Just two percent are using 'currency cards' while on their holiday, FairFX has claimed.
British holidaymakers are spending more than they need to on holiday - despite two-thirds claiming to "watch every penny" while they are overseas.
According to FairFX, despite their best intentions many travellers are paying over the odds when getting their foreign currency for their trips. Just nine percent told the firm that they checked price comparison websites before they made the purchase - thereby finding out where to get the best exchange rates.
Meanwhile, 29 percent said that they made withdrawals from cash machines while abroad. These transactions are subject to extra fixed or rate-based charges from many providers.
FairFX also showed that 98 percent of travellers did not use pre-pay "currency cards" to manage their holiday spending. This method was earmarked by the currency firm as representing the lowest-cost option for holiday spending.
Stephen Heath, chief executive of FairFX, said: "A family of four could have an extra $300 or €200 to spend on their holiday this summer if they used a pre-paid card, more than enough to pay for a day's entry for the whole family to Disneyland in Paris or Orlando."
He added: "Many of us might intend to look for the best deals, but when it comes to the crunch people aren't making the effort to get the best bang for their buck."
