Last February, the British Sterling had significantly dropped to a low point against other major currencies. However a recent report by the Post Office has revealed that over the last year, the Sterling had risen by at least 10% over half of the top 40 holiday currencies. This means that British holidaymakers looking to get a good deal on their currency exchange are 'quids in'.
This is great news for those who are planning a trip abroad, in particular to South Africa as this currently holds the best exchange rate for Sterling at an increase of almost 37% - great for holidaymakers looking for a little extra spending money for their trip. Jamaica is also a fantastic destination for the pound as travellers can get an extra 28% worth of Jamaican dollars than they did last year - perfect!
Other destinations in which the pound is strong are in the Caribbean, so fantastic news if you are planning a sunshine holiday to St Lucia, Trinidad, Tobago, Barbados or the Dominican Republic. Tourists can expect to have an extra 20% in Thailand, an extra 10% in Vietnam and an extra 6% in Hungary.
Although with any destination, it is worthwhile researching the area you plan on visiting beforehand as prices of dining out, accommodation and entertainment will vary depending on where you are. Look for special offers and deals to help make your money go further.
Remember if you are planning to travel, make sure you invest in a quality holiday insurance policy from Alpha Travel Insurance. With a range of products and options available that can be tailored to suit your needs, there's no reason why you shouldn't live life to the full!
Alpha Travel Insurance and alphatravelinsurance.co.uk are trading names of Infinity Insurance Solutions Ltd which is authorised and regulated by the Financial Conduct Authority: FRN 528912. Registered Office: 1 Tower View, Kings Hill, West Malling, ME19 4UY. Company Registration: 4319592. (c) Infinity Insurance Solutions Ltd; All rights reserved.