Financial News

• Brown dismisses housing crisis fears (09 04 2008 10:15)
• Mortgage hope offered by bank (09 04 2008 10:15)
• Consumer morale 'falls again' (09 04 2008 10:15)
• Bristol & West withdraws deals (09 04 2008 10:15)
• Retirees feel 'unhappy due to no longer working' (09 04 2008 10:15)
• Severn Trent to be fined £36m (08 04 2008 04:15)
• Brown to announce first time buyers help (08 04 2008 04:15)
• UK bank details 'for sale by thieves' (08 04 2008 04:15)
• Last 100% mortgage to disappear (08 04 2008 04:15)
• High earners 'shut out of market' (08 04 2008 04:15)

Subscribe!

Long haul is best value for holidays, firm finds

Britons looking to make their holidays as cash-efficient as possible should consider going long haul, the Post Office has found.

In its annual What the Pound Buys Abroad study, the postage and financial services provider found that destinations such as South Africa, Dubai and New York represented good value for holidaymakers.

This is because the pound has performed strongly against local currencies in these territories across the year, particularly when compared with sterling's comparative weakening against the euro.

Therefore, consumers hoping to bag some bargains while abroad will be much better placed to save money on goods by converting their pounds into currencies such as the South African rand and Dubai's dirham.

Head of travel at the Post Office Helen Warburton said: "New York and Dubai are good bets for holidaymakers who want to restrict travel time to below eight hours.

"When time is not a concern, South Africa and Jamaica are great value destinations."

Send this article to: