Cyprus has offered British tourists a greater increase in value for money than any other country in the Eurozone over the past six months, according to John Lewis Foreign Currency.
It claimed Britons visiting the island have seen their spending power increase 7% due to falling inflation and a weakened euro.
Outside the EU, the Turkish Lira provided Brits with the greatest overall increase in spending power (14.2%) followed by the Australian Dollar (8.8%) and the Mexican Peso (8.7%)*.
In comparison, the US dollar came bottom of the table of value offered by the most popular currencies, with an increase in spending power of just 1.6%.
The good news for Britons travelling abroad is that all the most popular currencies fell against the pound, increasing our spending power overseas.
Best value currencies against the pound (adjusted for inflation) between February 2015 and July 2015
|
Country |
Currency |
Value increase for the pound (adjusted for inflation) |
|
Turkey |
Lira |
14.2% |
|
Australia |
Australian Dollar |
8.8% |
|
Mexico |
Peso |
8.7% |
|
Japan |
Yen |
8.2% |
|
Cyprus |
Euro |
7.0% |
|
Slovenia |
Euro |
6.1% |
|
Finland |
Euro |
5.6% |
|
Italy |
Euro |
5.6% |
|
Germany |
Euro |
5.6% |
|
Austria |
Euro |
5.5% |
