TravelexRecent research by Travelex has revealed that it's possible to spend six weeks in Thailand with just £500, making it the cheapest destination for Brits on a budget.

The foreign exchange provider has unveiled the ten best and worst destinations for those on a budget this year, with results based on the average cost of living in each country and current exchange rates. The results reveal how long £500 could last if you ate out three times a day, had four soft drinks, two beers, a coffee and two trips using public transport.

The top three cheapest destinations were Thailand, Mexico and Jamaica, where travellers could last 44 days, 26 days and 25 days respectively. In contrast, the top three most expensive destinations were Switzerland, Norway and Denmark, where travellers could expect to last for six days in Switzerland and Norway and seven days in Denmark before running out of money.

John Rayment, the company's UK commercial director, said: “When it comes to holiday budgeting it can be difficult to know where to start. It’s not just cheap flights and accommodation that make a trip good value. Thorough research before you book about how much spending money you’ll need can really help you stick to a set budget.”

To help travellers budget better, the company has launched a spending calculator tool which offers a suggested budget based on the real time cost of living. It can be accessed at travelex.co.uk/currency-converter

twn Are you sure that you want to switch to desktop version?