Sterling has hit a 10-year high this week on the back of the struggling euro. That's good news for anyone planning a holiday in continental Europe and a massive change from six years ago when exchange rates hit a low, with travellers getting just a euro for each pound.
The Post Office reckons that, in effect, prices in eurozone resorts such as the Algarve are now up to 50 per cent lower than they were in 2009. However, people planning trips to more exotic destinations will discover that their holiday money does not go as far as before. The pound has plunged against currencies for many of the most popular destinations, such as the US, the Caribbean, Dubai and Thailand.
If holiday money is tight, extra currency could make a difference and the Post Office reckons you'll get better value in Portugal and Spain at the moment than Turkey.
Looking further afield for places where the pound will go further, the Post Office recommends Mexico rather than the Dominican Republic, Jamaica over Barbados, Egypt rather than Dubai and Bali instead of Thailand.Reuse content