Britons' holiday money goes further

BeachBritish tourists are finding their holiday money going further not just in the eurozone but in many other destinations as well, according to a survey.

About 80% of world currencies are now weaker against the pound than they were last year, found the survey from Post Office Travel Money.
Brazil, South Africa and Mexico are among the holiday spots where sterling has strengthened the most over the last 12 months. Other currencies which have crashed against sterling include the Polish zloty, the Hungarian forint, the Czech koruna and the Turkish lira.

But British visitors to the US are now getting about 0.7% fewer dollars than last year while sterling has dipped 4.1% against the Kenyan shilling.

Best-value holidays for Britons at present are to Brazil, where the Brazilian real has gone down 24.5% against the pound in the last year. The zloty has gone down 23.1%, the forint is down 20.8% and the South African rand has dipped 16.1%.

Other countries against whose currencies the pound has strengthened in the last 12 months include Croatia, Denmark, Bulgaria, Iceland and Argentina.

Post Office Travel money head Andrew Brown said: "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."
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