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UK holidaymakers visiting Europe to save £79 per trip

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Written by:
04/03/2015
New research released today by Centtrip reveals that Sterling is now worth around 15 per cent more against the Euro than at two years ago – and as a result, UK citizens holidaying in Eurozone countries could be saving around £80 per trip.

UK residents collectively enjoyed over 28m holidays in the EU overall, spending a combined total of £14.6bn on their trips (an average of £511.84 per holiday).

The same trip will cost an average of just £433.07 (a reduction of £78.77) with current exchange rates.

“As Sterling continues to grow against the Euro, the power of our spending money while holidaying in the EU increases,” said Brian Jamieson, managing director of Centtrip. “Many of our customers are locking in current attractive rates and buying Euros to use at a later date.”

This morning, the International Currency Exchange (ICE) urged those intending to travel to Europe this year to buy their Euros now, to capitalise on current rates.

“Those heading to the Eurozone will find their money going further than at any time in almost seven years so it makes sense to take advantage of the rates on offer,” said Koko Sarkari, COO of ICE. “Even if the Euro does weaken further, travellers are still getting a good deal at today’s rates compared to a year ago.”

“No one can predict how rates will move, but a good way to hedge your bets is to load money to a prepaid card.  That means if the Euro starts to strengthen closer to the departure date, the rate on the card will average out at a better rate than if you had put all your eggs in one basket and bought currency just before your holiday.”

 

 

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