Strong pound gives Brits more for their money

The pound’s continued strength against the euro has meant that UK holidaymakers have been able to enjoy more than a few bargain breaks to the continent in 2012.

Now it appears that Brits can also reap the benefits of a mightier sterling further afield, with research from Moneycorp revealing that travellers can also get more from their money at long haul destinations including Brazil, Sri Lanka, Argentina and South Africa. The value of the sterling against the four countries’ respective currencies has climbed significantly since December 2011, with Brits getting around £87 more for every £500 spent as a result of the pound rising in value by more the 17% against the real.

Visitors to neighbouring Argentina will also be able to cash in on favourable exchange rates, with the pound strengthening 16.5% against the peso year-on-year. This is also the case for holidaymakers heading to Sri Lanka, where UK holidaymakers’ travel spend will be boosted by a 14% rise in the value of the pound against the Sri Lankan rupee. In South Africa the value of the pound against the rand has risen by 10%.

Sterling has seen significant rises against the Indonesian rupiah (+ 8.5%), and the Indian rupee (+ 6%) since December last year. Those Brits looking to get a dose of winter sun a little closer to home can take advantage of a 6% rise in the pound against the euro and head to popular destinations such as Cyprus, Malta and the Canary Islands.

The Post Office’s recent Christmas Markets Barometer revealed that the pound in a Christmas shopper’s pocket will stretch up to 8% further in Europe this festive season. Tallinn in Estonia emerged as the cheapest destination of the 10 European cities surveyed for a Christmas market break, at £370.68 for a two-night break for two.

If you are heading on abroad in 2013, it is crucial to secure the right type of travel insurance policy before you leave.

Date Created: 17 December 2012

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