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UK Tourists Face Expensive Trips Abroad This Summer

Wed, 24 Jun 2009

British travellers will struggle to make the most of their money in popular holiday destinations this summer with the value of the pound remaining weak against other currencies .

According to latest currency figures from Sainsburys Travel Money, the pound has fallen in value against 10 of the 11 most popular currencies for UK holidaymakers.

Over the last 12 months, the value of sterling has fallen the most against the US dollar, dropping by 17.74 per cent, followed by a 15 per cent fall against the South African rand and the Thai bhat .

The pound has also decreased by 14 per cent against the Egyptian pound, nearly 9 per cent against the euro and more than 8 per cent against the Indian rupee since June 2008

Of the 11 popular currencies reviewed, Sainsbury's Travel Money found that the pound has only increased in value against the Turkish lira - at a rate of 2.10 per cent – meaning that Turkey still represents good value for UK tourists .

Sam Marrs, head of Sainsbury's Travel Money, said: "Sadly, the fall in value of the pound means that holidaymakers may need to exchange more money than they did last year."

"For example, if you wanted to take away US$500, it will cost you almost £55 more to buy this amount of currency than it did this time last year, which makes it all the more important to ensure that you receive a competitive exchange rate and don't pay commission."
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