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Good news for holidaymakers as pound strengthens

Good news for holidaymakers as pound strengthens
24 Feb 2014

Brits trying to work out where to go on holiday this year are spoilt for choice, with Sterling having risen year-on-year against all of the top 40 holiday currencies and by at least 10% on more than half of them, according to a new report.

Post Office Travel Money says the biggest gain made by the pound in the past 12 months was against the South African rand (37%), meaning holidaymakers catching cheap flights there in 2014 will have £134 extra to spend per £500 changed compared to early 2013. 

The Caribbean is also a good destination to head to in 2014, with the pound up 28% on the Jamaican dollar and 10 to 15% on against the rest of the island chain. 

Significant gains have also been made in Asia. British holidaymakers are currently getting almost 20% more for their money in the UK's favourite Far East destination, Thailand, compared to a year ago, while in Bali, the rupiah has lost 33% against the pound in the past 12 months. 

Top cities to visit for cheap breaks currently include Moscow, as a result of the Russian ruble losing 9% against the pound; Prague (14%); and Budapest (13%).   

The strengthening of sterling has coincided with a drop in resort costs in many of these destinations - providing even better value for British holidaymakers. In Jamaica, for instance, prices have dipped by 56% year on year to significantly reduce the expense of eating out and shopping. 

'UK tourists can look forward to having more spending money in every holiday hotspot this year, and they will be even better off if they pick a destination where local prices are down,' commented Andrew Brown of Post Office Travel Money. 

'Our barometer research found that resort prices were as much as 56% higher last year … so it will be well worth doing some holiday homework before booking an overseas trip.'ADNFCR-408-ID-801696669-ADNFCR

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