Holidaymakers travelling on flights to eurozone countries this summer will find that they have more currency left over than they were expecting, the Post Office has said.
Sarah Munro, the Post Office’s head of Travel Money, said that UK holidaymakers will receive 2.4 percent more euro for their pound than they did 12 months ago.
"Holidaymakers planning a trip to Europe this year may find themselves with left over currency after their trip, especially those heading to eurozone destinations," she explained.
"Recent research by Post Office Travel Money has also shown that living costs in the popular eurozone duo Portugal and Spain have dropped by around 40 per cent since last year, so those planning a trip to the Algarve or Costa del Sol this summer may find their pounds stretch further than they expected."
According to the Post Office Travel Money Monitor for January to May, sterling recently gained ten percent on the euro to reach an 18-month high, which comes after it hit a year low in March