Sterling soars against European currencies - Travellers set to benefit by up to 21 percent

Tuesday 17, July 2012


Sterling soars against European currencies - Travellers set to benefit by up to 21 percent


Britons heading to Europe this summer, hoping to cash in on the Eurozone crisis, may do better to look at some of the countries outside of the Eurozone, according to research carried out by Moneycorp.


The foreign exchange specialist examined the top 20 currencies to strengthen against the Pound over the past 12 months, and found that destinations outside of the Eurozone have seen exceptional growth.

While the Pound has risen strongly against a faltering Euro over the past year, gaining an impressive 9.7%, across the rest of Europe, sterling has performed even better, gaining as much as 21.4% since last summer. This equates to an additional £107 for every £500 spent on holiday.(1)

Top of the pile is the Hungarian forint (21.4%), closely followed by the Polish zloty (18.9%), Romanian New leu (16.9%), Czech Republic koruna (15.8%) and Croatian kuna (11.8%).

Olann Kerrison, currency expert at Moneycorp, commented: "The strength of the pound will be welcome news for many holidaymakers looking for a bargain summer trip, especially for those willing to travel inside of Europe but outside of the Eurozone.

“Cities in Eastern Europe such as Budapest, Prague and Dubrovnik, not only offer a great return on currency, but also offer a much lower cost of living, meaning that in relative terms your holiday money can go even further.”

Outside of Europe, other popular tourist destinations are also offering substantially better value thanks to the soaring pound. The Brazilian real and the South African rand for instance have seen an increase of 23% and 18.4% respectively, compared to 12 months ago.

However anyone booking a Kenyan safari should expect to lose out compared to last year, as the currency value of the Kenyan shilling has plummeted 9.1% since last summer.



Bookmark and Share


^ back to top


Find the best deals available today

The grey menu on the right is your best friend. Always check before you travel.

Plan your trips with the help of great resources

More and more travellers think that researching and planning a European city break is half the fun and they're not interested in pre-arranged trips or escorted tours. Self-guided tours offer a lot of advantages but require some guidance and good resources.


Clean, green and very pristine

Top 10 most environmentally pure countries

With the recent wild fires, disrupting flights and increasing air pollution, environmental quality is a growing factor in attracting tourists.



Top 15 most spectacular hotel rooftop views

The hotel price comparison site has put together a list of the fifteen most spectacular hotel rooftop terraces in the world.

Latest offers, discounts and more...

Accor “3=2 offer”
Why not extend your stay? 3 nights for the price of 2.
Columbus Direct travel insurance
Quality cover at low prices to customers all around the world.
Priority pass
Access VIP lounges no matter where which airline and class you fly.
European City Cards
See more and pay less! Get your "passport" to European cities.
Rail Europe
Comfortable and affordable on European trains.
Lonely Planet Magazine
Packed with insider knowledge, hints and tips.
Sandemans New Europe City Tours
Free walking tours in 13 cities within 9 countries.
Sol Melia Wednesdays
Search your exclusive special offers now for the coming weekend!
Low-cost shuttle and private transfers in over 70 countries.
IMEX Frankfurt 25-27 May
The essential worldwide exhibition for incentive travel, meetings and events.
Subscribe to Travelio News Summary via RSS Follow our news titles on Twitter Become a fan of on Facebook Bookmark and Share