BRITONS who holiday in Spain are slightly less intellectually challenged than those who plump for a break in France, a study has shown.

For while 12 per cent of Spanish sunseekers still believe pesetas are used, this compares with 30 per cent of holidaymakers in France who think the franc is in use.

Overall, 48 per cent of tourists think the euro is now worth more than the pound, despite it being worth about 84p.

And 51 per cent of dozy travellers admit they spend more on holiday because of exchange rate confusion.

Travel agent boss, Chris Brown, said: “It’s worrying people aren’t knowledgeable about currencies, as this leads to overspending.”

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