Summer Holidays And The Pound In Your Pocket
As we approach the summertime many are turning their attention to that well earned break, that week or two away from the office, the sun and sea, and time with the family. While the UK may be suffering from rising interest rates at the moment, there is some good news for that trip overseas.
The rise in UK interest rates has made the pound better value against a number of other currencies, resulting in more for your pound than 12 months ago. So where should you visit?
While the pound has appreciated in value against many of the major currencies (with the exception of the Euro), these vary from a few percent to over ten percent in some areas. Some of the major rises in the last 12 months include :-
Cheaper Than 12 Months Ago
· US Dollar just under 5%
· Japanese Yen 12%
· South African Rand 10%
· Namibian Dollar 11%
· Botswana Pula 12%
Unfortunately even recent interest rate rises have not been enough to hold the Pound against a number of other currencies with falls in the exchange rate with :-
More Expensive Than 12 Months Ago
· Euro -1%
· Hungarian Forint -8%
· Croatian Koruna 2%
· Bulgarian Lev -1.2%
As with any holiday overseas it is essential to shop around and compare prices now to what they were 12 months ago. You need to ensure that you are getting the best deal and all of the savings are being passed on to you, the customer. The internet has assisted in this matter and there are many sites available which will scour the internet to find you the best offer.
More and more people are cutting out the Travel Agents and arranging their own breaks via the internet, but there are risk - but potentially massive savings as well!
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