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$832 million of forgotten cash stashed in Australians’ drawers

July 31, 2013 Social Media No Comments Email Email

Leading travel search website Skyscanner has found that a whopping $832 million in foreign currency is lying dormant in Australian homes.

Australian travellers who took part in the research were asked if they had any leftover foreign currency at home and, if so, how much they thought it was worth. The research found that travellers came back with not only souvenirs and several weeks’ worth of laundry, but also an estimated $104 of foreign coins and notes.

Overall, Australian travellers said they had indeed returned from overseas with foreign cash left over from their trips, with almost a third of participants stating that they believed the cash to be worth $100 or more.

On the flip side, 19% of Aussies blew most of their cash while overseas, stating that they believed to only have less than five dollars’ worth of foreign currency at home.

While the recent high Australian dollar has encouraged a large amount of Aussies to travel to the US (819,000 visitors) and Europe (487,000 visitors) in the last 12 months, it seems that Australians like to hang on to a bit of cash upon their return. 32% of Aussies have returned with a wad of US greenbacks in their wallets, 27% with Euros and 22% with British pounds.

Dave Boyte, Market Development Manager for Australia and New Zealand, commented: “Travellers may intend to spend the last of their holiday cash at the airport, but may simply forget or run out of time. Many like to keep the cash as a souvenir of their trip or as an added incentive to visit the country again.”

How much cash do Australians have lying around in their sock drawers?

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