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The cost of a holiday isn’t just about getting to your destination, how far your pound will stretch when you get there is just as important. News from exchange expert Saxo reports that one popular holiday destination for British tourists could also be the best location for bargain hunters.
The Turkish lira is now worth more than double against the pound compared to this time last year, according to the report. It will be welcome news for holiday makers, especially as the pound has slipped against some major currencies. Sterling’s value against the euro and the dollar has stabilised – at the time of writing (Thursday, July 7) today’s rates puts the Euro at 1.1274 against the pound while the US Dollar sits at 1.151, according to Post Office exchange rates.
Overall, according to the holidayextras website, “the pound is relatively strong against the Turkish lira, meaning holidaymakers can get great value for their money when visiting Turkey”.
Spending power in Turkey puts Brits in the driving seat for bargain purchases. The current advised exchange rate, again with the Post Office foreign currency service, puts the Turkish Lira at 19.163.
So, when it comes to what you can get for your money, how does that translate on the ground. Belfast Live reported that if you fancy a pint of local beer whilst on your holiday in Turkey, you’d be paying the equivalent of just ?1.99.
And if you’ve been wincing at the price every time you fill your car up with petrol in the UK, it will be welcome news that petrol in Turkey sells at an average of 94p per litre. Eating out is good value, too. The average bill for a dinner for two in a local restaurant comes in at just ?14, according to the latest survey.
UK visitors no longer have to produce a negative Covid test or proof of vaccination to enter Turkey, according to the latest government advice, which says that Turkey has removed Covid-19 travel restriction for entry. It says passengers arriving in Turkey are “no longer required to present proof of vaccination or negative PCR test results”. Although advice remains to check the entry requirements before travel as they may change with little warning.
However, travellers do need to check government safety advice before deciding exactly where to visit in the country. Foreign, Commonwealth and Development Office (FCDO) currently advises against travel to areas within 10km of the border with Syria, except the city of Kilis. It also advises “against all but essential travel to the remaining areas of Sirnak, Kilis (including Kilis city) and Hatay provinces”
If you looking for other value-for-money locations for this year’s summer break, Portugal, Spain and Germany fair well, while the USA and Australia have been found to be the most expensive for spending.