next trup, while 3% did nothing with it or threw it away, resulting in a lost of £29.8 million when combined.

Callum Gibson, director at Santander Cards, said: "While it's not surprising that Britons are returning from foreign holidays with some leftover spending money, the incredible amount of unused foreign currency floating around the nation's homes is quite unexpected."

He suggested holidaymakers could consider applying for the Santander Zero credit card, which has no foreign exchange rate anywere in the world.

Holidaymakers could also consider purchasing a prepaid card from issuers such as CaxtonFX or FairFX.

These allow travellers to buy foreign currency in advance at a competitive rate.

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