Couple, Elizabeth and Lee Saxby saved nearly £13,000 by having the exotic wedding of their dreams on a tiny Hawaiian island Paradise instead of the UK…
After eschewing a traditional wedding at home in Cardiff, the couple opted for an intimate beach ceremony surrounded by close family on the beautiful Kauai island – costing only £2,500. And they’re not alone. With UK weddings costing an average of £20,500 (more than a deposit on a house) it’s no surprise that getting married abroad is a more attractive option.
“The world was our oyster – and Hawaii won! We decided on a very private and relaxed affair on one of Hawaii’s quietest islands. We ended up spending £2,500 on the wedding, including my dress and the photography. It meant we could spend more money on our honeymoon and travelling across California. It was the holiday of a lifetime.”
Elizabeth and Lee are not alone with as many as one in four couples opting to marry abroad. The average wedding in Fiji costs as little as £700 while the Seychelles boasts average costs of £840. Under the £2,000 mark are Malaysia and Thailand while the average wedding costs around £4,000 in South Africa, Sri Lanka and Morocco.
And the cost of getting married abroad is getting cheaper, according to FairFX, if you choose your destination wisely. Long-term currency fluctuations mean that a wedding abroad this year can cost up to 188% less than it did five years ago. Popular overseas wedding destinations such as Jamaica and Mexico are also significantly cheaper this year – meaning you can get much more wedding for your money than you could in the UK.
Ian Stafford-Taylor, CEO of FairFX, commented: ” The good news for couples is that long-term currency trends offer incredible value in a host of dream wedding destinations meaning every pound spent will go further, giving you much more wedding for your money.”
FairFX’s top money tips on planning a wedding abroad
Don’t just look at the cost of your wedding package – look at destinations where your money will take you furthest and get the most value.
If you’re making an international payment to pay for your wedding, set up a rate Watch service with FairFX so you’ll be informed when the rate is in your favour.
When it comes to your travel money, don’t leave it until the last minute. Exchange rates at airports can be over 10% more expensive, meaning you could lose £100 of cash for every £1,000 you change – that’s a lot of Champagne you could be celebrating with!
Using debit and credit cards to make international payments or while you’re abroad can lead to costly hidden charges – such as foreign exchange, transaction and ATM fees. You also don’t get a choice of exchange rate. Instead, use FairFX’s prepaid currency card for you and your family.