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By Holly Black for the Daily Mail. Value of the pound plummets', 'url': Holidaymakers are stockpiling travel money as the value of the pound plummets. Currency brokers, including Hifx and Asda Money, have been bombarded with orders for holiday cash from families worried that costs will soar before their Easter or summer breaks. Currency brokers have been bombarded with orders for holiday cash from families worried that costs will soar before their Easter or summer breaks. Darren Kilner, of FairFX, another foreign exchange firm, says: Customers are fearful about the impact the EU referendum might have on their holidays.

Last week, sterling fell to its lowest level against the dollar since the financial crisis in Experts say the pound could collapse in the countdown to the EU referendum on June David Buik, a respected financial commentator at stockbroker Panmure Gordon, says: However, I expect sterling to enjoy a sharp rebound before too long.

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So should you join the holiday money stampede and pack your euros and dollars in advance, or wait until the pound booms again? We asked a panel of experts without any vested interest in selling you currency, and the consensus was that buying some but not all of your holiday money now might be a wise move.

Justin Urquhart-Stewart, founder of investing firm 7 Investment Management, says: I cannot see why the pound will get any stronger. Families heading to the Alps for a ski holiday over Easter could save some money by spending wisely.

David Black, founder of financial analyst DJB Research, says: However, the experts also suggest treading cautiously. Ben Yearsley, director of Wealth Club investment advisers, says: But the flipside is that it will rally if we vote to stay. Maike Currie, investor director at Fidelity, says: There are several ways to lock into exchange rates in advance.

One is by buying the foreign currency you will need in cash and storing it safely until you go abroad. You should use a comparison website such as moneysuper market. Alternatively, you can book your currency in advance if you are travelling soon. When you order the currency over the phone or online, you lock into the rate that day and can collect the cash later, either at a branch or at the airport.

Moneycorp, for example, allows you to book four weeks before you travel. You should also consider loading cash on to a prepaid currency card in euros or dollars.

Most currency cards have no extra fees for withdrawals or spending — although there is often a charge if you withdraw any cash while you are still in the UK. If you would rather take your chances with currency rates, or are not in a position to buy foreign currency today, make sure that you use the right card when you are abroad.

The Halifax Clarity credit card has no charges on spending or cash withdrawals — although you will pay interest on cash taken out from an ATM. The views expressed in the contents above are those of our users and do not necessarily reflect the views of MailOnline.

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Expert warns households against persuasive cold callers after he was stung himself No cover if your passport is lost on holiday: Should work at home medical billing and coding jobs buy your holiday cash now? RELATED ARTICLES Previous 1 Next. Share this article Share.

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Pound jumps as inflation fears split Bank policymakers. Interest rates held at 0. Surge pricing adds hundreds to the cost of your trip Britain's holiday rental market booms as the weak pound persuades millions to opt for a 'staycation' this summer Travelling with Flybe for a city break?

Make sure you don't get stung by the baggage catch like LEE BOYCE Avoid the travel money card traps: You may think they make you a savvy spender but beware fees for not using them, weekend spending - and cash Beat the sliding pound: The best and worst ways to spend abroad - and the cheap overseas cards you can get quickly before you jet off BA must compensate customers now if without quibble if it is to save its reputation, claims consumer group Which?

Hidden extra charges can DOUBLE motor hire costs: How to avoid rental car rip-offs MORE HEADLINES. Tourist rates Currency Rate Buy now Updated 21 Jun How to get cheap flights Find out how to get the best deal and avoid hidden charges, fare finders and booking fees.

Why you need a free EHIC card and how to apply for one EHIC gets you free or reduced cost state-provided healthcare in certain countries. The 12 ways car hire firms sting you at the desk: Latest tourist rates Tourist rates updated daily, with predictions on where next for the pound.

Cheap currency is also available. How to get the cheapest cover Our tables list THE best deals on travel insurance and allow you compare the small print How to get travel insurance if you're suffering from a serious illness Has your flight got cheaper after you bought it?

Clever transfers and careful planning could help you fund your new luxury lifestyle How to get cheap flights Cheap flights can seem a bargain, but there are hidden charges, fare finders and booking fees to navigate first. Sitemap Archive Video Archive Topics Index Mobile Apps Screensaver RSS Text-based site Reader Prints Our Papers Top of page Daily Mail Mail on Sunday This is Money Metro Jobsite Mail Travel Zoopla.