Better value holidays – try Brazil as pound strengthens
British holidaymakers will find their travel money goes nearly 23 per cent further in Brazil this year, but visitors to the USA will get less for their sterling.
Despite the economic gloom at home, for those who can afford to travel to foreign climes the news from the Post Office is good: it has found that some 80 per cent of world currencies are now weaker against the pound than they were a year ago.
In the last 12 months sterling has strengthened the most against the currencies of Brazil, South Africa and Mexico.
Cheaper destinations include:
• Poland – zloty down 20.5 per cent
• Hungary – forint down 18.7 per cent
• South Africa – rand down 15.5 per cent
Also cheaper are Croatia, Denmark, Bulgaria, Iceland and Argentina.
But tourists planning a trip to the USA will get 1.3 per cent fewer dollars than last year, and 4.7 per cent less if they are converting their pounds into Kenyan shillings.
The head of Post Office Travel Money 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.”
The pound is currently at a three-year high against the euro following worries over the eurozone crisis.