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Get the best from your holiday money in 2009

Sterling performs well against some currencies

Despite the current unfavourable exchange rates from sterling to euro, the pound has performed well – or remained the same – against some currencies, Which? Holiday has found.

After tracking the value of sterling over the last year, Which? Holiday has found that the pound has increased most against the Australian and New Zealand dollar, Turkish new lira, the Russian rouble and Icelandic krona – making trips to these destinations more appealing.

Strong against krona

The pound has shown the greatest increase against the Icelandic krona (ISK). Since the end of 2008 the krona’s value has fallen by nearly a third – due in part to the unstable Icelandic economy.

For £500 you will get over 16,000 extra ISKs – which is equivalent to approximately £99. For New Zealand dollars you will get an additional £46, while current exchange rates will mean you will get just over £14 more roubles compared with February 2008.

Passengers will however, need to weigh up the costs of the journey involved and the prices paid for accommodation and food once there before opting for one of these destinations.

Hungary and Czech Republic

Closer to home, Hungary and the Czech Republic are two short-haul destinations where holiday spending money will go further this spring, according to research carried out by the Post Office.

Although sterling has dropped in value against the Hungarian forint and the Czech koruny, its relative strength against these currencies, combined with lower local tourist costs, make them attractive destinations in 2009.

For more tips on how to get the best from your holiday money read our report on how to Cut the cost of your holiday

Which? Holiday

How can you ensure that your holiday of a lifetime doesn’t turn into a nightmare? Which? Holiday can help. With four issues a year we provide comprehensive, independent and unbiased holiday advice. In addition, members can call the Which? Legal Service free to discuss any holiday related problem.

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