Sterling looks good ahead of bank holiday
28 Aug 2015
The pound is still providing good value to Brits heading abroad this bank holiday weekend, despite sinking against the euro in recent weeks.
News of trouble in China’s economy caused a wobble in the markets, during which the euro soared. Despite recent movements, compared to this time last year, the pound is still strong in the Eurozone, Norway, Sweden, South Africa, Canada, Australia and New Zealand.
David Swann of Travelex comments: ‘It’s still looking good for Brits who’ve booked a holiday for this weekend. Even though the pound has weakened against the euro recently, it’s still nine per cent stronger when compared to this time last year. Similarly, those going to Norway and Sweden will have an extra 1,218 NOK (£99) and 744 SEK (£59) with the pound up 25% and 13% respectively. “Those planning a bigger trip to Australia or New Zealand will find their pounds stretch even further with the pound up 21% against both currencies meaning at extra AU$184 and NZ$196 on exchanging £500 compared to this time last year.”
For a competitive rate, holidaymakers should order their currency through the Travelex Travel Money app which is offering extra special rates across all currencies until 31st August. This means customers ordering through the app will lock in an even better rate than those who order via Travelex.co.uk. Customers who order euros and US dollars through the app can collect their currency from the airport from only four hours after placing their order.