Exchange rate fluctuations hit holidaymakers

Fluctuating currency values across the world could drive up the cost of a foreign holiday this year, analysts have stated.

Price comparison site stated that the collapse of the pound against the dollar and the euro means that trips to destinations which use these currencies will be "much more expensive".

Indeed, estimates suggest that for every $1,500 spent in the US today, Britons will be paying 300 more than they did last year.

The online portal added that the situation is similar in the eurozone, as people from the UK will be paying 85 more per 1,000.

Peter Harrison, spokesman for Moneysupermarket, commented: "Trips to Europe and America are going to be much more expensive for Brits, so making sure you organise your foreign currency in good time will be more important than ever."

However, exchange rate volatility has prompted some Britons to shun traditional tourism hotspots in favour of more affordable foreign destinations.

Abta - The Travel Association recently highlighted Turkey as one destination which has benefitted from this trend, as it is attracting a greater number of visitors from the UK.

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