Do you plan to cart your family off to France for a week of fun and relaxation? If so, it may please you to know that doing so will now leave less of a dent on your wallet, because the pound recently shot up to its highest against the euro in 2 years. To be specific, sterling lately hit the giddy heights of 1.2699 versus the common currency, its strongest since August 21st 2012.
If a family holiday in France is what you’ve got in mind, what this means is that everything from your accommodation to the food in France will set you back less. For example, let’s say you plan to spend £1,250 on your French getaway. Right now, you’ll get +€170 more for that sum than if you’d exchanged currencies back in March 2013, when the pound was weak. So, with an extra +€170 you could book a more luxurious gite, treat the family to a great meal in a restaurant – all sorts of things!
Of course, the foreign exchange market is volatile, meaning there’s no telling how long this exchange rate will be available. With that in mind, if you want more euros in your pocket when you holiday in France at no extra cost, be sure to exchange currencies soon!
By Peter Lavelle at foreign exchange broker Pure FX. Visit us for free expert currency advice for when you holiday in France.