Holiday destinations that offer the best value for money


Updated on 20 August 2015 | 0 Comments

John Lewis study reveals which holiday destinations offer you the most for your money.

A new study from John Lewis Foreign Currency has revealed which holiday destinations offer Brits the best value for money.

The research looked at how the value of the pound has performed against the native currency over the last six months, with Turkey taking top spot. The pound has increased by more than 14% against the Turkish lira over that timeframe.

If you want to stick within the Eurozone, then you may want to consider heading to Cyprus. The spending power of sterling has increased by 7% in Cyprus over the past six months thanks to falling inflation and the weak euro.

Here's how the pound shapes up according to the John Lewis research:

Country

Currency

Value increase for the pound over past six months

Turkey

Lira

14.2%

Australia

Australian Dollar

8.8%

Mexico

Peso

8.7%

Japan

Yen

8.2%

Cyprus

Euro

7.0%

Slovenia

Euro

6.1%

Finland

Euro

5.6%

Italy

Euro

5.6%

Germany

Euro

5.6%

Austria

Euro

5.5%

Canada

Canadian Dollar

5.4%

Malta

Euro

5.2%

Slovakia

Euro

5.2%

Estonia

Euro

5.2%

France

Euro

5.1%

Latvia

Euro

5.0%

Greece

Euro

4.9%

Luxembourg

Euro

4.9%

Ireland

Euro

4.9%

Portugal

Euro

4.8%

Netherlands

Euro

4.7%

Spain

Euro

4.5%

Belgium

Euro

4.4%

Lithuania

Euro

4.4%

Switzerland

Swiss Franc

4.3%

Croatia

Kuna

3.9%

Iceland

Krona

2.3%

USA

Dollar

1.6%

Table has been adjusted for inflation

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Euro remains popular

A weak euro has helped increase the spending power of sterling across the Eurozone and the currency remains the most popular with British holidaymakers.

Perhaps more surprisingly over the past six months the dirham currency used in the United Arab Emirates and the Danish Krone have fallen out of the top 10 most popular currencies to be replaced by the Icelandic Krona and the Japanese Yen, according to John Lewis Foreign Currency’s research.

Most popular currencies

October 2014

July 2015

Euro

Euro

US Dollar

US Dollar

Canadian Dollar

Canadian Dollar

Turkish Lira

Turkish Lira

Swiss Franc

Australian Dollar

Croatian Kuna

Croatian Kuna

Australian Dollar

Icelandic Krona

UAE Dirham

Swiss Franc

Danish Krone

Japanese Yen

Mexican Peso

Mexican Peso

To keep track of what's happening with each week with major currencies, be sure to check out our article This week's travel money movements.

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This week's travel money movements

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