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.”