If you haven’t booked your holiday yet this year – if you’re thinking of a last minute booking or are planning to go later in the year – you might want to consider Turkey as an option.
That’s because it’s one of the few places where you will get more for your pound than you did last year.
With the fall in the value of the pound since last June’s Brexit referendum, many places have become more expensive for Britons to visit.
That includes practically everywhere in Europe as well the US, Australia, New Zealand and many parts of Asia.
Chris Saint, a senior analyst at Hargreaves Lansdown Currency Service, said the pound’s slide against the euro means a family could end up paying £141 more now to get the same amount of euros that they could have got a year ago for £1,000.
He said those travelling to South Africa could find themselves among the worst hit, following the post-Brexit vote slide in the pound.
Mr Saint said: “To get the same amount of rand as £1,000 would have bought on the eve of the referendum, you would need to fork out £1,300 now.”
He said the Turkish lira is one of the few currencies where holidaymakers’ pounds now go further than they did in June 2016.
Mr Saint continued: “Many British holidaymakers could be in for a shock when they tot up the final cost of their trips abroad this summer.”
He added: “Another downside of a weaker pound is of course rising inflation which is leading to a squeeze on consumer incomes.
“The silver lining to a weaker currency however is that it makes UK produced goods more competitive on the export market, which should give a boost to British industry.”
Here is how much holidaymakers face paying now to get the same amount of foreign currency that £1,000 would have bought them a year ago, in June 2016, according to analysis from Hargreaves Lansdown Currency Service:
South African rand, £1,300
Russian ruble, £1,281
Taiwan dollar, £1,223
Indian rupee, £1,212
Thai baht, £1,203
Czech koruna, £1,181
Polish zloty, £1,180
Hungarian forint, £1,164
New Zealand dollar, £1,164
Australian dollar, £1,163
US dollar, £1,160
Hong Kong dollar, £1,153
Danish krone, £1,142
Swiss franc, £1,140
Singapore dollar, £1,123
Norwegian krone, £1,121
Canadian dollar, £1,121
Japanese yen, £1,102
Malaysian ringgit, £1,090
Swedish krona, £1,087
Turkish lira, £948