Pound is worth more in two thirds of holiday hot spots
British travellers are getting a better exchange rate than this time last year in over two-thirds of the top holiday destinations, according to new research.
But the study by travel money specialist No1 Currency found that going to Europe will be more expensive this winter.
Since Christmas last year, the Pound has risen in value by over 5% against almost half of the most popular foreign currencies, including Turkey when it has strengthened against the Turkish Lira by as much as 23% since last year.
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The biggest savings are for those going further afield this Christmas.
In New York, every £1000 will mean an extra $100 dollars to spend and Brits will also get more for their Pound this year in Costa Rica (10.9%), Sri Lanka (11.2%) and New Zealand (11.3%).
But families going to the Eurozone will find that €1000 will set you back £30.
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Croatia and Hungary are also both 3% more expensive and a less favourable exchange rate means Poland will cost 9% more than last year.
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Simon Phillips, retail director at No1 Currency, said: "On the face of it, it’s been a rocky year for the Pound.
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"Dig a little deeper and you’ll find that in two-thirds of holiday hotspots, you can actually get more for your currency than you could a year ago. For those planning to get away to one of those destinations where the native currency has dropped by more than 5% against the sterling, it’ll feel like Christmas has come early.
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"However there are still a number of countries where the Pound is worse off than last year. For those who have left their festive destination planning to the last minute, it’s worth looking around to see whether you’ll be getting more for your Pound."
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Bev
Editor in chief Bev Fearis has been a travel journalist for 25 years. She started her career at Travel Weekly, where she became deputy news editor, before joining Business Traveller as deputy editor and launching the magazine’s website. She has also written travel features, news and expert comment for the Guardian, Observer, Times, Telegraph, Boundless and other consumer titles and was named one of the top 50 UK travel journalists by the Press Gazette.
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