Silver lining to Euro crisis

By
Daily Mail Reporter

Last updated at 11:46 AM on 7th January 2012

Families have been urged to take advantage of a wealth of cheap holidays
to Europe as the Euro plummets to its lowest rate against the pound in
15 months.

Travel industry experts say
people wanting to book holidays in the February or May half-terms, or
even over the summer, are likely to find great bargains.

The pound is now worth €1.21, its
best rate since September 2010, which means that holidays to Eurozone
destinations will cost British buyers less.

 No worries: now that the euro has weakened against the pound, holiday-makers going to the continent can snap up a bargain

No worries: now that the euro has weakened against the pound, holiday-makers going to the continent can snap up a bargain

Holiday-makers will also find that once they reach their destination they get great value for their money. 

Gill Edwards, of the Association of British Travel Agents, told the Daily Express: “With the pound strengthening, holidaymakers will see their money stretch further, making the eurozone better value.”

Ian Ailles, head of mainstream holidays at Thomas Cook, said it was an ideal time to book a holiday on the continent. “It will be cheaper to eat, drink and enjoy your holiday across Europe.” He said the that the equivalent holiday in the UK would cost more. 

More for your money: holiday-makers can also reserve their spending money up to a year before travel so that eating and drinking once you arrive will be cheaper

More for your money: holiday-makers can also reserve their spending money up to a year before travel so that eating and drinking once you arrive will be cheaper

Travellers have also been urged to buy their spending money now before the Eurozone crisis is resolved and the rate falls again. Bureaux de change are letting summer holiday-makers fix the rate now for
the delivery of their spending money up to a year before they head
off. 

City analyst William Poole of FC Exchange said: “It’s worth getting in while it’s hot. The euro crisis will have to be resolved and when that happens the euro will strengthen again.” 

Here’s what other readers have said. Why not add your thoughts,
or debate this issue live on our message boards.

The comments below have not been moderated.

“Now for my main point, I was reading an article by Professor Johns an economist and he said that he wouldn’t be surprised if the point was reached where £1 would buy 4 Euros. If this does happen, the mainland Europeans will be seeing a lot more of us. So many in fact that they may as well put all of their signs in English and switch the side of the road they drive on. Imagine it, a 5 star hotel room would become as cheap as a travelodge.
– Something fishy going on here…, UK, 7/1/2012 16:16” ——— And there will be fresh British bacon for breakfast – if they can catch the flying pigs.

whatever the rate just remember the hefty bid-offer spread the banks use to rake off 10% of whatever sum you exchange and 20% if you decide to sell the euros back.

Plummets?

Stay at home. We don’t want you binge-drinking British lager louts here.
– Pierre, Paris, 7/1/2012 17:48
Salut Peter, I see you are at it again..winding up our compatriots !!.

And expats.

To be honest we found it really expensive in Europe , When they come back down to earth after there trip with the euro , we maybe able to afford to go . Until then the hard earned money stays here .

The Euro has only weeks to live so don’t get Euros’ get US Dollars or Sterling.

The pound is not strenghtening but the Euro is weakening thanks to a few European countries.

I’m going to take 1.21 Euros to my pound. I’m off to book a holiday to Florida first thing in the morning.

Euro land is finished don’t give it the kiss of life let it die.

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