Heather du Plessis-Allan

Once we get going again, are we going to be able to do it without reigniting the inflation?

Lucy, I almost want to catch up with you at the end of your visit and see what you think after that.

Look after yourself and enjoy your stay.

That's Lucy Ellis, Westpac Group Chief Economist.

Have you heard of travel maths?

Now, this is apparently the phenomenon where normal maths doesn't apply when you're overseas.

So by the time you've come back, you've well and truly blown your budget.

Apparently, Kiwis overspent by an estimated $700 million overseas in just the last year.

The research has come from WISE, and their travel money expert is Anhar Kambai.

Morning, Anhar.

Morning, Heather.

How are you?

I'm very well, thank you.

Now, apparently the main reason for the overspend is that holiday money doesn't feel real.

Is that believable?

One of the things that people get stung with is the ATM withdrawal fees and the foreign exchange transaction fees.

I mean, that stuff is real, isn't it?

You have no idea until you get there and you're taking the money out how much they're going to charge you.

Only solution is really just deal with the money in the currency, set yourself an amount in that currency and deal with it.

Anhar, thanks very much.