Travel money business Centtrip has revealed that over the past two years, holiday costs have plummeted due to Sterling increasing in value against 14 other major currencies, with values rising between 2.2% and 107%.
Centtrip’s analysisreveals that two years ago the average British holidaymaker spent £628.51 whilst on holiday, and depending on where they go today, because of the growing strength of Sterling, they could spend half this amount and still have the same spending power.
When comparing exchange rates on 3rd March in 2015 and 2013, Sterling has seen a 107.3% increase against the Russian Rouble. When compared against the Norwegian Krona, it is now worth 36.9% more, and the corresponding figures for the Australian Dollar, South African Rand and Swedish Krona are 33.5%, 32.0% and 32.0% respectively.
Brian Jamieson, Co-Founder and Managing Director, Centtrip said: “We are seeing unprecedented levels of strength in Sterling and as it continues to grow the power of our spending money whilst holidaying abroad increases. There has not been a better time for Brits to travel abroad.”
The same is obviously true for buying property overseas also.
