British holidaymakers get more for their money as pound reaches 9-year high against the Euro

Timeshare owners taking a break in the Eurozone this summer will see their pounds stretch further, with the news that the pound is at a nine-year high against the Euro.

Many resorts in popular timeshare destinations such as Spain, Greece and Portugal have also dropped their prices, making eating out and car rental even cheaper at the moment.

Money exchanges have been offering holidaymakers up to 1.39 euros to the pound – a staggering 15 per cent more than last year.

Some experts even ­predict sterling could top 1.5 euros. By comparison, at the end of 2008 one pound sterling was worth just 1.02 euros.

Bob Atkinson, travel expert at TravelSuper­market said: “Making a tiny bit of effort now can knock a massive dent in your holiday costs.

“British travellers going to euro destinations like Spain can either bag a real bargain break, or spend more but see their money go so much ­further. You could definitely save hundreds of pounds overall compared to booking the same holiday this time last year.”

He advised buying ­ currency or charging up pre-pay holiday cards now for use later in the year.

Prices for drinks, meals and entertainment are also at their lowest level for years. ­Compared with 2014, prices have fallen around 15 per cent and, in some places, are half what they were five years ago.

According to the Post Office’s latest Holiday Travel report the best deals are in Portugal’s Algarve, where the same basket of goods compared across various countries in Europe will cost £33. Meanwhile, in Crete, prices are 20 per cent lower than last year and Greek Island loves should find their pounds stretch further for shopping, sightseeing and eating out, too.

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