Almost everywhere is more expensive now – except these four places (Photo: Getty)
It’s been a bad year for foreign holidays, after uncertainty around the UK’s fate outside the European Union meant the pound has crashed in value.
That makes the price of everything from hotels to pizza, ice cream and beers more expensive to buy.
But there’s been a sliver of light – with the latest research showing that in four places you’d actually be better off going on holiday now than at the same time last year.
Figures from travel money specialist No1 Currency show holidaymakers heading to Egypt, Mexico, Argentina and Venezuela will get more for their money now than in 2015.
The places where the pound has risen against the local currency
Source: No.1 Currency, Dec 1 price 2015 vs Dec 1 prices 2016. Research looked at 50 most-common currencies
And where it’s tanked
Of course, not everyone can afford to jet off half way around the world to Argentina, Mexico and Venezuela – while concerns around terrorism have put holidaymakers off Egypt.
Sadly, that means most people’s 2017 getaways will cost them more.
“Sterling began 2016 on a roll but has struggled badly since June’s EU referendum ," said Simon Phillips from No.1 Currency.
"Despite recovering a little in recent months, the pound is still well down against many of the most popular foreign currencies."
Here are some of the worst performers:
How to get a better deal wherever you travel
Of course, exchange rates aren’t necessarily the most important thing when planning a trip.
The good news is that, while you might not be able to move the international currency markets, you can get a better deal on the pounds you exchange.
Here are FairFX’s tips on getting the best exchange rate you can:
Track currency: Set up a currency tracker which will alert you to good rates.
Lock-in rates: If you know you’re travelling later this year, plan ahead. Pre-load a prepaid currency card to lock in rates and protect yourself from any potential further decline. If you’re happy with the current rate on offer, buy your currency now to guarantee that rate for your future holiday.
Buy wisely: Don’t leave changing your travel money until the last minute. Exchange rates at airports can be over 10% more expensive meaning you could lose £100 of cash for every £1,000 you change.
Stay alert: Once you’re abroad, beware of the double exchange rate dupe. If you let the seller in a shop or restaurant covert the price back into pounds, they will choose their own exchange rate and you’re more likely to be on the less favourable end of the dea
Cards: Debit and credit cards are good backups but beware of ATM and transaction fees as well as what exchange rate you’ll be forced to use. Instead, use a specialist currency card or a card designed for overseas spending
Always use local currency: If you have the option of paying – or withdrawing cash – in pounds rather than the local currency, always say no. This allows the other party to decide the exchange rate, a process known as Dynamic Currency Conversion, and it’s unlikely the rate will be in your favour.
Different money habits: Check out any travel money anomalies before you travel. In America, for example, you definitely need to remember your PIN – outlets are migrating from swipe & sign to chip & pin so don’t get caught out.
Low flying planes at Sunset beach by Princess Juliana International Airport Image 11 for ‘Homes and Holidays 25th Jan’ gallery