Holidays&Travel

See how much more your holiday will cost this year thanks to Brexit

If you're heading abroad this summer, be prepared to shell out more thanks to Brexit
Vicky Shaw, Press Association

Holidaymakers could be in for a shock when they add up the final cost of trips abroad this summer, analysts are warning.

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 euro 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 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

:: Euro, £1,141

:: 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

Enjoy reading the Irish News?

Subscribe from just £1 for the first month to get full access

Holidays&Travel

Today's horoscope

Horoscope


See a different horoscope: