New analysis from travel money business Centtrip reveals that sterling is now worth around 15% more against the euro than it was this time two years ago, and estimates this could save British holidaymakers going to the EU around ?79 per trip on the value of their spending money.
The company's research reveals the nation took around 28.5 million holidays in the EU in 2013, spending a total of ?14.6billion whilst there. It says if the valuation of sterling against the euro remains the same this year when compared to two years ago, we could on average spend ?78.77 less in 2015 and have more or less the same spending power we did in 2013. The company estimates that two years ago people spent on average around ?511.84 per holiday, and to have the same level of spending money today they only need to spend around ?433.07.
Brian Jamieson, the company's co-founder and managing director, said: ?As sterling continues to grow against the euro, the power of our spending money whilst holidaying in the EU increases. Sterling has recently hit new seven-year highs versus the euro, and many of our customers are locking in current attractive rates and buying euros to use today or at a later date.?
