The UK may be hotter than the Bahamas, Rio de Janeiro, Sydney Australia, and even Mumbai today, but if you want your holiday spending money to go a whole lot further than it does at home, it is time to jump on a plane and head off on that long haul holiday you have always dreamed of!
The British Pound GBP has strengthened against a whopping 42 currencies in the past 12 months, and while its most noticeable gains have been against the Turkish Lira (16%) and the Euro (11%), it has also gained against many other popular holiday currencies, making exotic destinations such as Australia and South Africa more affordable to British Travellers.
New research by Sainsbury’s Travel Money, found that the mighty pound had gained 16% against the Australian Dollar and 6% on the Canadian Dollar in the past 12 months alone, and it has also made significant gains on the South African Rand, the New Zealand Dollar, the Argentine Peso and the Brazilian Real, destinations that were previously expensive for anyone travelling with GBP.
However, it’s not all good news, and if you have planned to go on holiday to the United States this summer, you can expect to get 7% less for your money than you would have this time last year. The British Pound has actually fallen against the Greenback, and so your trip to Walt Disney World, Las Vegas, Hawaii or New York will cost you that little bit more – but then, you’re in America, so who cares!
Finally, one last tip for all our travel buddies out there – July is one of the best months of the year to book your long haul flight, the world is on sale with British Airways, Turkish Airlines and Virgin Atlantic – so what are you waiting for!