Since Brexit became a reality in June 2016, Pound Sterling, normally one of the most stable currencies on the world market, has become much less predictable.
If you have been abroad since the UK voted to leave the European Union, you’ll know that the fluctuations in the currency market have made travel much more expensive outside the UK—the Pound has dropped a total of 12% against the Euro, and has lower exchange rates against most other currencies than it has had for some time. Put simply—you now get a lot less for your money than you used to.
With Prime Minister Theresa May due to trigger Article 50 on the 29th of March, the Pound is likely to take another dip before the market readjusts—not great if you are planning to travel abroad soon. But though it may be late in the day, there are still a few things you can do to help you get the most out of your foreign currency before rates change next week.
Then take advantage of your flexibility and try somewhere new! You could go where the Pound is strong (Mexico and South East Asia top a short list of places where you will get more for your money), or you could try all-inclusive, which enables you to lock in the cost of most expenses before you leave.
Alternatively, Eastern Europe and countries on the outer edge of the Eurozone will provide you with better value than central Europe. Places like Poland or the Czech Republic don’t use the Euro, which will be the most affected currency, and they also have a wealth of historical and natural beauty which would keep even the most exacting traveller happy.
If the sun is what you are looking for, then you may want to perhaps avoid destinations like Spain, where economic difficulties mean prices are set to skyrocket, and head to Croatia instead, where unspoilt beaches and stunning blue lagoons will make you wonder why you didn’t go before.