Holiday money

80% of currencies are weaker than sterling Photo: Calendar

If you are going on holiday this year your money is likely to go further due to the strong rates of Sterling. 80% of currencies are now weaker than sterling, giving tourist up to 24.5% per cent more money than in 2011.

This means if you change £500 into euros you will have £47.41 mor to spend. That is the equivalent to more than enough for a meal for two with wine at most holiday resorts. If you were to travel to Brazil with that same outlay of £500 you would have over twice as much extra money.

There have also been big falls in the Mexican new peso, so tourists choosing Cancun or the Riviera Maya will have more money too.

In Eastern Europe the Post Office has identified Budapest, Riga, Prague and Warsaw as the best value breaks.

  • Hungary - holidaymakers get 20.8% more Hungarian forint. That is about £86 if they change £500 - more than enough for 3 evening meals for two in Budapest.
  • Poland - holidaymakers get 23% more Polish zloty. Handy for football fans hoping their team can win their games in Ukraine and make it to the semi final in Warsaw.
  • Czech Republic - holidaymakers get 14.3% more.

Although the increasing value of sterling against the euro has dominated the headlines, there are very few places where the pound is not packing a stronger punch this year. Our advice is for people to keep a close eye on exchange rates for all the destinations they are considering so they can judge where they will get the best return on their money.

– Andrew Brown, Post Office Head of Travel Money