NEWS

Pound To Euro Exchange Rate And How To Stop It Ruining Your 2017 Holiday

Staycation or faraway vacation?

25/01/2017 20:41 | Updated 25 January 2017

Last week a bureau de change at Gatwick Airport was reportedly offering just 97.4 euro cents to the pound.

While apparently a brief anomaly, the exchange rate sums up what has been a disastrous few months for Sterling, and in turn, British holidaymakers.

Since the EU referendum the pound has slumped from 1.3072 against the euro to 1.1708 at the time of writing, hitting a 31-year low of just 1.0967 in the “flash crash” of last October.

The year ahead promises to be just as tumultuous with the triggering of Article 50 sure to once again dramatically affect markets.

So how can you escape Brexit and not pay a fortune for it?

Marcello Mastioni, is VP and MD at holiday rental site, HomeAway, and Craig Erlam is Senior Market Analyst at financial brokers, Oanda.

Here are some average costs for some of the destinations mentioned above and how they compare to the Top 10 holiday destinations for Brits in 2017.

(Top 10 and travel costs courtesy of Travelzoo)

  • Argentina
    rmnunes via Getty Images
    Pictured: Iguazu Falls on the border of Brazil and Argentina.
    Average meal: £25 (for 2 people, mid-range restaurant, three courses)
    Average hotel: £47-£95 per night (for 2 people, mid-range hotel)
    Flight: From £541
  • Mexico
    (c) Iztok Alf Kurnik - www.iztokkurnik.com via Getty Images
    Pictured: The Mayan ruins of Tulum
    Average meal: £15 (for 2 people, mid-range restaurant, three courses)
    Average hotel: £26-£75 per night 
    Flight: From £403
  • South Africa
    spooh via Getty Images
    Pictured: Twelve Apostles mountain in Camps Bay near Cape Town
    Average meal: £27 (for 2 people, mid-range restaurant, three courses)
    Average hotel: £60-£120 per night 
    Flight: From £354

Top 10 2017 Holiday Destinations For Brits

  • England
    ATG Images via Getty Images
    Pictured: One of the world's largest tree houses in Alnwick, Northumberland
    Average meal: £50 (for 2 people, mid-range restaurant, three courses)
    Average hotel (March): £89 per night (for 2 people, 3 - 4 star hotel)
    Average hotel (July): £178 per night (for 2 people, 3 - 4 star hotel)
    Flight: N/A
  • Spain
    ValeryEgorov via Getty Images
    Pictured: The Sagrada Familia cathedral in Barcelona
    Average meal: £30
    Average hotel (March): £42 per night
    Average hotel (July): £135 per night
    Flight: From £35
  • USA
    oneinchpunch via Getty Images
    Pictured: New York's iconic skyline
    Average meal: £40
    Average hotel (March): £121 per night
    Average hotel (July):  £90 per night
    Flight: From £195
  • France
    mauriziobiso via Getty Images
    PicturedChateau De Chenonceau in the Loire Valley
    Average meal: £41
    Average hotel (March): £98 per night
    Average hotel (July): £153 per night
    Flight: From £24
  • Germany
    Leonid Andronov via Getty Images
    Pictured: Germany's Black Forest region
    Average meal: £38
    Average hotel (March): £87 per night
    Average hotel (July): £96 per night
    Flight: From £17
  • Scotland
    John Lawson via Getty Images
    Pictured: Edinburgh's historic skyline
    Average meal: £50
    Average hotel (March): £94 per night
    Average hotel (July): £118 per night
    Flight: N/A
  • Greece
    rusm via Getty Images
    Pictured: Shipwreck Cove in Zakynthos
    Average meal: £26
    Average hotel (March): £57 per night
    Average hotel (July): £105 per night
    Flight: From £74
  • Italy
    Guillaume CHANSON via Getty Images
    Pictured: Cinque Terre on the Italian Riviera 
    Average meal: £43
    Average hotel (March): £61 per night
    Average hotel (July): £169 per night
    Flight: From £23
  • Wales
    Snowshill via Getty Images
    Pictured: Anglesey island off the Wales coast
    Average meal: £50
    Average hotel (March): £143 per night
    Average hotel (July): £136 per night
    Flight: N/A
  • Portugal
    SeanPavonePhoto via Getty Images
    Pictured: The riverside of Porto
    Average meal: £26
    Average hotel (March): £84 per night
    Average hotel (July): £112 per night
    Flight: From £41
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