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Holidaymakers to benefit from strong sterling despite Brexit

Destinations
Gary Noakes
14 January 2020

Sterling may have taken a Brexit bashing, but it is stronger against many currencies than a year ago, the annual Post Office Travel Money survey has concluded.

Fly Now Pay Later is banking on a boom in loans from holidaymakers

Research by the foreign exchange provider found 85% of the Post Office’s 40 top-selling currencies were weaker against sterling at the start of 2020 than a year ago.


Only six – the Russian ruble, Egyptian pound, Thai baht, Costa Rican colon, Canadian dollar and Indonesian rupiah – were stronger.

Moreover, prices are lower than a year ago in 33 of 42 destinations surveyed and have fallen by 10% in 11 of these places.


Further good news is the cost of eight tourist staples, including a three-course meal, a beer and sun cream, has fallen in 33 of 42 worldwide destinations and by more than 10% in a third of these.