Here’s some news that will definitely interest those who are just about to book a half term holiday or an autumn break and are debating on whether to go overseas or remain in the UK.
Recent research by Travelex.co.uk, the world’s largest foreign exchange specialist, has revealed that holidaying abroad is actually cheaper than staying at home – in particular, a family of four could save over £150 if they spent a week in Croatia instead of a week in Cornwall!
Part of the reason for this is that the Pound currently holds a strong value against the Croatian Kuna (£1 = 7.78 Croatian HRK, as of 15th October 2010), having risen in value throughout the year. In fact, holidaymakers to the Adriatic country will receive 7.38% more for their money now than this time last year.
Comparative holiday costs of course also play a part in Travelex.co.uk’s research. They have found that a week’s self-catering accommodation for four in Redruth, Cornwall is £125 more expensive than the same type of accommodation in Dubrovnik. Meanwhile, an average meal for four is 70% more expensive in Redruth than in Dubrovnik, whilst two beers in a bar is 50% more expensive.
Even travelling to the two destinations in question has costs that are considerably closer than one might think. The cost of return flights for four people to Dubrovnik comes in at £260, whilst return train tickets to Redruth are a none-too-cheap £200.10 – and that includes a special deal that allows children to travel for 5p.
Julian Neal of Travelex.co.uk says: “Croatia has continued to be great value for money throughout 2010 and with the Pound currently up 7.38% against the Croatian Kuna compared to this time last year, a bargain is in store for families this half term break. With temperatures currently set fair at 22 degrees and with flight times of less than two hours, it’s a dead cert hot spot for imminent October school holidays.”
Travelex.co.uk also offers a free online Travel Rate Tracker to allow travellers to watch exchange rates to make their money go even further. The Tracker monitors selected currencies and can then send an email notification either once the currency has reached a certain threshold or as a reminder – say a week before a trip abroad.
Neal added: “Families looking to get the best value on their currency should make sure to order what they need online at Travelex.co.uk and take advantage of the Travelex Price Promise – if a customer finds a better price offered by another foreign currency retailer (whether or not online), Travelex.co.uk will refund the difference between the price paid by the customer and the more competitive price.”